UK trade deficit widens as exports slip

Economists said figures from the Office for National Statistics (ONS) suggested the economy failed to achieve any growth in the first three months of the year, when the trade deficit on goods and services rose to £3.4bn in February from £2.5bn – far worse than forecasts of an improvement to £2bn.

Spain urges prudence in comments on economy, reforms praised

Spain urged its EU peers to be "prudent" when making comments about its economic woes on Wednesday following criticism from France and Italy, even as it got praise for its reforms from across the bloc.

European stock markets rocked by panic selling as debt crisis reignites

Europe's sovereign debt crisis exploded back into life on Tuesday, with markets across the continent rocked by a wave of panic selling amid renewed fears about the impact of savage austerity measures in Spain and Italy.

Spain 'headed towards' 2013 financial crunch

Spain, sucked back into the centre of the eurozone debt crisis, is headed towards a financial crunch in 2013 that may force it to seek international help, analysts warn.

Euro crisis fears leave world's richest poorer by $9 bn

NEW YORK: The 20 wealthiest people on Earth lost a combined $9.1 billion this week as renewed concerns that Europe's debt crisis might worsen drove the Standard & Poor's 500 Index to its largest decline of 2012.