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IAG Hints at Axing Jobs as BA and Iberia Parent Group Posts H1 Loss
IAG revises its full-year guidance to a "small loss" due to economic conditions in its Spanish home market and soaring fuel costs.
Eurozone Crisis: Ailing Spanish Banks to Receive €30bn Initially
Eurozone finance ministers also extend deadline for correction of excessive deficit by one year to 2014 for Spain.
EU Summit: Growth Package Gets Nod as Italy and Spain Gain Support [VIDEO]
European leaders agree to take action against spiralling borrowing costs of Spain and Italy.
Greek Parties Latch On To Spain Bailout Ahead of Elections
New Democracy, Pasok and Syriza, all try to make political capital out of Spain's bailout.
Markets and Euro Surge after Spain's Bank Deal [VIDEO]
The MSCI Asia Pacific index, Hong Kong's Hang Seng and China's Shanghai Composite index all witnessed rises.
Depositors Swarm German Banks as Banking Crisis Grips Eurozone Peripheral Economies
German banks and the German branches of foreign lenders record a surge in deposits due to the banking crisis in the euro area.
Australia GDP Growth and EU Economic Stimulus Hopes Lift Asian Markets
Australia's economy grew 1.3 percent in the first quarter of the year and recorded a 4.3 percent year-on-year growth.
G7 to Hold Emergency Talks on Eurozone crisis, Spain Tops Agenda
Spain's fate in the euro area would top the agenda of discussions at the G7 emergency conference call.
Spain’s Bankia Selling Stake In British Airways Owner IAG
Bankia and parent company BFA plan to sell its holdings in IAG and other companies to raise much-needed capital.
G8 Summit: Top 10 Agenda Items From Talks
Apart from eurozone crisis, the summit concentrated on a whole range of issues including Afghanistan and Iran.
G8 Summit Pledges To Save Greece, Euro Zone And The World Economy
Leaders stress importance of cohesive eurozone and the need for Greece's continuation in the bloc.
Euro Drops against Dollar and Yen: What would be the Future of Single Currency after G8?
Euro is treading in negative territory due to concerns of Greece crisis contagion.
Top 10 Likely Issues at G8 Summit
From the eurozone crisis to Afghanistan, Syria and rising global oil rises are likely to figure at the summit.
Will Euro Touch Its 2012 Lows?
The downtrend in the euro (EUR) seems set to last in the coming weeks as the single currency continues to come under pressure due to political uncertainty, sovereign debt crisis, and deepening recession in the eurozone.
Thousands March in Spain to Mark First Anniversary of Protest Against Austerity
Spain's Indignados fill streets to march against austerity measures that have not brought any improvement to the country's economic situation.
Euro Nears To Two-Year Low Against Pound on Bleak Data
The euro continued to weaken against the British pound to reach a near-two-year low on Wednesday, after the release of dismal economic data showing that the region is heading towards a deepening recession.
Downtrend in Spain’s Unemployment Rate Could Continue
The downtrend in the unemployment rate of debt-stricken Spain is expected to continue in the coming months, as the deepening recession along with austerity measures likely to weigh on the labor market in the nation.
Resilience in Eurozone’s Growth Proves To Be Short-lived
The improvement in Euroarea’s economic activity in early 2012 proved to be temporary, as the re-emergence of sovereign debt crisis again strongly weighed on the region’s manufacturing activity in April.
IMF Secures £199bn to Deal with Eurozone Crisis
Though considerable progress has been made to tackle eurozone crisis, it remains single largest threat to world economy.
Moody's Lowers UK Outlook and Downgrades Six Others
UK's AAA credit rating in danger after Moody’s puts country on negative watch along with France and Austria.
The Hottest Travel Destinations in 2012
British holidaymakers may be planning to holiday in 2012, but which destination to choose?
Scotland Yard Detectives Fly to Spain in Hunt for Madeline McCann
A team of Scotland Yard officers has flown to Spain to investigate Madeleine McCann's disappearance four years ago.