The economy of the euro zone slipped into recession during the third quarter, the European Union’s statistics agency confirmed.

The economy of the euro zone slipped into recession during the third quarter, the European Unions’s statistics agency confirmed.

China agreed to loosen restrictions on foreign news and information providers inside the country, settling a trade dispute with the United States, the European Union and Canada.

The Bush administration’s response to the notion of closer international coordination of the financial system is likely to disappoint some European countries, who had been calling for regulation.

European Union governments asked France to rethink its proposal on how to deal with the global financial crisis, suggesting a slower, more coordinated process was needed.

European finance ministers vowed instead to coordinate national policies as they try to limit the fallout from a recession on consumers and companies.

The experience of Zaragoza, the capital of Spain’s fastest-growing region, illustrates how the crisis spreading beyond real estate and finance to fundamental sectors of the European economy.

While their savings and retirements have been less exposed to stock market woes, history has taught Europeans that situations can go from bad to worse in no time.

European Union governments approved a potentially costly system capping greenhouse gases from any airline flying into or out of the trade bloc.

European Union governments approved a potentially costly system capping greenhouse gases from any airline flying into or out of the trade bloc.