In the high desert of the Chilean Andes, a $1.5 billion international telescope was brought to full power on Wednesday, enabling mankind to peer deeper into space and further back in time than ever before.
The European Parliament voted to reject a deal reached by EU leaders on the bloc's next seven-year budget unless significant changes are made to the 960 billion euro plan.
Italy's three-year borrowing costs rose to their highest since December on Wednesday after Fitch cut its credit rating last week, but the country also managed to sell the top planned amount of a new 15-year bond.
Output at euro zone factories fell more than expected at the start of 2013 and production in France and Germany slipped in the latest sign the bloc is struggling to emerge from recession.
As calls grow for Germany to have more control over the European Central Bank, banker Jens Weidmann played down calls for it to have more voting power.
The euro zone's 17 finance ministers will meet on Friday to discuss a financial bailout of Cyprus, signalling growing momentum for a deal.
The U.K.'s blue-chip index has soared 10 percent so far this year. Goldman Sachs says there's more to come.
Vladimir Putin on Tuesday chose his chief economic adviser to head Russia's central bank. She will join a small female contingent at the top table of global finance.
Politicians must act to combat Europe's financial crisis because central banks can't do it alone, Jens Weidmann, the president of the Bundesbank, said Tuesday.
Reclassifying Greece as an emerging market economy is "deeply offensive," according to one analyst.
World oil demand growth could fall short of forecasts in 2013, producer group OPEC said on Tuesday, citing economic risks in the euro zone and the United States.
Italy's election produced the hung parliament investors said was the worst possible outcome. So why do markets seem largely unconcerned?
The political risks to the euro zone and its currency have receded and if the area stays on the "right track," the region's crisis could be largely over by the end of the year, Holger Schmieding, chief economist at Berenberg Bank, told CNBC.
Economist and former Finance Minister of Spain Alfredo Pastor makes the case that Spain is finally beginning its recovery.
Europe has spent hundreds of billions of euros rescuing its banks but may have lost an entire generation of young people in the process.
One in four Germans would be ready to vote in September's federal election for a party that wants to quit the euro, according to an opinion poll published on Monday that highlights German unease over the costs of the euro zone crisis.
Italy could see its borrowing costs rise above those of troubled Spain this week, analysts told CNBC on Monday.
Seven foreign hostages kidnapped last month by a Nigerian Islamist group from a construction firm's compound have been killed, the Italian and Greek Foreign Ministries said.
Beppe Grillo's anti-establishment 5-Star Movement said it wanted to lead Italy's next government and reiterated that it would not agree to an alliance with any other party.
A large majority of Italians are in favor of staying in the euro zone and are also against holding a referendum on membership, an opinion poll showed on Sunday.