As Egyptians and Tunisians vote to replace ousted despots and the Syrian government teeters on the brink, two old imperial powers are competing to exert their political influence over Arab countries in upheaval.
If Europe was as anticapitalist as Americans assume, its companies would be collapsing. But there are 172 European corporations among the Fortune Global 500, compared with just 133 from the United States. more ››
Germany has long insisted that austerity be the primary strategy used in confronting the ongoing euro-zone debt crisis. Italy has now joined France in demanding a more nuanced approach. Prime Minister Monti will present his... more ››
The main significance of the Merkozy summit is that it seemed to signal a shift in emphasis. True, the austerity agenda - promoted by the Germans and grudgingly accepted by the French - is still there. Indeed, Mr Sarkozy... more ››
After weeks of speculation, Standard & Poor's has finally downgraded France, alongside eight other euro-zone countries. Europe's second-largest economy saw its coveted triple-A rating slashed one notch to AA+ by the... more ››