Cyprus has until Monday to come up with a new bailout package after the parliament rejected the initial plan that called for a controversial tax on the country’s bank deposits.
India is the world's largest gold importer. The government hiked import taxes on gold to control the outward flow of cash, but for weddings, the lure of the yellow metal is not fading.
Later today, the government of Cyprus will vote on a controversial bailout plan which would tax bank deposits up to 10 percent. The BBC's Nigel Cassidy in Cyprus discusses public reaction to the plan and whether the government will actually pass the measure.
The government of the Yunnan province in Western China is going after Coca-Cola. Officials say the company has been illegally mapping the province with GPS devices.
The Dow Jones Industrial Average has hit yet another all-time high — and the world is following suit. Global shares are at their highest level since June of 2008, thanks to strong market performance in France, Germany, the U.K., and Japan.