The head of the European Central Bank is set to tell European leaders in stark terms at a summit next week that they need to reform straggling economies or risk blunting an ambitious monetary offensive to help revive the stagnant euro zone.

• December 15, 2014

U.N. talks on slowing climate change were threatened with collapse on Saturday after China clashed with the United States and led emerging nations to reject a compromise outline of an agreement.

• December 14, 2014

European Commission President Jean-Claude Juncker has insisted the $40 billion South Stream natural gas pipeline can still go ahead and accused Russia of holding EU-member Bulgaria to ransom when it said it had abandoned the project.

• December 4, 2014

U.S. retailer Best Buy Co Inc (BBY.N) said on Thursday it will sell its struggling China business, Five Star, to domestic real estate firm Zhejiang Jiayuan Group in order to focus on its North American operations.

• December 4, 2014

Heavy discounting failed to stop euro zone business activity growing less than thought last month, a survey showed on Wednesday, suggesting the bloc's economy may contract again early next year.

• December 3, 2014

China said on Wednesday Britain has had no moral responsibility for what happens in Hong Kong since its return to China, as the two countries argue about Beijing's ban on a group of British members of parliament visiting the city.

• December 3, 2014

U.S. and EU leaders will on Wednesday pledge to work together on sanctions and on strengthening the energy security of Europe and Ukraine, as they seek to present a united front to Russia, a draft document said.

• December 3, 2014

U.S. Secretary of State John Kerry will talk to European allies this week about imposing further sanctions on Russia if pro-Moscow separatists in Ukraine do not halt violence, a senior State Department official said on Tuesday.

• December 2, 2014