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  • Best Buy Exits Europe With Carphone Sale Tuesday, 30 Apr 2013 | 7:07 AM ET

    U.S. retailer Best Buy is selling its 50 percent stake in a joint venture with Europe's biggest independent mobile phone retailer Carphone Warehouse Group back to its European partner for about 500 million pounds (or $775 million).

  • Why Cypriots Are Blaming the ECB for Their Crisis Tuesday, 30 Apr 2013 | 3:56 AM ET

    Increasingly, people on the financially stricken island of Cyprus are focusing their anger on the European Central Bank, the NYT reports.

  • Not What You Thought: Iceland's Real Winner Tuesday, 30 Apr 2013 | 5:21 AM ET
    Sigmundur Gunnlaugsson, leader of Iceland's Progressive Party (L) and Bjarni Benediktsson (R), leader of the Independence Party

    The Independence Party may have won the most votes, but the Progressive Party in Iceland is the real winner of the election.

  • Spaniards Fleeing Hard Times Pack for Latin America Tuesday, 30 Apr 2013 | 1:18 AM ET

    With Spain in the doldrums, many Spaniards are coming to the Americas, where economic indicators point admirably upward, the GlobalPost reports.

  • Italy Will Die From Austerity Alone: Prime Minister Monday, 29 Apr 2013 | 11:19 AM ET

    Italy must focus on reviving its economy and it will lobby its European partners to obtain more growth-oriented policies at the EU level, new Prime Minister Enrico Letta said in his maiden speech to parliament on Monday.

  • Italy's Prime Minister Wins Confidence Vote Monday, 29 Apr 2013 | 11:25 PM ET
    New Italian Prime Minister Enrico Letta

    Italy's new Prime Minister Enrico Letta won his first vote of confidence in parliament on Monday after promising to press for a change to the European Union's focus on austerity.

  • Rio Tinto Aims to Cut Almost Half of UK Jobs Monday, 29 Apr 2013 | 11:35 PM ET

    Mining group Rio Tinto plans to almost halve the size of its London head office, cutting more than 200 jobs as it tries to slash more than $5 billion in costs by the end of next year.

  • Even Volkswagen Now Hurt by Europe’s Troubles Tuesday, 30 Apr 2013 | 1:28 AM ET

    The troubled European car market is now dragging down even Volkswagen, the region's leading automaker. The New York Times reports.

  • Why EU Stimulus Is Back on the Table Monday, 29 Apr 2013 | 9:35 AM ET
    The headquarters of the European Central Bank (ECB) in Frankfurt, Germany.

    Shoot me now: Austerity is bad for your health. Really. Is it any wonder that growth stimulus is back on the table in Europe?

  • Help Wanted: 6,000 Pizza Makers Needed in Italy Monday, 29 Apr 2013 | 12:58 PM ET

    There's a crisis in Italy: It's too hot in the pizzeria and the Italians have gotten out, leaving a shortage of 6,000 "pizzaiuoli," according to the Italian business group FIPE.

  • Novartis Took Doctors to Hooters, Lawsuit Says Monday, 29 Apr 2013 | 5:36 AM ET

    Novartis plied physicians with dinners, speaker fees, fishing trips and outings at Hooters restaurants to get them to prescribe patients more Novartis drugs, the US government alleges. Globalpost reports.

  • Who Cares About an ECB Rate Cut? Not the Euro Tuesday, 30 Apr 2013 | 2:55 AM ET

    Talk of a rate cut usually sends a currency lower. No wonder analysts are puzzled that the euro is holding firm amid speculation that the European Central Bank will lower interest rates when it meets on Thursday.

  • Germany's Bayer has agreed to buy U.S. contraceptive devices maker Conceptus for $1.1 billion, aiming to underpin its position as the world's largest women's healthcare provider.

  • World's Biggest Brewer Suffers as Brazilians Cut Back Tuesday, 30 Apr 2013 | 2:03 AM ET
    AB Inbev

    AB InBev, the world's largest brewer, cut its outlook for full-year growth in its second-biggest market, Brazil, after first-quarter earnings fell short of expectations.

  • Economic Mood in Euro Zone Sours Again in April Monday, 29 Apr 2013 | 6:06 AM ET

    Confidence in the euro zone's economy fell for a second straight month in April and by more than expected, data showed on Monday, strengthening the case for a cut in interest rates this week. Likely of most concern, the pessimism has set in even in Germany, Europe's biggest economy.

  • BP profits outperformed expectations by almost $1 billion in the first quarter of 2013 thanks in part to the high margin nature of new production that came on stream at the end of 2012 and a strong performance from its trading division.

  • Commodity Bulls Struck by Fears of Global Growth Monday, 29 Apr 2013 | 10:48 AM ET
    A young woman looks into her wallet while standing in front of a shop that buys and sells gold in Berlin, Germany.

    Investors are staying away from commodities, fearing that the worst is yet to come after prices plunged on signs of slower world economic growth.

  • Kodak Selling Two Businesses to UK Pension Fund Monday, 29 Apr 2013 | 11:29 AM ET

    The $650 million agreement would also settle the fund's claims of about $2.8 billion against the bankrupt company.

  • Is Italy's Economy Minister Draghi's Man in Rome? Monday, 29 Apr 2013 | 5:46 AM ET

    Now that Fabrizio Saccomanni has "made it" to head the economy ministry, markets may expect him to be the ECB's new man in Rome.

  • Is China on a ‘German-Style’ Growth Plan? Sunday, 28 Apr 2013 | 10:52 PM ET

    China's reform mantra sounds like a German-style plan that looks to combine growth with discipline, says this economist.

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