The European Commission said on Wednesday it expects Spain to take quick action to implement its stability law, with regional finances crucial to the country's fiscal strategy. "We also expect prompt implementation
The European Bank for Reconstruction and Development (EBRD) on Wednesday reported record profits and investments in the first quarter of 2012 and said it planned to create a 1 billion-euro fund to
Germany aims to achieve a structurally balanced budget from 2014 and reduce its public debt to 73% of gross domestic product in 2016 from 82% this year, a government paper obtained by
Asian shares rose on Wednesday as firm demand at Spanish debt sales and positive U.S. corporate earnings boosted investor confidence in riskier assets. European shares were heading for a firmer start with
As astronaut Leroy Chiao watches the space shuttles he crewed make their final journeys to become museum pieces, he worries humankind is unthinkingly ditching space exploration and a future beyond Earth. After
Japan said on Tuesday it will provide $60 billion (37 billion pounds) in loans to the International Monetary Fund, becoming the first non-European nation to commit money to boost the fund's financial
Sweden's IKEA IKEA.UL, the world's largest furniture maker, is set to enter the consumer electronics market with products developed in co-operation with China-based TCL Multimedia IKEA officials said. IKEA, known the world
Whether it is a stroll on the beach, sitting in a tranquil garden or a trip in the space shuttle researchers are testing a new iPhone app in a mass experiment to
Commodities trader Glencore has denied it employs under-18s working at a copper mine in the Democratic Republic of Congo, saying any mining at the mothballed site is without its authority. The BBC's
U.S. retail sales showed unexpected vigor in March as Americans shrugged off high gasoline prices and bought a range of goods, suggesting economic growth in the first quarter was probably not as
