Divisions Grow as a Downturn Rocks Europe

PARIS — Six years after being struck by economic crisis, Europe is facing a fresh downturn, with few new ideas on the table for reigniting growth and deepening political divisions over the austerity policies that many blame for worsening the malaise.

Labour row clouds French job-creation summit

Paris (AFP) - French President Francois Hollande on Monday kicks off a summit with business leaders aimed at creating half a million vitally-needed jobs in return for lower taxes, but a labour row threatens to mar the event.

EU sets economic priorities for next five years

BRUSSELS — Leaders of the European Union (EU) said that they have set economic priorities for the next five years, media reported Saturday.

Rising U.S. economy could help Democrats stave off election loss

(Reuters) - Here's a riddle: Many Republicans deny it's happening. Some Democrats don't want to talk about it. What is it?

Davos 2013: Fight complacency on fixing economies, says OECD chief

DAVOS: One economic expert at Davos says there's no rest for the weary: governments must not back off from making unpopular reforms that will help their economies grow faster.

'Fiscal cliff' talks stalled for now, but progress possible

WASHINGTON: US lawmakers have made little progress in the last 10 days toward a compromise to avoid the harsh tax increases and government spending cuts scheduled for Jan. 1, a senior Democratic senator said on Sunday.