The euro zone is in the recovery room now the danger of a Greek default has been averted for a couple of years, but it is not yet safe from a Japanese-style "lost decade". The currency area's escape route hinges more on the pace of expansion in the United States and China, lifting the world

Carbon dioxide emissions from industry rose an estimated 2.6 percent in a weak global economy this year, a study released on Monday showed, powered by rapid emissions growth in China and India, which may add urgency to U.N. climate talks in Doha. The study by the Global Carbon Project, an annual report card on mankind's

The global economy is on edge – and that's without the U.S. "fiscal cliff." Among rich nations, the U.S. outlook remains the least troublesome. But given a recession in the euro zone and a recent contraction in Japan, that's not saying a lot. At the same time, many emerging markets are hurting. India is likely

Russia is willing to increase gas supplies to Turkey this winter if Ankara requests, Russian Energy Minister Alexander Novak said on Sunday, ahead of an expected surge in gas demand from the country which is struggling to diversify its suppliers. Turkey, which ranks as Gazprom's second-largest natural gas consumer after Germany, is forecast to see

Watching the events of the past few weeks, you could have gotten the idea that the United States is not only going to slip from the "fiscal cliff" but jump lemming-like off it. President Barack Obama presented last week a proposal that upset Republicans with its $1.6 trillion in revenue increases and limited spending cuts

The World Energy Council’s (WEC) annual Energy Sustainability Index reveals that most of the over 90 countries assessed are still far from achieving fully sustainable energy systems. Released at COP-18 in Doha, the Index is part of WEC’s 2012 World Energy Trilemma report, “Time to get real – the case for sustainable energy policy”, which

German lawmakers approved the latest bailout for Greece on Friday by a large majority despite growing unease about the cost to taxpayers less than a year before federal elections. The outcome of the vote in the lower house was never in doubt but it was a test of Angela Merkel's authority over her centre-right coalition.

-DSK has reached settlement deal with hotel maid – sources  -France's Le Monde says DSK to pay $6 mln settlement  -Agreement to be signed next week, sources say (Adds Le Monde report on 6 mln euro deal, detail) Former IMF chief Dominique Strauss-Kahn has reached a preliminary agreement with the hotel maid who accused him

Global hacking network Anonymous said it will shut down Syrian government websites around the world in response to a countrywide Internet blackout believe aimed at silencing the opposition to President Bashar al-Assad. Syria was plunged into communication darkness on Thursday when Internet connectivity stopped at midday. Land lines and mobile phones networks were also seriously