Rehn: “It is really high time now to supplement the monetary union with a stronger economic union.” The European Union’s commissioner for economic

Italy has become the latest eurozone member to join the austerity club. Prime Minister Silvio Berlusconi has announced a series of cuts aimed at

The European Commission has unveiled plans to tax banks to make them pay now for future crises. Michel Barnier, the European Union commissioner in

Fears of euro zone countries’ debt problems causing them to default have pushed the euro to a four year low against the dollar and down significantly

German consumer sentiment is likely to fall in June due to uncertainty over the euro zone crisis. That was the conclusion of the latest survey of

The global economy is recovering faster than expected from recession with Asia leading the way, according to the Organisation for Economic

Europe’s Climate Commissioner has warned Europe to take notice of China’s performance in overtaking the EU in production for the renewable energy

Behind the old fashioned shop-front, amid rows of apothecary’s jars, there is a pharmacist in France whose preparations are something

New York rapper Nas has teamed up with Jamaican reggae artist Damian Marley for a new studio album that explores their African ancestry and the roots

Belgium is putting the finishing touches on its programme as EU president. It will take up the rotating position on 1 July amid uncertainty

There are further signs of mounting tension between the two Koreas. Officials expelled from a joint industrial park in the North have returned to

Underwater footage of the Gulf of Mexico oil leak shows the plume getting darker – suggesting heavier, more polluting oil, is pouring out. it comes

Germany is bracing for the worst as rivers in the east of the country continue to rise. Officials have raised the disaster alert status up to

Bengali football fans wait for the Football World Cup in South Africa.

The final touchdown before going into retirement. It has been a smooth landing for the US space shuttle Atlantis at the Kennedy Space Center in

The Mawazine festival in Rabat has been showcasing a wide variety of musical style and rhythm. Among the performers are Sahara Generation, founded

Clearing up has got underway in the Gaza Strip, after a double Israeli air strike.

US Patriot missiles have arrived in Poland as part of a deal to upgrade the NATO nations air defences. The surface to air battery manned by some

There has been an angry reaction to news of Italy’s planned austerity measures. Prime Minister Silvio Berlusconi wants to slash the country’s budget

A controversial new law on citizenship has been passed in Hungary, despite concern voiced in neighbouring countries. It will now be easier for more

South Korean civic groups hold both pro and anti-North Korea rallies as tensions rise on the Korean peninsula over a recent ship sinking.

Thousands of people attended a religious ceremony at a former-protest site in Bangkok on Wednesday (May 26), praying for the country’s good fortune

Clearing up has got underway in the Gaza Strip, after a double Israeli air strike overnight. The worst damage is in Beit Hanoun, where 15 civilians

We have a duty to respond – those were the words from Hillary Clinton today during a visit to Seoul, amid rising tension over the sinking of a South

Heavy rain has forced the evacuation of thousands of people from their homes along the Vistula river, which flows from the southern Tatra mountains

Tourists got a new look at the Parthenon in Athens as much of the scaffolding that has enveloped the temple for years was removed.

Emergency teams are scrambling to contain a 2,500 tonne oil spill into the waters between Malaysia and Singapore after two vessels collided in the

Half a dozen Latin American presidents have gathered in Argentina to help the country mark an important moment in its history. Celebrations are

Israel has carried out overnight air strikes on the Gaza Strip. A disused airport in the south and a Hamas training camp in the north were hit

BP will carry on showing a live video feed as it makes another attempt to plug the gushing Gulf of Mexico oil well. Washington requested that the