UK fund manager Bill Browder, one of the Kremlin's harshest critics, briefed German officials on Russian money laundering in Cyprus just before the European Union set tough terms for the island's bailout. He said at least $31 million was laundered through Cyprus bank accounts, funds that were part of a $230 million fraud his lawyer

Small companies struggling to repay loans in Italy and Spain signal bigger problems on the horizon for the euro zone after the dust has settled on Cyprus's last-ditch bailout this week. Defaults by small and medium-sized enterprises (SMEs), easily the biggest employers in Spain and Italy, are rising at a worrying clip, spelling trouble for

Europe's carefully maintained autobahns, high-speed TGV trains and vast network of modern airports have long been the envy of the world. But thanks to austerity budgets that are slashing infrastructure spending just as other parts of the world are ramping it up, that may not be true for much longer. European infrastructure spending rose just

Cyprus's Stock Exchange extended an almost two-week shutdown after the island placed controls on currency transactions to prevent a run on deposits when banks reopen on Thursday. The exchange will remain shut during Easter, from March 29 to April 1, because the Target2 system of interbank payments throughout the European Union would not be working,

Eight people were killed when dozens of machete-wielding raiders struck a casino popular with tourists and local Italian residents in the coastal Kenyan town of Malindi early on Thursday morning, police said. Armed officers shot dead six of the attackers suspected to be members of a banned coastal separatist group while two policeman were also