Euro zone finance ministers promised cheaper loans, longer maturities and a more flexible rescue fund to help Greece and other EU debtors in a bid to stop financial contagion engulfing Italy and
President Barack Obama pushed congressional leaders for the largest possible deficit-reduction deal on Monday that would involve changes to popular entitlement programs, asking: "If not now, when?" Obama told a White House
European shares fell to a two-week closing low on Monday, with peripheral stocks heavily sold-off on escalating worries about the threat of contagion from the euro zone debt crisis which could force
A deeper-than-expected recession caused Greece's central government deficit to widen by almost one third in the first half of the year, widely missing an interim budget target under the country's bailout plan,
EU finance officials will discuss a range of options for Greece's intractable debt crisis on Monday, galvanised by the growing threat of contagion to Italy, the euro zone's third-largest economy. A senior
* 12 dead, 62 injured in blast * EAC appeals to cut down consumption * The defence minister of Cyprus and the army chief resigned Monday after a munitions dump blast killed
Divers searching the wreck of a Russian Volga river boat reportedly saw more than one hundred corpses trapped inside the pleasure craft when they recovered eight bodies on Monday. A few dozen
The British government has asked the media regulator to consider whether undertakings provided by News Corp to secure a buy out of BSkyB are still credible in light of a phone hacking
European shares fell early on Monday, with Italian banks extending falls from Friday on intensified worries that Italy could be dragged into the euro zone crisis. At 0709 GMT, the FTSEurofirst 300
* EAC appeals to cut down consumption * At least 12 people were killed in a massive explosion at a military base on the southern coast of Cyprus just before dawn on
