LISBON, Portugal (AP) - Portugal's prime minister says his government is looking for new savings to meet its budget targets next year after a court disallowed planned cuts in state pensions.
The Constitutional Court rejected late Thursday a government plan to cut state pensions above 600 euros
ATHENS, Greece (AP) - Farmers from the island of Crete are clashing with police outside Greece's parliament as lawmakers prepare to vote on a new property tax that will extend the levy to include farms.
Hundreds of farmers took an overnight ferry to protest in Athens Friday. They hurled oranges
By ROB GILLIESAssociated Press
TORONTO (AP) - BlackBerry is reporting a massive $4.4 billion loss in the third quarter and 56 percent drop in revenue.
The results are the Blackberry's first under new chairman and interim chief executive John Chen.
BlackBerry also announced it is entering in to
TOKYO (AP) - Japan's government announced Friday that it will increase the amount of money it's providing to the operator of the crippled Fukushima nuclear plant to step up cleanup and reconstruction efforts.
The interest-free loans provided to Tokyo Electric Power Co. will be increased to
By TOBY STERLINGAssociated Press
AMSTERDAM (AP) - Europe's top regulator said Friday Google's recent concessions to resolve concerns it is abusing its dominant position in search are not enough.
Speaking on Spanish national radio, European Commission antitrust chief Joaquin Almunia said
By JOE McDONALDAP Business Writer
BEIJING (AP) - China promised Friday to ease restrictions on imports of U.S. beef and to speed up work on opening its market for government purchases of software and other goods.
The pledges came as American and Chinese envoys ended a meeting of the annual U.S.-
By NATALIYA VASILYEVAAssociated Press
MOSCOW (AP) - Russian President Vladimir Putin signed a decree Friday to pardon jailed tycoon Mikhail Khodorkovsky. Here's a look at Khodorkovsky, the implications of his imprisonment and his impending release:
WHO IS KHODORKOVSKY?
At the time of his arrest
By NATALIYA VASILYEVAAssociated Press
MOSCOW (AP) - Mikhail Khodorkovsky, the archrival of President Vladimir Putin and once Russia's richest man, has been released from prison after a decade behind bars, his spokeswoman told the Associated Press on Friday.
In his time in prison on politically
BRUSSELS (AP) - The Standard & Poor's rating agency stripped the European Union of its triple A credit rating in the wake of a bitter budget battle and the debt problems afflicting a number of its members.
However, Friday's one notch downgrade to AA+ is unlikely to cause too many
BERLIN (AP) - The German government said Friday it will borrow less money than planned this year as low unemployment fuels a steady increase in tax income, while a closely-watched survey showed German consumers believe the economic recovery is gaining momentum.
Current plans call for new borrowing
BERLIN (AP) - A survey has found that German investor confidence has jumped to a 7 ½-year high in December on the back of hopes of an economic upturn in Europe.
The ZEW institute said Tuesday that its confidence index, which measures investors' expectations for the next six months, rose to 62
By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - Is this week when the Federal Reserve finally slows its aggressive stimulus for the economy? Or does it want to await more evidence of a consistently improving economy?
It's a close call.
Yet most economists think the Fed will maintain
By COREY WILLIAMSAssociated Press
DETROIT (AP) - Detroit Mayor-elect Mike Duggan said Thursday that he and emergency manager Kevyn Orr will share some of the duties of running the cash-strapped city but the bulk of the financial responsibilities will remain under Orr's control.