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  • ANALYSIS-The European centre-left's quandary Monday, 25 May 2015 | 1:50 PM ET

    LONDON, May 25- A crushing election defeat for Britain's Labour party has laid bare the dilemma facing Europe's centre-left. "We were sent out... to make an argument, if you can call it an argument, which basically said we're for the poor, we hate the rich, ignoring completely the vast swathe of the population who exist in between," was former Labour cabinet minister and EU...

  • ANALYSIS-The European center-left's quandary Monday, 25 May 2015 | 1:50 PM ET

    LONDON, May 25- A crushing election defeat for Britain's Labor party has laid bare the dilemma facing Europe's center-left. "We were sent out... to make an argument, if you can call it an argument, which basically said we're for the poor, we hate the rich, ignoring completely the vast swathe of the population who exist in between," was former Labor cabinet minister and EU...

  • NEW YORK, May 25- An Air France flight from Paris was escorted by two U.S. Flight 22 from Charles de Gaulle Airport landed safely in New York, an airport official said. Air Force F-15 fighters were launched as precautionary measure to monitor the flight as it returned to New York, said Navy Lieutenant Commander Richlyn Ivey, a spokeswoman for U.S.

  • Threats to 6 international flights cause scare Monday, 25 May 2015 | 12:13 PM ET

    NEW YORK— Anonymous telephone threats against commercial airliners on Monday, possibly from the same source, caused a scare involving at least six international flights at airports in New York, New Jersey and Massachusetts. In one instance Monday morning, U.S. military jets escorted an Air France flight into New York City after someone claimed a chemical...

  • NEW YORK, May 25- An Air France flight from Paris was escorted by U.S. fighter jets to New York's John F. Kennedy International Airport on Monday after an anonymous threat was made against the flight, according to WABC television. Citing an unnamed senior U.S. official, ABC News said the Maryland State Police Fusion Center, which handles intelligence gathering,...

  • *Volumes thin with London, Frankfurt and New York closed. LONDON, May 25- European equities fell on Monday, with the Spanish and Greek stock markets hit by investors' concerns over Greece's debt problems and a poor local election result for the Madrid government. Athens' main index equity index fell 1.2 percent after Greece's interior minister said on Sunday the...

  • Global stocks mostly higher in quiet trading day Monday, 25 May 2015 | 4:49 AM ET

    BEIJING— Asian stocks were mostly higher Monday on a quiet trading day with Hong Kong, Wall Street and London closed for holidays. London and Frankfurt were closed for holidays. Wall Street is closed Monday for Memorial Day.

  • Greek, French, Italian shares fall in thin trading Monday, 25 May 2015 | 4:44 AM ET

    LONDON, May 25- European equities fell on Monday, tracking Friday's losses on Wall Street and as a Greek minister said Athens cannot make debt repayments next month unless Greece reaches a deal with its creditors. Greece's ATG index fell 2.5 percent on the comments by Interior Minister Nikos Voutsis during a weekend TV show. The benchmark French CAC 40 index was...

  • LONDON— With its classic red phone booth, pub, and medieval church, Harmondsworth's center looks quintessentially British. Harmondsworth is under threat because London and southeastern England need more airport capacity to meet the growing demands of business travelers and tourists. Heathrow and rival Gatwick, 30 miles south of central London, have offered...

  • SINTRA, Portugal, May 25- Celebrated among Europe's elite as a model of how to reform an economy after a debt binge, Portugal's enthusiasm for change has waned as Europe loses its appetite for further belt-tightening. They have declared Portugal, following on the heels of Ireland, a recovery success story after a debt crisis that started with a financial crash and...

  • ATHENS, Greece— Greece will continue paying its debts, after its ruling Radical Left Coalition narrowly rejected a call by party hardliners to miss its next International Monetary Fund loan payment. This was just the latest push in Greece to miss an IMF payment. Greece owes a total of 1.56 billion euros in June.

  • WARSAW, May 24- Poles voted for a president on Sunday in a run-off that is too close to call but has already sounded a warning for the ruling Civic Platform as it looks to re-election later in the year. Originally seen as a shoo-in for a second five-year term, incumbent Bronislaw Komorowski finds himself neck and neck with his conservative challenger, Andrzej Duda,...

  • LONDON, May 24- For Rivka Micklewaite and fellow students, securing a pledge this week from Oxford University to avoid direct investments in companies producing coal or tar sands is just the beginning. The second-year engineering student from Balliol College is not alone. Norway's $900 billion sovereign wealth fund and the Church of England are among recent...

  • WARSAW, May 24- Poles voted for a president on Sunday in a run-off that is too close to call but has already sounded a warning for the ruling Civic Platform as it looks to re-election later in the year. Originally seen as a shoo-in for a second five-year term, incumbent Bronislaw Komorowski finds himself neck and neck with his conservative challenger, Andrzej Duda,...

  • DUBAI, May 24- OPEC is unlikely to change its production ceiling when the group meets in June, Iran's Oil Minister Bijan Zanganeh said on Sunday, according to the semi-official Mehr news agency. "Lowering OPEC's production ceiling requires consensus between all members... under current conditions it seems unlikely that the OPEC production ceiling will change,"...

  • BEIJING— At first, the numbers and company names flashing on a big board in Beijing's financial district suggest a booming market. The lights from the Beijing Environment Exchange— one of seven pilot markets in China for trading carbon— raises questions for the country as it prepares for next year's roll-out of a nationwide system that could help the world's...

  • Nigerian airlines cancel flights amid fuel crisis Saturday, 23 May 2015 | 10:06 AM ET

    LAGOS, Nigeria— Nigerian airlines grounded flights Saturday and radio stations were silenced as a months-long fuel shortage aggravated by striking oil tanker drivers worsened in Africa's biggest oil producer. Normally bustling roads in Lagos, a metropolis of 20 million, were half-empty and gas stations closed Saturday. Aero Contractors, one of Nigeria's...

  • DIARY- Top Economic Events to June 4 Friday, 22 May 2015 | 8:01 PM ET

    SINTRA, Portugal- European Central Bank board member Vitor Constancio chairs session 2 on "Structural Perspectives on European Employment, Productivity, and Growth in a Global Context" at an ECB forum on Central Banking "Inflation and Unemployment in Europe"- 0800 GMT. SINTRA, Portugal- Federal Reserve Vice Chair Stanley Fischer participates in a panel...

  • Overall, U.S. drillers reduced the number of active rigs by just one this week, oil services company Baker Hughes Inc said. In the latest week, drillers added three oil rigs in the Niobrara basin in Wyoming and Colorado and two in the Eagle Ford in South Texas, according to the closely followed report. The Permian basin in western Texas and eastern New Mexico, the...

  • NEW YORK, May 22- Oil fell more than 1 percent on Friday as a rallying dollar and profit-taking ahead of a long U.S. holiday weekend cut short a two-day run-up in crude prices. Drillers cut the number of U.S. oil rigs in operation by just one this week, the strongest sign yet that a nearly six-month slump in activity was ending, data from oil services firm Baker Hughes...