An eleventh-hour deal in Cyprus helped Asian and European markets higher on Monday, but analysts warn that "risk-on" may be short lived, with downside risks remaining.
The euro at first welcomed the Cyprus bailout deal, jumping close to half a percent against the US dollar Monday, but later plunged more than 1 percent as investors shifted their gaze to the euro zone's darkening outlook.
Dutch package delivery firm TNT Express said on Monday it will cut 4,000 jobs and focus on Europe after a failed $7 billion takeover by United Parcel Service.
British police searched for radiation and chemicals at former Russian oligarch Boris Berezovsky's home near London on Sunday but found none, and said there was no evidence anyone else was involved in his still unexplained death.
Silvio Berlusconi repeated a demand on Monday to be included in any new Italian government, but there was no sign his center-left rival would renege on a promise not to ally with the tycoon as a way out of political stalemate.
From the successful campaign against trans fats to San Francisco's ban on toys in McDonald's Happy Meals to first lady Michelle Obama's campaign against childhood obesity, it's clear that makers of so-called junk foods face a widening public relations battle. The Christian Science Monitor reports.
Benchmark oil prices gained early Monday, reflecting a broader "relief rally" in risk assets, after details emerged that Cyprus had struck the basis of a bailout deal with international lenders.
Investment bankers still get paid much more than other professionals, but for the first time in a generation, the gap is narrowing. The Financial Times reports.
It appears the fight is no longer about whether both of Cyprus large banks will get smaller — they will. The only question is how. Bankers, politicians, and bureaucrats are throwing around all kinds of bank restructuring phrases.
Cyprus plans to contact international lenders on Monday evening to invite them to the island for final talks on a comprehensive aid package for the Greece- exposed island, officials said.
Cyprus held last-minute talks with international lenders on Sunday as doubts grew about whether a deal could be reached to save the Mediterranean island.
Chinese President Xi Jinping warned against foreign interference in other nations' affairs during a speech in Moscow, sending a signal to the West and echoing a message often repeated by Russian President Vladimir Putin.
German business software company SAP will start to employ people with autism as software testers, programmers and data quality assurance specialists across the world.