The maneuvering by Chancellor Angela Merkel and other senior politicians in Germany to form a viable new government is important for Europe, and beyond. Unfortunately, the alarming partisan budget standoff in Washington, D.C., preoccupied most related media attention.
AMSTERDAM | The European Union has fined Microsoft 561 million euros ($733 million) for breaking a pledge to offer personal computer users a choice of Internet browsers when they install the company's flagship Windows operating system.
Cambodia, scene of the killing fields of genocide less than four decades ago, has just hosted the seventh East Asia Summit, which brought together leaders of the Association of Southeast Asian Nations, plus Australia, China, India, Japan, Korea and the U.S. The summit concluded Tuesday, on a…
Winemaker Cherie Spriggs had watched the bad weather over southern England's vineyards all season long. It just wasn't good enough for Nyetimber, her award-winning sparkling wine.
A key steel trade association cut its forecast for global steel demand this year on concerns that recovery in steel use could stall in the European Union and Japan and China could show slower growth than a year ago.
WASHINGTON | President Barack Obama warned China Tuesday that it would not be allowed to gain a competitive advantage in world trade by "skirting the rules."
FRANKFURT, Germany | After a turbulent 2011, the 17 countries that use the euro will be quickly confronted in the new year with major hurdles to solving their government debt crisis, just as the eurozone economy is expected to sink back into recession.
The biggest threat to our economy these days comes from Europe. The Greek government borrowed a lot of money that it cannot repay. If Greece defaults the resulting financial crisis could plunge the world back into recession.
The U.S. housing market continues to tank. The Wall Street Journal reported last week that people have lost an average of 23 percent of their home values in the last nine years.
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