European officials meeting in Brussels today have reportedly agreed to an Iranian oil embargo. It's the latest move by the west to punish Iran for its nuclear ambitions.
In an effort to boost the economy, Mario Monti announced that Italian businesses can now stay open at all hours. That has some Italian shopkeepers worried.
Nigerians are expressing outrage this morning. The government has just announced it's nixing a longtime fuel subsidy. Gas prices there have more than doubled in many places.
In Greece, tax collectors are on strike to protest benefit cuts while in Italy, the government was able to borrow $9 billion to help pay for services, but banks willing to lend also demanded a high return.
Mariano Rajoy has been elected the new prime minister in Spain, and he will soon have to find solutions to the country's dire debt and unemployment problems.
