Britain's economy emerged from recession in the third quarter with growth of 1.0 percent, official data confirmed on Tuesday.

The White House expressed optimism on Monday that a deal would be reached to avert the looming fiscal cliff that threatens to send the world's largest economy tumbling back into recession.

The White House warned Monday that American consumers will spend $200 billion less in 2013 if the looming fiscal cliff is not averted and automatic tax hikes are triggered across the board.

Consumer confidence in Germany appears to be faltering, as fears about Europe's sovereign debt crisis and the slowing economy dents household sentiment, a poll found on Monday.

Catalan parties pushing for a referendum on breaking away from Spain won strong backing in an election Sunday, while voters punished the rich region's leader Artur Mas, forcing him to share power.

Catalan parties pushing for a referendum on breaking away from Spain won strong backing in an election Sunday, while voters punished the rich region's leader Artur Mas, forcing him to share power.

Catalans voted massively for forces promising a referendum on self-determination and a chance to split from Spain in a snap election Sunday, an exit poll showed.

Millions of Italian centre-left voters cast their ballots on Sunday to select a nominee for prime minister ahead of a general election next year as the country suffers through a painful recession.

Congress returns from its week-long Thanksgiving holiday on Monday, as lawmakers and President Barack Obama try to avert a looming fiscal crisis that could send the entire US economy plunging into recession again.

Congress returns from its week-long Thanksgiving holiday Monday, as lawmakers and President Barack Obama try to avert a looming fiscal crisis that could send the entire US economy plunging into recession again.

A fresh estimate of British growth data provides the highlight of London's expected financial releases next week as the latest earnings season winds down.

Letting the US economy go over the fiscal cliff would push the United States, and probably other countries, into a new crisis that political leaders now say they are determined to avoid.

German business confidence halted a six-month slide to stage an unexpected rally in November, data suggested on Friday, despite a sombre overall economic climate due to the eurozone crisis.

Italy's lower house of parliament approved on Thursday budget measures including a sales tax increase and cuts to the health sector that were aimed at pulling the country out of deep debt.

Cyprus needs 17 billion euros in aid from international lenders to bail out its struggling economy, hit by recession and fallout from the Greek debt fiasco, the finance minister said on Thursday.

The credit ratings agency Fitch downgraded on Wednesday debt issued by eurozone member Cyprus by two notches, from "BB+" to "BB-" and said the outlook was negative, which means it could be cut further.

Japan on Wednesday posted its worst October trade figures in over 30 years, underscoring persistent weakness in the world's third-largest economy amid the global slowdown and a spat with China.

A slump in imports to recession-hit Spain helped to narrow the trade deficit by more than a third in the year to September, government data showed Wednesday.

Blighted by recession and tottering on the edge of a sovereign bailout, Spain is about to pay the price of joining the club of richest nations in the European Union.

Japan on Wednesday posted its worst October trade figures in more than 30 years, underscoring persistent weakness in the world's third-largest economy amid the global slowdown and a spat with China.