The euro hit 11-month lows and European stocks fell on Wednesday after the U.S. Federal Reserve warned Europe's unresolved sovereign debt crisis could hurt the giant American economy. Debt markets were on edge ahead of a planned sale by in Rome of up to 3 billion euros of new 5-year bonds – Italy's first sale
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Thomas Cook reported full-year operating profit at the bottom end of forecasts and said it would close 200 underperforming shops, as it looks to cut debt and restore investor confidence. Europe's second biggest travel firm by sales, which secured a rescue package from its lenders last month, said the move was part of a turnaround
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Canada still has a legal obligation under U.N. rules to cut its emissions despite the country's pullout from the Kyoto Protocol, the U.N. climate chief said on Tuesday. Christiana Figueres also said the timing of Canada's move, a day after a deal to extend it was clinched at a U.N. summit in South Africa, was
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EU institutions such as the European Court of Justice will have the power to enforce rules in the euro zone's new fiscal pact, struck at a summit last week, because the existing EU treaty gives them that right, EU officials said on Tuesday. All the EU's member states except Britain agreed at the summit to
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International scientists said on Tuesday they had found signs of the Higgs boson, an elementary particle believed to have played a vital role in the creation of the universe after the Big Bang. Scientists at the CERN physics research centre near Geneva said, however, they had found no conclusive proof of the existence of the
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A gunman killed four people, including himself, in an attack in the Belgian city of Liege on Tuesday, Belgian media reported. The man, named by Belgian press agency Belga as 32-year-old Nordine Amrani, opened fire and threw explosives on a city centre square which was hosting a Christmas market. A judicial source told Reuters that
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A pact among up to 26 European Union countries to enforce stricter budget rules and win back confidence in the euro zone will be finalised by March 2012, European Council President Herman Van Rompuy said on Tuesday. EU diplomats hope the first draft of a new fiscal treaty for the 17 nations that use the
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Residents outside the Fukushima exclusion zone were likely most exposed to radiation in the four months after the nuclear plant was wrecked by the March 11 earthquake and tsunami, the local government said on Tuesday. Their exposure of 19 millisieverts is just below the annual limit set by an international nuclear safety body, it said.
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Britain's demand for special treatment for financial services at last week's EU summit would have harmed the bloc's single market, European Commission President Jose Manuel Barroso said on Tuesday. "The United Kingdom, in exchange for giving its agreement, asked for a specific protocol on financial services which, as presented, was a risk to the integrity
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The sell-off in European stocks and the euro eased on Tuesday but concerns the region remains a long way from solving its sovereign debt crisis was seen likely to keep the pressure on. The euro, which plumbed two-month lows in Asia of around $1.3160, was rescued by some short covering to steady at around $1.3190,
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