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News
IMF issues austerity cuts warning
Inappropriate spending cuts could "strangle" growth, so austerity measures should be tailor-made by each country, the head of the IMF warns.
EU 'should control' Greek budget
A leaked German plan proposes a eurozone "budget commissioner" to take control of Greece's tax and spending, as talks on a new bailout continue.
Cruise ship fuel pumping delayed
Preparations to pump fuel from the wreck of the cruise ship Costa Concordia are suspended, as divers find a 17th body.
Azarenka stuns Sharapova in final
Victoria Azarenka beats Maria Sharapova 6-3 6-0 in the Australian Open final to win her maiden Grand Slam title and become the new world number one.
Fitch downgrades Italy and Spain
Five eurozone economies, including Italy and Spain, are downgraded by rating agency Fitch, citing financial weakness during the debt crisis.