Author : EW News Desk Team

With the aim of saving 27 billion euros ($36 billion) in 2012, the Spanish government has announced almost 17 percent in budget cuts, a budget that the government says...

Africa’s development efforts could be at risk of stalling, said a representative from the International Energy Agency (IEA) on Sunday, after new figures showed that African countries were paying...

The once-thriving Greek port city of Perama – just 14.48km away from the capital of Athens – could be on the verge of a “humanitarian crisis”, said global humanitarian...

State-owned Chinese oil company PetroChina announced this Thursday that it pumped 2.4 million barrels of oil per day last year – overtaking Exxon Mobil’s 2.3 million bpd to be...

U.K. police were forced to shut down numerous petrol stations across the nation on Thursday, after motorists went into a panic-buying spree – that began on Wednesday – following...

Italians were left shocked on Thursday after two men – in separate incidents – publicly set themselves on fire as part of a suicide attempt, following months of pressure...

Overseas investors in the Japanese government bond market have sold more than 2 trillion yen ($24 billion) in bonds over the last two weeks, claimed the Wall Street Journal...

Pope Benedict XVI, on a ‘spiritual pilgrimage’ to Cuba, has criticised the US trade embargo on Cuba, saying it has ‘unfairly burdened’ Cubans. At his farewell speech in Havana’s...

Finance ministers from the BRICS bloc have raised the idea of setting up a common development bank. This comes at the time when many questions have been raised over...

The International Finance Corporation, the World Bank’s private-sector lending arm, will invest up to $3.5 billion in Sub-Saharan Africa this year, claimed a report by Reuters on Wednesday, as...