Greece's new leaders may want to renegotiate the country's 130 billion euro bailout package with Germany and other lenders but a veteran icon of Greek resistance is pursuing a more ambitious goal with Berlin. Manolis Glezos, an 89-year-old leftist politicians famed for climbing up to the Acropolis in May 1941 and tearing down the Nazi
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Moody’s Investor Service raised Turkey’s main credit rating to Ba1 from Ba1 on June 20th, leaving it only one notch below the Baa3 investment grade. The new rating also pushed Turkey two notches ahead of the Republic of Cyprus, which was downgraded to Ba3 from Ba1 on June 13th, pushing Cyprus further into junk territory.
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Ousted Egyptian president Hosni Mubarak was moved from prison to a military hospital on Tuesday after a health crisis, officials said. Senior officers and military sources gave various accounts of the 84-year-old Mubarak's condition, including that he was in a coma and on life support. But they said he was not "clinically dead," as briefly
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World leaders extended by one year their vow not to put up new trade barriers at the Group of 20 summit on Tuesday in a last-minute deal that exposed deep rifts over protectionism. The agreement to refrain from new protectionist measures until the end of 2014 as part of world leaders' efforts to foster global
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WikiLeaks' founder Julian Assange has taken refuge in Ecuador's embassy in London and asked for asylum, officials said on Tuesday, in a last-ditch bid to avoid extradition to Sweden over sex crime accusations. Ecuadorean Foreign Minister Ricardo Patino said his country would weigh the request from the self-styled anti-secrecy campaigner, whose website is famous for
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Asian shares rose on Wednesday and the euro clung to most of the previous session's gains as investors bet that Europe's worsening debt crisis and faltering global growth will prompt major central banks to launch a new round of monetary stimulus. The Federal Reserve concludes a two-day policy meeting later, with expectations high that the
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The poisonous chemical dioxin had been found above permitted levels in eggs from a German farm following discoveries at six other farms in the country in April and May, officials said on Wednesday. The poultry farm is in the Emsland area in the north German state of Lower Saxony, the state agriculture ministry said. The
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U.S. market leader Nike and German rival Adidas are locked in their own Olympic battle to boost athletes' performance and squeeze maximum value out of next month's Games in London. The Games provide a showcase for new fashions and advances in technology which sportswear suppliers hope will drive sales at a time of economic turmoil
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Budget airline Ryanair said it planned to make a 694 million euro ($880 million) bid for Aer Lingus in a fresh attempt to gain control of its Irish rival. The company said on Tuesday that it would offer 1.30 euros per share for Aer Lingus. Ryanair already owns a 29.8 percent stake in Aer Lingus,
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Deposits are trickling back into Greek banks after a conservative victory in Sunday's election calmed fears that the country was set to crash out of the euro, several Greek bankers said on Tuesday. Greeks had withdrawn up to 800 million euros ($1 billion) a day from major banks before Sunday's vote on fears a leftist
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