Italy’s credit ratings may be reduced by Moody’s Investors Service because of economic growth challenges, risks associated with efforts to reduce debt and the potential for higher borrowing costs.

European stocks fell, with the benchmark Stoxx Europe 600 Index declining for a seventh week, as concern mounted that the European Union may delay a second rescue plan for Greece.

European Union officials moved closer to hammering out a new aid package for Greece after Germany agreed to work with the European Central Bank to make sure plans to include private investors in a rescue don’t trigger a default.

The euro gained versus the dollar by the most in two weeks after German Chancellor Angela Merkel agreed to compromise and work with the European Central Bank on a debt plan for Greece.

Richard Branson doesn’t like to cut corners or budgets where his airlines are concerned.

Greece’s bailout, which has provoked popular anger in Germany, leaves neighboring France cold.

Chancellor Angela Merkel retreated from German demands that bondholders be forced to shoulder a "substantial" share of a Greek rescue, saying she'll work with the ECB to avoid disrupting markets

European Central Bank Executive Board member Lorenzo Bini Smaghi faced mounting pressure from the leaders of Italy and France to quit as part of their deal to allow fellow Italian Mario Draghi to become ECB president.

Vueling Airlines SA, the Spanish discount carrier controlled by Iberia and British Airways, said a decision on a $4 billion plane order may be complicated by French political pressure favoring Toulouse-based Airbus SAS.

Boeing is asking customers at the air show in Paris to be patient while it decides the future of the 737 while Airbus builds on the early success of its refreshed A320Neo

The euro fell, headed for a second weekly decline, before European leaders meet to discuss the Greek debt crisis today amid concern the situation is worsening.

The euro fell against the dollar and the yen after Luxembourg’s Jean-Claude Juncker was quoted by the German newspaper Tagesspiegel as saying progress resolving the Greek debt crisis is “extremely difficult.”

The appointment of Ayman Zawahiri as the new leader of al-Qaeda serves as a reminder that the terrorist group “seeks to perpetuate itself,” U.S. Defense Secretary Robert Gates said.

They are taking to the streets in Stockholm, but not with demands. Swedes, this month, ask for no more than a spare patch of grass or dockside granite to bask in the midsummer. The country has never really gone in for protest anyway, and right now there’s nothing to protest about.

The ex-oligarch, in an interview with Bloomberg News, discusses corruption and democracy and tells foreign investors to be wary

Back home, the ex-spook and new celebrity Anna Chapman tries her hand at drumming up investment in Russia's technology industry

Defunct mines, some 2,000 years old, look attractive once more because of soaring prices and more-efficient extraction methods

Richard Branson said he's prepared to reduce his stake in Virgin Atlantic Airways to aid the U.K. carrier's search for an alliance partner

Nokia Oyj, the world’s biggest maker of mobile phones by volume, lost a U.K. court bid to invalidate a European patent that Germany’s IPCom GmbH & Co. claims is vital to the Finnish company’s handset sales.

Greece needs to overcome its political logjam to escape default and clinch an upgraded aid package partly borne by bondholders, European Union Economic and Monetary Commissioner Olli Rehn said.