Portugal was put on notice that its credit rating could be cut and fellow Euro zone debtor Spain had to pay more to issue new debt, suggesting the currency bloc's crisis will rage unabated in 2011.
Spain is slowly emerging from recession but needs to cut spending further and introduce labour market reforms, the Organisation for Economic Co-operation and Development (OECD) has said.
Toyota, the largest car-maker in the world is forecasting a 2% rise in global production across Toyota, Daihatsu and Hino models to 8.69 million units, compared to this year’s expected global output of 8.55 million units. Overseas production next year is expected to rise 6% to 4.81 million units, offsetting a 4% drop in domestic output to 3.89 million units.
The world's five biggest airlines now come from Asia and Latin America, highlighting the industry's shift away from the US and Europe to higher-growth countries, according to recent reports from the International Air Transport Association, IATA.
Brian Hanrahan, one of the most famous BBC correspondents - best known for his coverage of the Falklands War - has died at the age of 61 after a short battle against cancer.
Twitter has raised 200 million US dollars of financing in a deal that value the micro-blogging company at 3.7 billion, less than a year after it began its first serious efforts to make money.
German tax authorities recovered 1.6 billion Euros this year from citizens who had stashed their cash in secret accounts in Liechtenstein and Switzerland, according to the weekly Der Spiegel.
The Chinese government is targeting economic growth of around 8% and inflation of around 4% next year, state television reported this week, citing Zhang Ping, the head of the National Development and Reform Commission.
The nearly 2,060 Royal Caribbean “Brilliance of the Seas” passengers who endured a horrifying early morning in the Mediterranean won't be paying a dime for the experience. The captain announced a full refund for all guests as a result of the 'unfortunate incident, posted Cruise Critic member Lifelong Cruiser, who was onboard.
Miami-based Royal Caribbean swept half a dozen categories in the Travel Weekly awards, including the top spot for cruise line, overall as well as cruise line, domestic and cruise line, Caribbean. Royal Caribbean also won in the category of cruise line, sales and service, and the line's much-promoted new Oasis of the Seas swept the categories of cruise ship, rookie and cruise ship, overall.