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The front-runner in France's presidential race vowed Thursday that if elected he'll bring the state's bloated deficit under the European Union's 3-percent target by next year by slashing tax breaks for corporations and the rich.
The Socialist candidate for France's presidency attempted to consolidate his front-runner status on Sunday with a pledge to pull French troops out of Afghanistan and to combat international financial speculators that he blamed for much of the country's problems.
A belly-up ferry operator took center stage in France's presidential election campaign after a court ruled Monday it should be liquidated, a decision that jeopardizes the jobs of its nearly 900 French employees.
With glittering fireworks and star-studded celebrations from New Zealand to Times Square, the world eagerly welcomed a new year and hoped for a better future Saturday, saying goodbye to a year of hurricanes, tsunamis and economic turmoil that many would rather forget.
European Central Bank chief Mario Draghi hinted the bank is prepared to play a bigger, yet limited role in the resolution of Europe's debt crisis — but only after the 17 countries that use the euro tether their economies more tightly.
European voters are in a "throw the bums out" mood, ejecting nine governments since the debt crisis began, but no matter how down they feel about their leaders and economies, one thing they don't reject is the euro itself.
The G-20 summit ended in disarray Friday without additional outside money to ease Europe's debt crisis and new jitters about Italy clouding a plan to prevent Greece from defaulting.
Italian Premier Silvio Berlusconi conceded Tuesday he no longer had the support to govern and announced he would resign like his Greek counterpart, becoming the biggest political casualty yet of the European debt crisis.
French President Nicolas Sarkozy will hold emergency talks Wednesday with European leaders in a last-ditch bid to salvage his Group of 20 meeting of world leaders this week after the shock decision by Greece's prime minister to put his country's financial rescue to a popular vote.
Tour de France riders will face steeper mountain climbs and longer time trials, making for a wide-open race aimed to give stars like defending champion Cadel Evans and Alberto Contador plenty of challengers.
Air France chief executive Pierre-Henri Gourgeon resigned Monday and was replaced by Alexandre de Juniac in a shake-up the group said was necessary to improve its "operating and financial performance."
The finance chiefs of the world's leading economies opened the door Saturday for the International Monetary Fund to play a bigger role in fighting the eurozone's escalating debt troubles.
Renewed hopes that Europe is close to agreeing a package of measures to deal with its debt crisis helped shore up market sentiment on Wednesday, sending stocks and the euro sharply higher.
France's Socialists and sympathizers on Sunday are choosing their nominee for next year's presidential election — an expected showdown with embattled conservative President Nicolas Sarkozy.
Dexia is in negotiations to sell off its Luxembourg affiliate to a group of international investors and the Luxembourg government, the troubled Franco-Belgian bank said Thursday, in what is likely to be the first step in a massive rescue and restructuring.
President Nicolas Sarkozy's government has bowed to economic reality, admitting its growth forecasts were overly rosy and announcing an euro11 billion ($16 billion) austerity package in a bid to ensure that France doesn't miss a vital pledge to cut its deficit.
The leaders of France and Germany are pushing all 17 nations that use the euro to enshrine balanced budgets in their constitutions and want greater collective governance of the eurozone.
The leaders of Germany and France are meeting Tuesday to discuss Europe's debt crisis as new figures show their economies stalled even before the latest bout of turmoil struck financial markets.
A small town in Provence is attracting more vacationing families by turning a stretch of sun-drenched Mediterranean seafront into what it calls the first non-smoking beach in France.
Airbus parent company EADS NV said Friday its first-half earnings fell from a year earlier as the impact of the weakening U.S. dollar offset higher commercial and military jet sales and record orders for its new A320neo fuel-saving jet.
French oil company Total SA said Friday that the weakening U.S. dollar hit its second-quarter profits but that successful exploration in Bolivia and Angola would help to underpin future growth.
It was a Tour de France many hailed as a classic. There were crashes, dropouts, surprises and, above all, a new champion.
The plane making one of the biggest splashes at the Paris Air Show carries a grand total of one person and is often delayed because there's too much wind or too little sun.
Airbus is trouncing Boeing in the race to be the world's biggest planemaker, claiming over $72 billion dollars worth of orders and commitments at the Paris Air Show, where the popularity of its new fuel-efficient jets twice broke records for the largest order ever.
Christine Lagarde's bid to head the International Monetary Fund could face new scrutiny now that Greece's worsening debt storm risks toppling one of her candidacy's key pillars — her track record shepherding the eurozone through the worst crisis of its 12-year existence.
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