Europe
  • The world could face a food crisis of the kind seen in 2007/08 if countries restrict exports on concerns about a drought-fuelled grain price rally, the UN's food agency warned on Thursday, after reporting a surge in global food prices in July.

    LAST UPDATE : Aug 21, 2012, 9:19 AM EDT
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  • LONDON (AP) — It's been a tense summer in the City of London as one bank after another has faced allegations of massive misbehavior.

    Bankers in the British capital, which has for centuries been a center for global business, fear its reputation has been tarnished indelibly and that a heavy-handed regulatory crackdown is looming.

    LAST UPDATE : Aug 21, 2012, 4:21 AM EDT
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  • Britain's economy will stagnate this year, the Bank of England has forecast, raising expectations that more stimulus measures will be needed.

    LAST UPDATE : Aug 21, 2012, 4:21 AM EDT
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  • This photo taken on June 23, 2012 shows mining work at the open pit section of the Oyu Tolgoi gold and copper mine which is operated by Rio Tinto and Ivanhoe Mines and is due to begin large scale production due next year in south east Mongolia.  Mongolia, a former Soviet satellite state, has struggled to develop a sustainable economy since turning to capitalism two decades ago but its rich deposits of copper, gold, uranium, silver and even oil have caught the eye of foreign investors. Mining now accounts fo

    Global miner Rio Tinto stuck to its $16 billion spending plans, despite first-half profit falling by a third, predicting a modest picku pin the Chinese economy later this year that should stimulate demand for iron ore.

    LAST UPDATE : Aug 21, 2012, 4:21 AM EDT
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  • Standard & Poor's cut Serbia'scredit rating and three members of the EU candidate's central bank resigned on Tuesday in a growing crisis over the independence of monetary policy under a new Socialist-led government.

    LAST UPDATE : Aug 21, 2012, 3:16 AM EDT
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  • Xstrata said shareholders will vote on Sept. 7 on the miner's planned $26 billion takeover by Glencore, effectively giving the commodities trader and rival investor Qatar Holding six weeks to hammer out an agreement on the terms of the offer.

    LAST UPDATE : Aug 21, 2012, 2:02 AM EDT
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  • Italy shrank further into recession in the second quarter for a 2.5% yearly decline, data showed on Tuesday, threatening attempts by Mario Monti's technocrat government to control a debt crisis that is undermining the euro zone.

    LAST UPDATE : Aug 21, 2012, 12:06 AM EDT
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  • The Dutch sportscar maker says the U.S. firm bankrupted the Swedish group by blocking a deal with a Chinese investor.

    LAST UPDATE : Aug 20, 2012, 6:18 PM EDT
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  • Europe's politicians are being told to watch their language when it comes to debating the future of the single currency.

    LAST UPDATE : Aug 20, 2012, 6:18 PM EDT
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