Europe faces a “decade of stagnation” if it does not move on momentous reforms to put its fiscal house back in order, Bank of Canada Governor Mark Carney warned Tuesday.

Ryanair posted forecast-beating full-year earnings on Monday, buoyed by strong growth in fares and a sharp rise in charges for items such as baggage and in-flight refreshments.

Britain called upon its overseas territories to “get their house in order” over the sharing of tax information on Monday as the UK looks to lead a global fight against tax evasion ahead of a meeting of the world's wealthiest states.

Many duped savers at Spanish lender Bankia are shunning a state-supervised compensation scheme in favor of expensive lawsuits, prolonging a misselling scandal and complicating efforts to restore faith in the banking system.

An independent Scotland would have a vastly oversized financial sector that would leave it vulnerable to a Cyprus-style banking crisis, Britain's finance ministry says.

Switzerland is on the brink of a deal to settle a long-running dispute with U.S. authorities over Swiss banks accused of helping wealthy Americans evade billions of dollars of tax, the finance minister said on Saturday.

France has a special responsibility as a eurozone heavyweight to take deficit reduction rules seriously, even though its budget deficit is above target, Bundesbank President Jens Weidmann said in an interview published on Sunday.

Europe's top trade official for the first time late on Friday officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE Corp. for violating anti-dumping and anti-subsidy guidelines.

Moody's has raised Turkey's bond rating to investment grade, the rating agency said Thursday, citing improved economic and public finance measures and progress on reforms.

Argentina has launched a challenge at the World Trade Organization against European Union rules for importing and marketing biodiesel, the WTO said on Wednesday.