Germany's finance minister says he expects a future aid package for Greece to be much smaller than the country's existing rescue deals.
In two bailout packages so far, Greece's European partners and the International Monetary Fund have committed 240 billion euros ($320 billion) in loans. This week, German Finance Minister Wolfgang Schaeuble said there will have to be another aid program after the current one expires next year.
Full StoryRecession-hit Spain announced Thursday record tourist arrivals in July as British, German and French holidaymakers packed its beaches at a time of unrest in Egypt and Turkey.
A total 7.9 million international tourists arrived in Spain in July, up 2.9 percent from the same month last year, government figures showed.
Full StoryThe Turkish currency fell further against the dollar and the borrowing rate on 10-year bonds jumped to 10.0 percent in morning trading on Thursday.
Traders were anxious about the prospects for a tightening of U.S. monetary policy after the release on Wednesday of minutes from the U.S. Federal Reserve's last policy meeting.
Full StoryApple's grip on China's tablet market has loosened as Asian tech companies increase sales with cheaper Android tablet computers, a market report showed Thursday.
Dickie Chang, senior market analyst at research firm IDC, said Apple supplied 28 percent of tablet computers in China during the April-June quarter, down from 49 percent dominance a year earlier.
Full StoryChinese manufacturing activity expanded for the first time in four months in August, according to a closely watched indicator Thursday, pointing to renewed strength in the world's second-largest economy.
HSBC said the preliminary reading of its purchasing managers' index (PMI) came in at 50.1 for the month, up from July's 47.7, which was an 11-month low.
Full StoryEuropean Central Bank council member and Bundesbank President Jens Weidmann warned in a magazine interview on Wednesday against the dangers of a country leaving the eurozone.
"What vexes me is how recklessly people invoke such a scenario," Weidmann told the German monthly Capital in a pre-release of an interview to be published on Thursday.
Full StoryRussia's economy minister warned on Wednesday that officials will probably have to downgrade the 2013 growth forecast for the second time in months because of a poor first-half performance.
The Federal State Statistics Service reported on August 9 that Russia's economy expanded by just 1.4 percent of gross domestic product compared to the first six months of 2012.
Full StoryAl-Jazeera America went live Tuesday, accompanied by a campaign of traditional and social media for its cable channel launch, as it pledged to outdo its rivals with serious, in-depth journalism.
Former CNN reporter Tony Harris anchored the first newscast as the channel began broadcasting at 1900 GMT.
Full StoryEmerging market currencies have taken major hits recently as investors pull out money in anticipation the U.S. Federal Reserve will begin to taper its stimulus effort, with India and Brazil also punished for slow growth.
The plunge for some currencies has been steep, with the Indian rupee losing about 19.5 percent of its value against the U.S. dollar in the past three months to hit a record low of 64.12 rupees to the greenback on Tuesday.
Full StoryJordan's Nuclear Regulatory Commission has given the go-ahead for a first nuclear research reactor as the desert kingdom, which lacks any oil, seeks to meet its energy needs.
The five-megawatt reactor will be built at the Jordan University for Sciences and Technology near the northern city of Irbid, commission chief Majad Hawwari said.
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