U.K. GDP expanded slower than expected in the first quarter, just days ahead of a general election in the country.» Read More
The Greek government submitted a draft law to parliament on Tuesday, to quickly pass policies to meet the conditions for the release of further bailout funding.
The European Central Bank's guidance on interest rates extends beyond 12 months, and the bank could pursue other measures to shore up the euro zone, ECB policymaker Joerg Asmussen said.
Wilbur Ross, the U.S. billionaire who has made 65 percent profit on his 2011 investment in a struggling Bank of Ireland (BOI), said he is likely to bid for financial assets in Spain.
The euro has been expected to fall against a broadly robust U.S. dollar for some time and it finally appears to be succumbing to sustained selling pressure.
Europeans worry more about unemployment than any other social or economic problem, such as inflation. Who topped the list? The GlobalPost reports.
Sterling fell to a three-year low against the dollar on Tuesday, as weak data raised concerns that an economic recovery in the U.K. was still some way off.
European politicians backed proposals to increase the number of women on the boards of top European companies on Tuesday.
Greece's economy could shrink by as much as 5 percent this year, the Athens-based IOBE think tank said on Tuesday, revising down its previous projection and offering a more pessimistic forecast than the country's foreign lenders.
The International Monetary Fund downgraded its global growth outlook for 2013 on Tuesday, and warned of three "new risks" that threaten to derail the global economic recovery.
Egypt's interim president on Tuesday named liberal economist and former finance minister Hazem el-Beblawi as prime minister in a transitional government, as the authorities sought to steer the country to new parliamentary and presidential elections.
The trial of the captain of the shipwrecked Costa Concordia cruise liner began Tuesday in a courtroom that accommodates all the survivors and relatives of the 32 victims who want to see justice carried out in the 2012 tragedy, but the hearing was quickly postponed.
A letter from leading French chief executives accusing François Hollande of destroying the economy comes as Nicolas Sarkozy emerges on to the political scene once more.
The corruption scandal surrounding Spanish Prime Minister Mariano Rajoy erupted once more on Tuesday, and one analyst warned that financial markets could be in for more pain.
More clashes between protesters and police have put Turkey's social unrest back in the spotlight, following steps to shore up its weakening currency.
Royal Dutch Shell said its Downstream Director Ben van Beurden would take over as group chief executive from next year, to replace Peter Voser.
British retailer Marks & Spencer posted an eighth consecutive quarterly fall in underlying sales of general merchandise, though the outcome did represent a slowing in the rate of decline.
British house prices are rising at their fastest pace in more than three years, helped by initiatives to reduce borrowing costs.
Daryl Guppy gives you a strategy to trade oil amid the current geo-political risks.
Greece's budget could be back in surplus by the end of the year, although a lot of work still needs to be done in terms of reforms, says IMF's Managing Director Christine Lagarde.
An increasing number of British chief financial officers believe now is the time to take risk onto their balance sheets amid a shift towards expansionary strategies, according to new research by Deloitte.
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Neil Campling, partner at Aviate Global, talks about the recent Apple earnings and whether the growth is sustainable.
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