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Spain to slash wages to cut deficit

Spain will cut state employees' wages and slash investment spending, sparking immediate union anger with a bid to reassure markets that it can get its budget deficit under control and detain the spread of the European debt ...

 

Brown Announces New Talks and End of His Tenure

Brown Announces New Talks and End of His Tenure

The British prime minister announced that his Labour Party would launch formal talks with Liberal Democrats and that he was prepared to step down as party leader.

 

Wall Street surges on European rescue plan

European leaders agree to a nearly $1 trillion rescue plan to avoid a major debt crisis; Federal Reserve says it will also provide loans overseas.

 

Germany tackles Greek debt

Both houses of Parliament approve unpopular financial plan to save Greece from bankruptcy.

 

Europe Launch Set for iPad

Apple said the iPad will become available in nine European countries May 28, after an earlier delay.

 

Mammoth ash cloud pushes flights south

Mammoth ash cloud pushes flights south

A mammoth cloud of ash is stretching 1,250 miles across the North Atlantic and forcing aircraft to divert south into a long-haul traffic jam, Irish and European air authorities said.

 

Hung Parliament in Britain May Mean Many Scenarios

Hung Parliament in Britain May Mean Many Scenarios

With the British vote ending in a hung Parliament for the first time since the 1970s, several possibilities could now play out.

 

Ash grounds more flights, summer chaos feared

Airports in Ireland and parts of Britain were closed for hours on Tuesday because of a cloud of volcanic ash drifting south from Iceland that shut European airspace last month and could threaten summer holiday travel.

 

Euro Slides Again; Wall Street Tumbles

Euro Slides Again; Wall Street Tumbles

European debt problems sent another wave of pessimism through the markets.

 

Greece's Costs Exceed Bailout

The $147 billion, three-year bailout offered to Greece by euro-zone countries and the IMF won't be enough to cover Greece's costs, an examination of Greek financial figures shows.

 

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