Saturday, May 18, 2013
The European Central Bank will keep its loose and growth-supportive monetary policy stance in place for “quite a long time,” ECB executive board members said on Friday.
Friday, May 17, 2013
Economic losses from disasters since 2000 are in the range of US$2.5 trillion, a figure at least 50 percent higher than previous international estimates, according to a U.N. report released Wednesday.
British Prime Minister David Cameron suffered an embarrassing blow in parliament on Wednesday when more than a third of his Conservative lawmakers voted against him in protest at his stance on Britain's membership of the European Union.
Thursday, May 16, 2013
Russia and the United States on Wednesday sought to limit the damage to already troubled ties from a new spy scandal that erupted when Moscow caught a blonde-wigged alleged CIA agent who was reportedly seeking information on the Boston bombings.
Greece's conservative-led government on Wednesday announced plans to break up the state-run Public Power Corporation by 2016, as part of a privatization program demanded by the crisis-hit country's creditors.
The recession across the economy of the 17 European Union countries that use the euro extended into its sixth quarter — longer than the calamitous slump that hit the region in the financial crisis of 2008-9.
Wednesday, May 15, 2013
Russia said on Tuesday it had caught an American red-handed as he tried to recruit a Russian intelligence officer to work for the CIA, a throwback to the Cold War era that risks upsetting efforts to improve relations.
Prime Minister David Cameron's Conservative party bowed to pressure from euroskeptic lawmakers on Tuesday and published a bill enshrining in law a promise to hold a referendum on Britain's membership of the European Union.
France's parliament is expected to pass a package of significant labor reforms Tuesday that the government hopes will help stop rising unemployment and jumpstart the country's stagnant economy.
Milan prosecutors on Monday demanded a prison sentence of six years and a lifetime ban from public office for former Premier Silvio Berlusconi in his sex-for-hire trial.