Global Economic and business news

In an interview, Germany’s Chancellor Angela Merkel said she wanted to work with President Obama, but would not give ground on new stimulus spending.

The easing of monetary policy by the European Central Bank has aided the change in attitude, a research institute says.

Europe is facing at least as severe a slump as the United States, yet has failed to respond effectively to the downturn.

As the evidence of economic pain mounts in Europe, a growing number of analysts say the Continent’s leaders are reacting too slowly.

A broad sell-off dragged all sectors of the market lower, with financial stocks hit particularly hard.