Euro-zone unemployment rose more than economists expected in January and inflation slowed. The jobless rate in the Euro zone increased to 8.2%, the highest in more than two years, from 8.1% in December, the European Union statistics office in Luxembourg said Friday.
The biggest challenge facing China is not slowing growth but unemployment, which could trigger social unrest, a Chinese government minister has said. Commerce Minister Chen Deming told the BBC that when economic growth slowed the chances of possible social unrest increase as well.
Ten years after the historic treaty banning antipersonnel mines became binding international law campaigners in some 60 countries around the globe are taking action this week to once again draw the world's attention to the horrific consequences of landmines and to call for renewed efforts toward a mine-free world.
The Scandinavian region economic downturn was highlighted this week when Denmark confirmed it was in the worst recession in three decades while output in Sweden and Finland shrank the most in at least 17 years.
Japan's economy is sinking deeper into recession, the country's finance minister has warned, as new figures show industrial production plunged a record 10 per cent in January.
A massive yet enigmatic mountain range as big as the Alps lying deep beneath Antarctica's ice has been surveyed in detail for the first time. The expedition, one of the most ambitious and challenging during International Polar Year, has captured the first clear picture of the mysterious Gamburtsev sub-glacial mountains.
Brazil defended political diversity in Latinamerica and the change of attitude of the region towards the Cuba issue during the first official meeting in Washington of a Latinamerican representative with the highest ranking officer of President Barack Obama administration, Secretary of State Hillary Clinton.
Former Royal Bank of Scotland boss Sir Fred Goodwin has written to the Treasury indicating he will not voluntarily give up his pension, it has been revealed. Sir Fred is coming under increasing pressure to give up at least part of the pension, worth an estimated ?693,000-a-year, which he is already receiving at the age of 50 under an early retirement deal agreed with the RBS board when he was forced out last October.
A British bishop whose denial of the Holocaust embroiled Pope Benedict XVI in controversy has apologised for his remarks, a Catholic news agency said. Bishop Richard Williamson, with the conservative Society of St Pius X, had faced worldwide criticism over a television interview in which he said no Jews were gassed during the Holocaust.
The United Kingdom Treasury has launched a taxpayer-backed scheme to insure banks' riskiest assets against further losses. The scheme aims to clean up banks' balance sheets and to encourage them to lend more freely.