Voters in France this weekend gave President Francois Hollande's Socialists a solid majority in the lower house of parliament, complementing their majority in the upper house and thus, complete legislative power in the government.
With economists panicking about the future of Europe, we sent reporter Stephen Beard on a five-nation pub crawl to talk to real people about the future of the eurozone.
The Organization for Economic Cooperation and Development warns the eurozone nations of severe recession risk, and calls on the European Central Bank to step in to stem the crisis.
Europe correspondent Stephen Beard discusses what Europe thinks about JPMorgan's $2 billion blunder and how it might impact how European banks do business.
It's International Workers' Day — organized by unions and left-leaning political parties across the world. Thousands of protesters are out on the streets in Greece, France and even Russia.
McDonald's said today its profits were up 7 percent last quarter, thanks to a 9 percent rise in U.S. restaurant sales and a 5 percent boost in Europe. Also General Electric reported an 11 percent drop in profit during the first three months of the year.
France will try to borrow a lot more money today. But the low borrowing costs the country has seen every since the European Central Bank handed out a trillion dollars in emergency loans are no longer a sure thing — that money may be running out.
There were several massive earthquakes off the coast of Indonesia today, triggering tsunami warnings across the Indian Ocean. Those warnings have been cancelled and no serious damage has been reported so far.
