Draghi defends ECB steps, says now up to governments
BERLIN - European Central Bank President Mario Draghi offered a vigorous defence of the bank's bond-buying plans to a sceptical German audience on Tuesday and said it was now up to governments to follow with decisive policy steps of their own.
Row erupts over EADS/BAE merger ratio
FRANKFURT/LONDON - A row over the ownership ratio in the mooted merger between Airbus parent EADS and Britain's BAE Systems is the latest threat to a proposal which would create the world's biggest defence and aerospace group. | Video
Obama says U.S. will "do what we must" on Iran
UNITED NATIONS - U.S. President Barack Obama declares the United States will "do what we must" to prevent Iran from acquiring a nuclear weapon as U.N. Secretary-General Ban Ki-moon warns against threatening attacks whose consequences would be devastating. Full Article
Fearful Alawites pay sectarian militias in Homs
HOMS, Syria - "Shabbiha" militias in Syria's most shell-shocked city used to offer fellow minority Alawites protection out of solidarity. Now, security comes at a price: About $300 a month. Full Article
As worst euro fears fade, U.S. fiscal cliff looms
The euro zone has stepped back from the brink of disaster for now, but the global economy could soon be staring into another abyss if U.S. politicians fail to head off $600 billion in automatic austerity that all but guarantees a new recession. Full Article
Spain prepares for more painful austerity
MADRID - Spain will announce another round of unpopular austerity measures in a 2013 budget on Thursday, already prompting protests from a public battered by attempts to put the country's finances in order. Full Article
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As Peregrine teetered, founder binged
CEDAR FALLS, Iowa - As the financial shocks of 2008 savaged his business and exposure of his fraud loomed, U.S. futures broker Russell Wasendorf grew increasingly showy and temperamental, sparring with his son and spending erratically. Full Article
Clock ticking on French fracking veto
PARIS - President Francois Hollande's move to leave French shale gas untapped to protect a frayed alliance with the Greens may come back to haunt him as the economy grinds to a halt. Full Article
Obama's balancing act: Free speech v. blasphemy
Sept. 25 - In his U.N. address, U.S. President Barack Obama stresses U.S. distaste for insults to religion while insisting there is no excuse for a violence. Deborah Lutterbeck reports.
Latest Headlines
Romney's campaign into oblivion
A tendency to misspeak during campaigns is something that Mitt Romney arguably inherited from his father. But his failure to capitalise on Barack Obama's weaknesses speaks to far greater problems than a gaffe or two. Commentary
Spain looking to cut corners on bank bailout
Madrid will soon get 100 billion euros to recapitalise the country’s ailing banks, but hints it may end up only using 60 billion. Spain doesn’t seem to grasp that it must be conservative to be credible. Some of its current assumptions look way too optimistic. Commentary
Banks should learn to say "Just Go"
A stream of scandals, weak activity, tightening regulation and poor shareholder returns mean that this year is a golden opportunity to make radical cuts in banker compensation. Those who complain should be told to pack their bags. Commentary | Video
Osborne should take King’s naughty fiscal gift
Mervyn King is at it again. The BoE governor made his support for the government’s austerity drive too plain and is now giving the Treasury excuses to miss its debt target. Chancellor George Osborne should accept the gift. The euro crisis helps the case for looser not tighter policy. Commentary
Why I won't be getting an iPhone 5
Don't get me wrong. I'm not abandoning the iPhone, or any smartphone - at least not yet. But the early-adopter instinct to upgrade to the newest device every year no longer applies. With viable 7-inch tablets starting to appear, this marks the beginning of the end of the smartphone’s dominance over our hearts and minds. Commentary
Globalisation, the tech revolution and the middle class
We are simultaneously living through a time of positive economic innovation and a time of the painful erosion of the way of life of many middle-class families. Commentary
Beijing Opera - What comes after Hu?
China’s leadership changeover might be the most important political event of the decade. The country’s new rulers will decide not just the fate of the world’s most populous nation, but of its twenty neighbours, large portions of Africa, and its biggest trade partners, Europe and the U.S. Download the e-book
Inside Mario Draghi's rescue plan
FRANKFURT/BERLIN - Mario Draghi’s unexpected midsummer promise to save the euro set off weeks of frenzied backroom diplomacy and public sparring that would severely test the relationships of the main protagonists in the euro zone crisis. Full Article
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