The price of oil plunged by more than 8 per cent to four year lows on Thursday after Opec decided not to lower its output target in spite of months of falling prices that have battered the budgets of many of the cartel's members.
ZURICH�The World Trade Organization reached an agreement on Thursday to modernize global trade infrastructure and regulations, overcoming a monthslong standstill that threatened to derail a conclusion.
European Commission president Jean-Claude Juncker has survived a vote of no confidence in his leadership. MEPs backing the motion said Mr Juncker was unfit to hold office, alleging he presided over tax avoidance schemes in Luxembourg while he was ...
A top European Central Bank official has insisted policy makers must do all they can to boost weak eurozone inflation, in spite of warnings that any extension to the ECB's bond-buying spree could increase risks for the bloc's financial system.
Germany's unemployment rate has hit a record low, but slower inflation has raised concerns over deflation. The Federal Statistical Office revised October's unemployment number from 6.7% to 6.6%, November's figure was also 6.6%.