UK retail sales post surprise rise in July

British retailers reported an unexpected rise in sales in July, and much higher sales than previously thought in June, data showed on Thursday, boosting hopes that the UK's recession may not be as deep as feared.

Greece to ask for 2-yr extension of austerity-plan, Germany says no

ATHENS: Prime Minister Antonis Samaras will call for a two-year extension to Greece's austerity programme when he meets Angela Merkel and Francois Hollande next week, a newspaper reported on Wednesday.

Economic Crisis Now an Olympic One

The economic crisis hitting Europe's most troubled nations hasn't spared their Olympic performance.

Euro Falls Amid Concern Crisis Worsening, Global Growth Slowing

The euro declined versus the dollar for the first time in three weeks as signs of slowing global economic growth added to concern Europe’s sovereign-debt crisis is worsening, damping appetite for riskier assets.

Eurozone debt crisis: Clouds gather over Spanish Prime Minister Mariano Rajoy as EU bailout nears

MADRID: Spanish Prime Minister Mariano Rajoy faces a cloudy return from his short summer break as his expected request for European aid in September will spur protests on the street and deepen cracks emerging in his conservative People's Party.