LONDON - European Central Bank President Mario Draghi has moved closer to launching sovereign debt purchases and data this week will show just how dangerously low inflation has fallen in the $13 trillion euro zone economy.
NEW YORK - World stock markets and oil prices rallied on Friday, fuelled by hopes for global growth after China rolled out a surprise interest rate cut and the European Central Bank indicated it would step up asset purchases to boost the euro zone economy.
FRANKFURT - European Central Bank President Mario Draghi threw the door wide open on Friday for more drastic measures to prevent the euro zone from sliding into deflation, promising to use whatever means necessary as China also acted to boost its sagging economic growth. | Video
LONDON - Stagnation in the euro zone, recession in Japan and geopolitical crises have increased concerns about the state of the global economy, British Chancellor George Osborne said on Friday.
LONDON - Italian finance minister Pier Carlo Padoan said more action from the European Central Bank would be welcome to revive growth in the euro zone.
LONDON - Commercial banks' lacklustre appetite for its almost free money could leave the European Central Bank struggling to prime the fragile euro zone economy with another trillion euros as planned.
LONDON, Reuters - Euro zone business growth has been weaker than any forecaster expected this month and new orders have fallen for the first time in more than a year despite further price-cutting, a survey showed on Thursday. | Video
LONDON - FTSE fell for a second day on Thursday, hit by weak economic data from the euro zone and China and a profit warning from energy supplier Centrica.
BRUSSELS - Euro zone consumer confidence defied market expectations of improvement and fell in November, a flash estimate from the European Commission showed on Thursday.
LONDON/BEIJING/NEW YORK - Surveys sounded warning bells for the global economy on Thursday as euro zone businesses grew less quickly than any forecaster expected, and China and U.S. factories lost momentum.
FRANKFURT - U.S. electric carmaker Tesla Motors is in talks with Germany's BMW over a possible alliance in batteries and light-weight components, Tesla's Chief Executive Elon Musk told German weekly Der Spiegel.
TOULOUSE France - Protesters clashed with police in southern France on Saturday over the death of a young activist killed by a police grenade, in the latest of a series of demonstrations which have embarrassed the Socialist government.
ROME/NICOSIA - Italy's coastguard said it has rescued more than 600 migrants in the Mediterranean Sea between Sicily and North Africa this weekend and started a search for one man feared drowned during the passage.