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European leaders are holding an emergency summit on Greece's debt crisis, trying to prevent a meltdown for the euro and a global economic slump.

Britain's Prime Minister David Cameron leaves 10 Downing Street in London July 20, 2011. Cameron is to make a statement on phone hacking to parliament on Tuesday.

The naked sunbathers who once crowded Germany's Baltic beaches and city parks are becoming an endangered species due to shifting demographics, the fall of the Berlin Wall, growing prosperity and widening girths.

If the New York sexual assault case against Dominique Strauss-Kahn ever goes to trial, much will doubtless be made of his accuser’s background. But what about his? Since his New York arrest, a French writer has brought a criminal complaint in Paris about an attempted rape she says she suffered at Strauss-Kahn’s hands in 2003. The New York prosecutors made an apparent allusion to her claim at Strauss-Kahn’s first court appearance in May.

European risk assets remain under pressure as investors digest the latest round of bank stress tests by the European Banking Authority.

The world economy should expand steadily this year and next thanks mainly to prospering emerging powers, a Reuters poll showed, but fiscal troubles lurking in Europe and potentially the United States risk blowing this view apart.

Cutting Greece's debt will not solve the country's problems, ECB policymaker Jens Weidmann was quoted as saying on Sunday, adding Athens needed to raise its productivity instead.

The Italian austerity budget worth nearly 48 billion euros was approved by the upper house of parliament on Thursday, overcoming its first parliamentary hurdle.

Fitch Ratings on Wednesday downgraded Greece deeper into junk territory, citing the absence of a new and fully funded financing program for the country.

Former British prime minister Gordon Brown charged Tuesday that Rupert Murdoch’s newspapers hired “known criminals” to obtain information about him, and a senior police official said he was sure his own phone was hacked, as a mounting scandal threatened to further damage Murdoch’s media empire.