Eurozone crisis causes aid cuts to poor, report says

The European debt crisis has led to cuts in government development aid to poor countries, says a new report by the aid watchdog Data. It is the first significant reduction in Europe-wide aid budgets for a decade.

Cyprus to hold crisis talks as bailout looms

(Reuters) - Cyprus' leaders will discuss on Tuesday options for reviving an economy on the verge of succumbing to a bailout, with a debate raging on whether the country should seek aid from the EU's rescue fund or look further afield.

Ten EU nations to press ahead with market transaction tax

BERLIN: Germany and nine other European Union nations will press ahead with plans to introduce a financial market transaction tax, following failed attempt for an agreement to levy it across the EU.

UK risk watchdog set to ease bank buffers

LONDON (Reuters) - The Bank of England's risk watchdog looks set to allow lenders next week to free up billions of pounds from their cash buffers and help haul the economy out of recession.

Investors head to Germany despite euro-zone crisis

CHICAGO (MarketWatch)-- Foreign direct investment in Germany increased by almost 7% in 2011, even in the face of the euro-zone crisis, according to a report released Friday by Ernst & Young.