The world has entered a “new Cold War,” Russian prime minister Dmitry Medvedev said on Saturday, The Financial Times reports.» Read More
PSA Peugeot Citroen won the support of a majority of workers' representatives for restructuring and job cuts designed to halt mounting losses at the French carmaker, three union officials said.
The European Union's markets watchdog has criticized the world's top three credit ratings agencies for a lack of transparency over how they evaluate banks and demanded more robust internal reviews of their methods.
Africa offers interesting investment opportunities for energy companies, CEO of Abu Dhabi National Energy told CNBC, while the Middle East is no riskier than Europe.
Proposals to force depositors in Cyprus to contribute towards a euro zone bailout has shaken the very nature of banking to its roots, according to Dennis Gartman, editor of "The Gartman Letter", who has labeled Cyprus's recently elected President Nicos Anastasiades a "fool".
Standard and Poor's sees a high risk that Spain, Italy, Portugal and France will not be able to carry through necessary reforms as the unemployed become less willing to put up with austerity, S&P's Germany head Torsten Hinrichs told a newspaper.
Britain's three main political parties struck a compromise deal on a new regulatory system for the country's newspapers.
The decision to force bank depositors in Cyprus to contribute towards a euro zone bailout could mean the country's economy could shrink by 15 percent over the next two years, investment bank Nomura said.
As the Cypriot parliament decides on a deposit levy, the shadow of Russian money in the island looms large.
It just may be that Cyprus' bailout deal raises more issues than it settles. Pimco CEO Mohamed El-Erian looks at the controversy.
Cyprus's parliament on Sunday postponed an emergency session to discuss a levy on bank savings imposed to partially fund an international bailout.
Cyprus's parliament will vote Sunday on whether savers must pay a levy on bank deposits under terms for an international bailout. Approval is far from certain.
Europe's rescue of Cyprus, partly funded by bank deposits, is not applicable to other euro zone countries, according to an economy ministry source in Spain.
U.S. Defense Secretary Chuck Hagel announced plans on Friday to bolster U.S. missile defenses in response to "irresponsible and reckless provocations" by North Korea, which threatened a preemptive nuclear strike against the United States last week.
Latvia's Prime Minister hit back at Paul Krugman's criticism of Latvia's austerity measures.
A Cyprus bailout is likely to be close to 10 billion euros ($13 billion), or much lower than forecast thanks to tax measures that are likely to boost revenues.
Chinks are showing in the Italian bond market's resilience to the political stalemate that followed last month's election.
European Central Bank President Mario Draghi gave EU leaders a crash course in macroeconomics late on Thursday, emphasizing his concerns about low productivity and high labor costs hurting the euro zone's prospects.
Inflation pressures in the euro zone are easing, giving governments and central bankers a touch more leeway for stimulus as the region's leaders seek to shift their focus to reviving economic growth.
Hungary's increasingly aggressive moves against media, judiciary and central bank independence will be discussed by European Union heads of states on Friday.
EU officials worked on a rescue package for Cyprus on Friday, hoping to get approval from the IMF and euro zone finance ministers later in the day.