Business - European Economy

LONDON (AFP) - The leading stock exchange held steady on Friday while British Airways and Spanish carrier Iberia presented details of a merger. Full Story »

LONDON - European stock markets awaited direction from Wall Street on Friday despite the news that the recession in the 16-country eurozone was over. Full Story »

LONDON (AFP) - European stock markets edged upwards on Friday as traders digested news that the eurozone is free of recession, while British Airways and Spanish carrier Iberia presented details of a merger. Full Story »

FRANKFURT (AFP) - Germany is well into recovery, official data showed Friday shortly before the government's own advisers slammed "deceptive" plans to reduce ballooning debt in Europe's biggest economy. Full Story »

MADRID - Spanish airline Iberia SA, poised to merge with British Airways PLC, reported Friday a loss of euro16.4 million ($24.5 million) in the third quarter, compared to a profit of euro30.4 million a year earlier, as the economic crisis sapped demand for air travel. Full Story »

LONDON - The 16-country eurozone has officially joined the United States and Japan out of recession, after figures Friday showed its economy grew by 0.4 percent in the third quarter from the previous three-month period. Full Story »

BRUSSELS (Reuters) - The euro zone economy jumped out of recession in the third quarter, data showed on Friday, but with slightly less spring than expected after growth in the area's top three economies fell short of market forecasts. Full Story »

LONDON (Reuters) - The U.S. dollar eased on Friday after overnight gains and ahead of euro zone growth data, boosting metal and crude prices, while world stocks drifted higher. The dollar (.DXY) rose overnight against a basket of currencies but succumbed to another sporadic bout of profit-taking, and traders said the currency's broad weakness was likely to continue over the longer term. Full Story »

MILAN - Italy's top security official said Thursday that authorities have smashed an international terror cell with the arrest in Italy and elsewhere in Europe of 17 Algerians who were raising money to finance terrorism. Full Story »

LONDON (AFP) - The leading stock exchange rose on Thursday on signs that government stimulus policies and record-low interest rates are helping to drag the global economy out of recession. Full Story »

MOSCOW - President Dmitry Medvedev laid out his plan Thursday to move Russia's economy into the modern age and overcome the grim industrial legacy of the Soviet Union. Full Story »

Rising oil prices could imperil a modest increase in crude demand and the recovery of the global economy, the International Energy Agency said Thursday as it raised its outlook for oil demand this year. Full Story »

MADRID - Spanish telephone company Telefonica SA said Thursday its 3rd quarter net profit dipped 0.6 percent compared to the same period of last year as the company took in less revenue in a recession-plagued economy. Full Story »

ROME - The head of a U.N. food agency called on people around the world Wednesday to join him in a day of fasting to highlight the plight of undernourished people, whose ranks have surged past 1 billion in the global economic crisis. Full Story »

LONDON (AFP) - London's FTSE 100 climbed at the start of trading on Wednesday, adding 0.69 percent to 5,266.82 points. Full Story »

BRUSSELS (Reuters) - The European Union will hold a special summit on November 19 to name a president and foreign policy chief, but diplomats say agreement on the appointments has still not been reached. Full Story »

THE HAGUE, Netherlands - Dutch prosecutors said Tuesday they have arrested a 43-year-old Somali man wanted by U.S. authorities for allegedly financing Islamic extremist terrorists. Full Story »

BRUSSELS (AFP) - The days of taxed-to-the-hilt smokers bulk-buying cigarettes in cheap eastern European countries could be numbered following an agreement between European Union finance ministers on Tuesday. Full Story »