A last-minute compromise deal has been reached to avert an immediate budget crisis only to set the stage for months of political wrangling over tax and spending
The problems in the bloc rumble on as electorates vote against austerity, forcing policymakers to consider measures that will stimulate growth and offset the harsher effects of deficit reduction policies
Clashes in the South and East China Seas have escalated significantly over the past two years, with Japan, the Philippines and Vietnam accusing Beijing of upsetting regional stability by aggressively claiming disputed territories and waters
Barack Obama is deliberating over the composition of a new cabinet, choices that will form the backbone of his administration and set the tone for his second term as president
Mario Monti is attempting to safeguard his economic legacy by standing at the head of a centrist alliance in national elections scheduled for February 24-25