The European Central Bank like commercial lenders faces the risk of writing down the value of some of its assets due to the debt crisis gripping Greece and other euro zone members,
Euro zone labour costs jumped in the first three months of 2011, driven mainly by higher costs in industry, European Union's statistics office data showed on Monday. Eurostat said total hourly labour
European leaders are scrambling to save Greece from a debt default that could cause global economic turmoil, but the Greeks themselves seem in denial. In a reaction that is causing frustration and
Europe's beaches became more polluted with bacteria from the sewage of humans or livestock last year, the European Union's environmental watchdog said on Thursday. The European Environment Agency (EEA), which monitors 22,000
Greek Prime Minister George Papandreou appointed Evangelos Venizelos as finance minister in a reshuffle on Friday, replacing George Papaconstantinou, the author of a painful IMF- and EU-mandated reform programme. Greek bank stocks
The IMF will release crucial loans to save Greece from default despite a likely delay by the European Union in agreeing a second bailout for the heavily indebted state, euro zone
Riot police fired tear gas to control a mob that burned cars and looted shops in downtown Vancouver on Wednesday after the Canucks lost the Stanley Cup final to the Boston Bruins.
The public website of the Central Intelligence Agency went down on Wednesday evening as the hacker group Lulz Security said it had launched an attack. Lulz Security has claimed responsibility for
An envoy of Syrian President Bashar al-Assad held crisis talks with Prime Minister Tayyip Erdogan on Wednesday, as Turkey pressed its once-close neighbour to end a crackdown that it has called "savagery".
Stone-throwing Greeks clashed with police and tens of thousands of protesters marched on parliament on Wednesday to oppose government efforts to pass new austerity measures for the debt-stricken euro zone state. Unions
