
An attempted-rape charge against IMF Managing Director Dominique Strauss-Kahn may put an end to his prospects of running in the French presidential election even as his party called for calm and unity until the claims have been verified.

French Foreign Trade Secretary Pierre Lellouche said he had witnessed ‘strong tensions’ among Mercosur members during negotiations with the European Union for a free trade agreement.

The world's main trading nations remain divided over a global trade deal despite a compromise plan put forward by the European Union to rescue the stalled Doha trade round, the EU trade chief said.

The eight nation Arctic Council agreed steps on Thursday to make the region safer and promised to study ways to prevent oil spills as fast-melting ice and snow open access to rich mineral and petroleum resources.

German Chancellor Angela Merkel expressed support for Italy’s Mario Draghi as the next president of the European Central Bank, removing the final obstacle to his appointment to Europe’s top monetary post.

Japan's current account surplus fell by 34.3% in March compared with the same month a year ago, after a massive quake and tsunami devastated exports, according to the latest release from the Ministry of Finance.

A research expedition in the Baltic Sea has yielded spectacular photos of surprisingly colourful life below the calm surface. But the images also reveal a more sinister reality -- the alarming spread of dead zones threatening aquatic life.

Consumers will no longer risk inadvertently buying textiles that contain real fur or leather, thanks to new textile labeling rules approved by the European Parliament.

The existence of ‘inconveniences’ with Mercosur largest economies is delaying reaching a trade agreement with the European Union, according to Germany’s Ambassador before the government of Paraguay, Claude Robert Ellner.

The European Commission is planning to reform the EU fishing industry by giving vessels quota shares guaranteed for periods of at least 15 years. The commission will issue a proposal on reforming the Common Fisheries Policy, CFP, in July, to take effect in 2013.