Italy's agriculture minister defended his sponsorship of McDonald's new all-Italian burger Monday amid criticism that he is selling out to a multinational corporation.
Leaders across continent vow fiscal austerity in response to loss of confidence that is pummeling the euro and rippling across global markets.
An Australian banker who became an internet sensation after he was caught on live television viewing images of a scantily clad supermodel on his computer will keep his job.
Fears of another crisis spiral for the world economy deepened after a Portuguese austerity plan was defeated, triggering concern that the crisis in that country and in Greece could worsen.
Just as America’s recession begins to ebb, trouble is brewing in Europe that may prolong a downturn and ricochet through the global economy as it struggles toward a recovery.
Toyota Motor Corp., grappling with spreading safety problems that are battering its image, returned to profit in the October-December quarter and raised its annual earnings forecast.