Economists tip Spain to win World Cup

Spain are favourites to be crowned World Cup champions, narrowly ahead of Brazil, according to a global field of 74 soccer fan economists polled by Reuters. Twenty-four respondents said Spain would shed

Euro sank to four-year lows

The euro sank to four-year lows on Monday as stocks and commodities fell after disappointing U.S. jobs data and angst about euro zone debt problems fed fears the world economy may falter

EU defends spending cuts as unions raise pressure

European Commission President Jose Manuel Barroso defended spending cuts across Europe at talks with trade union leaders on Friday, saying austerity was needed to restore investors' confidence and economic growth. "I underlined