The government of Cyprus will rely on a combination of austerity measures and growth programs to dig its way out of a financial crisis that has forced it to turn to its European Union partners for aid, the Cypriot ambassador in Washington said Tuesday.
The leaders of Germany, France, Italy and Spain gathered in Rome on Friday to seek agreement on ways to pull Europe out of its crippling debt crisis.
Euphoria over a lifeline of up to €100 billion ($125 billion) to rescue Spain's hurting banks morphed into a financial markets rout in a matter of hours Monday, as investors digested the still-undefined plan and became concerned the country may be unable to repay the new loans.
A powerful earthquake killed at least 15 people as it rocked a swath of northern Italy on Tuesday. Factories and churches collapsed, dealing another blow to a region where thousands are still homeless after a stronger quake just nine days ago.
Premier Mario Monti suggested Tuesday that Italian soccer be suspended for two to three years after the latest match-fixing scandal rocked the national team and again tarnished the sport's image in the country just a week before the European Championship.
A magnitude 5.8 earthquake struck northern Italy on Tuesday, killing at least 15 people and injuring more than 200 as factories, warehouses and a church collapsed in the same region still struggling to recover from another deadly tremor nine days ago.
A bomb exploded outside a high school in southern Italy named after a slain anti-Mafia prosecutor as students arrived for class Saturday, killing a teenage girl and wounding several other classmates, officials said.
A 70-year-old American aid worker kidnapped nine months ago in Pakistan said in a video released by al Qaeda that he will be killed unless President Obama agrees to the militant group's demands.
Six European countries held elections Sunday. Here is a quick look at what was at stake.
