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Under the plan, French banks would give Athens more time to pay back loans as they come due over the next three years.

French Finance Minister Christine Lagarde appeared poised to become the head of the International Monetary Fund this week despite a strong challenge to Europe's traditional hold on the job.

The crown jewels of Greece’s socialist state are now likely to go to the highest bidder.

Austerity measures being adopted by many industrialized world governments in the wake of the 2008-09 financial crisis are undermining economic recovery, a United Nations report said on Wednesday.

The ranks of millionaires in Asia for the first time surpassed Europe and in a few years are expected to overtake the United States, according to the latest annual Merrill Lynch-Capgemini World Wealth Report.

Former Dior designer John Galliano went on trial Wednesday charged with hurling anti-Semitic slurs in a Paris cafe, allegations that shocked the fashion world and cost him his job at the renowned French high-fashion house....

Horrendous weather and a public transport strike caused chaos at the Paris Air Show on Wednesday, delaying a raft of order announcements for Airbus and dampening the mood at Boeing's unveiling of its new 787 jet....

Unlike their government, Greek banks were seen as well-managed and prudent before the crisis. Now they are struggling to find funding.

Hours of talks between eurozone finance ministers on the imploding finances of Greece broke up early Monday morning without the ministers signing off on a vital installment of rescue loans needed to avoid bankruptcy next month.

Eurozone finance ministers meet in Luxembourg, where they are expected to approve a 12bn-euro (£10bn) loan to debt-stricken Greece.