EU Pushes for Reforms to Global Financial System
European leaders on Wednesday called for a new financial world order to prevent future financial breakdowns amid growing signs of a global recession.
Austria's Haider was Drunk During Fatal Car Crash
Austrian far-right politician Joerg Haider was more than three times over the legal alcohol limit when he crashed his car and was killed at the weekend, his party said Wednesday.
Berlin Sends Mixed Messages to Stalling Car Industry
Finance Minister Steinbrueck said Germany would not give state support to the country's auto sector despite its important economic role. But Economy Minister Glos said Berlin would offer support to struggling exporters.
Ukraine Seeks Support From IMF
The International Monetary Fund is sending a team to Ukraine after the former Soviet country requested assistance to help stem a growing economic crisis.
EU Squashes Banana Cartel Over Price Fixing
Banana importers Dole and Del Monte have been fined 60 million euros ($82 million) for running an illegal price-fixing cartel, the European Commission said.
Merkel Rallies for Germany's Bank Bailout Plan
German Chancellor Angela Merkel urged lawmakers to support her government's plan for a financial rescue deal worth 500 billion euros. EU leaders were to discuss their approach to the finance crisis as a summit Wednesday.
In Finance Crisis, Iceland Doesn't Want to Be an Island
With Iceland's economy frozen by the global financial crisis, the tiny Nordic country continues to explore options for recovery, turning to the IMF, Russia and the EU for help.
Financial Crisis: A Glossary of Terms
The global economy has been thrashed for the last year by the financial crisis. Here are some of the most important terms to know to understand the scope of the crisis.