People take pictures of waves on a frozen sea in Constanta, 230 kilometres east from Bucharest, Romania on February 1, 2012 At least 223 people have died during a seven-day cold spell in eastern and central Europe where temperatures are expected to plummet even further over the weekend. Most of the victims are from the European Union’s poorest countries, including Ukraine with as many as 101... 

They still can’t sleep at night since the Costa Concordia put them through the ordeal of their lives. A Russian couple that made it ashore safe and sound believe every passenger could still be alive had the rescue operation been better organized. ­They are just two of the passengers from over 4,000 people onboard the massive cruise ship Costa Concordia. Denis Golovkin and Olga Gridneva still have... 

A view of the Costa Concordia cruise ship that ran aground off the west coast of Italy on January 18, 2012 Rescue workers have suspended their search for the more than 20 people still missing from the stricken Costa Concardia, after the capsized cruise ship slipped. “Instruments indicated the ship had moved, we are in the process of evaluating if it has found a new resting point to allow us to... 

JP Morgan's Chief Executive Officer, Jamie Dimon JP Morgan’s Chief Executive Officer, Jamie Dimon says Europe is the largest threat to the global economy, calling for a solution to the economic woes sourced from the continent. “We urgently need a solution. The longer the problem drags on, the less likely it is we get off lightly,” the CEO of one of the largest banks in the United States... 

A cruise ship that ran aground is seen off the west coast of Italy at Giglio island January 14, 2012. Various reports say between three and eight people have been killed and at least 40 others injured as an Italian cruise liner with over 4,000 people on board hit a sandbar off the Italian coast. The rescue operation is underway with 69 people missing. Over 4,000 people, including 3,200 passengers,... 

Standard & Poor's has downgraded the credit ratings of several European nations. Standard & Poor’s has downgraded the credit ratings of France, Italy, and Spain, as the European debt crisis continues to intensify. According to French government sources, the ratings agency has downgraded the country’s Triple-A credit rating, while downgrading Italy and Spain’s ratings as... 

Insolvency is threatening heavily debt-ridden countries such as Greece, Portugal, Italy, Ireland and Spain. Official figures show the rate of unemployment in the eurozone reached an all-time high of 10.3 percent in November 2011. According to the Eurostat statistics agency, by November more than 16.3 million people were unemployed in the 17 nations that use the euro as their currency. Eurostat figures... 

Italy's unemployment rate increased in November Italy’s youth unemployment has reached a new record high of over 30 percent, as it confirms that the euro-zone’s third-largest economy is already in recession. According to seasonally adjusted figures released by ISTAT on Thursday, the unemployment rate for young people aged 15 to 24 years have reached 30.1 percent in November, while the... 

German Chancellor Angela Merkel (L), President of France Nicolas Sarkozy (C) and European Commission President Jose Manuel Barroso Eurozone leaders have used their New Year’s messages to warn of more economic crisis for the year ahead, as many eurozone countries expect recession in 2012. German Chancellor Angela Merkel said on Sunday she expects more difficulty in 2012, but she does “everything”... 

A picture showing protests against the government austerity measures in Greece. Tens of thousands of Europeans are migrating from their homelands, many heading to the southern hemisphere, as the continent sinks deeper into financial crisis. While official statistics shows that Portugal, Greece and Ireland had the largest stream of immigrants leaving their country’s this year, evidence points... 

Demonstrators hold a banner reading "We don't pay your bill, change the menu" as they march during a general strike in Italy. Tens of thousands of Italian workers plan a general strike against the imposition of the government’s harsh austerity measures aimed at saving the country from financial ruin. Leaders of Italy’s three biggest unions have called for a three hour strike... 

A general view of Piazza Duomo during the FIOM CGIL and Students National Strike on January 28, 2011 in Milan, Italy. Italian trade unions have called for a strike to protest the recent government austerity measures aimed at resolving the eurozone debt crisis. Two of Italy’s three biggest trade unions said they would hold a two-hour strike on December 12, AFP reported on Monday The Cisl and Uil... 

Owning a Stradivarius is the dream of every violinist, but buying one will set you back to the tune of millions. In a feat that will strike a chord with any musician, US scientists have used computer technology to recreate the legendary instrument. A team of radiologists and violin makers used computed tomography (CT) to create over 1,000 images of a 1704 original Stradivarius violin. The 3D images... 

On November 25, two days after a failed German government bond auction in which Germany was unable to sell 35% of its offerings of 10-year bonds, the German finance minister, Wolfgang Schaeuble said that Germany might retreat from its demands that the private banks that hold the troubled sovereign debt from Greece, Italy, and Spain must accept part of the cost of their bailout by writing off some... 

Italian citizens are planning to file a collective lawsuit against former Prime Minister Silvio Berlusconi, holding him accountable for the mismanagement of public money, Press TV reports. Thousands of Italians have already signed the petition collected by a class action committee in Milan and more signatures will be collected in other cities in the coming days, Press TV correspondent reported on...