European Commission is to examine aid paid out by the German government to car manufacturers BMW and Volkswagen. The money has been pledged to promote projects in eastern Germany.
Europe’s debt crisis has entered a new phase and policy makers must come up with a “clear” response to stop the contagion that threatens the region’s single currency, said the European Central Bank’s incoming President Mario Draghi.
European Commission has unveiled major plans to reform the EU fishing industry and stop catches being wasted. The proposal, due to take effect from 2013, would give fleets quota shares guaranteed for at least 15 years.
Rupert Murdoch's News Corporation has announced that it is dropping its planned bid to take full ownership of satellite broadcaster BSkyB. The announcement came as the House of Commons prepared to vote for a motion supported by all major party leaders calling on Mr Murdoch to do so.
Brazil’s two biggest cities are getting more and more costly and are more expensive places to live in than New York, according to the annual cost of living study released Tuesday by business consulting firm Mercer.
The United Nations marked on Monday July 11, World Population Day, with Secretary-General Ban Ki-moon stressing that ending global poverty and inequality was the key to unleashing the great human potential for prosperity and peaceful coexistence.
Between 2003 and 2009, nearly 950,000 people per year emigrated from the Americas to countries of the OECD and of this total, nearly half went to the United States, and a fourth to Spain, according to the First Report on International Migration in the Americas.
China has secured its first top-level post at the International Monetary Fund (IMF) in recognition of its growing power in the global economy. New IMF Managing Director Christine Lagarde appointed Zhu Min to a newly created deputy managing director post.
Police have said that former British Prime Minister Gordon Brown may have been a victim of phone hacking by an investigator working for British newspapers, his spokeswoman said on Monday.
The News of the World newspaper bought contact details about the royal family from a policeman, the BBC reported today, deepening the scandal engulfing the News Corp media empire.