European Central Bank President Mario Draghi is seen after a news conference as part of Group of Twenty (G20) leading economies' finance ministers and central bankers in Mexico City February 26, 2012. REUTERS/Bernardo Montoya

Inside Draghi's rescue plan

FRANKFURT/BERLIN - Mario Draghi’s unexpected midsummer promise to save the euro set off weeks of frenzied backroom diplomacy and public sparring that would severely test the relationships of the main protagonists in the euro zone crisis.  Full Article 

China carrier a show of force as Japan tension festers 7:34am BST

TOKYO/BEIJING - China sent its first aircraft carrier into formal service on Tuesday amid a tense maritime dispute with Japan, a show of naval force that could worry its neighbours.

A file photograph shows a member of staff working in the cockpit of an aircraft on the Eurofighter Typhoon production line at BAE systems Warton plant near Preston, September 7, 2012. REUTERS/Phil Noble

Germany lists reservations on EADS/BAE deal

BERLIN - Germany has deep reservations about a proposed merger of Airbus parent EADS and Britain's BAE Systems , including doubts about whether the combined group would be safe from takeovers and could guarantee jobs.  Full Article | Related Story 

Iran's President Mahmoud Ahmadinejad addresses diplomats during the high-level meeting of the General Assembly on the Rule of Law at the United Nations headquarters in New York September 24, 2012. REUTERS/Eduardo Munoz

Ahmadinejad says Israel will be "eliminated"

NEW YORK - Iranian President Mahmoud Ahmadinejad says Israel has no roots in the Middle East and will be "eliminated," ignoring a U.N. warning to avoid incendiary rhetoric ahead of the annual General Assembly session.  Full Article | Video 

A man sits near a logo of Japan's Olympus Corp at the company headquarters in Tokyo June 19, 2012. REUTERS/Yuriko Nakao

Olympus pleads guilty in fraud trial

TOKYO - Three former executives of Japanese camera and endoscope maker Olympus, and the company itself, plead guilty after being charged in connection with a $1.7 billion accounting cover-up in one of Japan's biggest corporate scandals.  Full Article 

Wang Yang, Party Secretary of the Guangdong Province, claps during the opening ceremony of the Chinese People's Political Consultative Conference (CPPCC) at the Great Hall of the People in Beijing March 3, 2012. REUTERS/Jason Lee

Reformist leader tested by Chinese system

GUANGZHOU, China - Wang Yang is seen by many in the West as a beacon of political reform in China. But a closer look at his experience underscores the difficulties of any Mikhail Gorbachev-like figure breaking free of the confines of China's rigid political structure.  Full Article 

Sardinian miners block the entrance of Carbosulcis mine during a protest in Carbonia, west of Cagliari, August 29, 2012. REUTERS/Alessandro Bianchi

Sardinia struggles to leave state aid behind

INSIDE THE CARBOSULCIS MINE, Italy - With more than 1,000 jobs at risk, the industrial crisis hitting the impoverished island of Sardinia is a political hot potato for technocrat Prime Minister Mario Monti as he fights to keep costs down and contain Italy's high debt.  Full Article 

Hugo Dixon

Banks should learn to say "Just Go"

A stream of scandals, weak activity, tightening regulation and poor shareholder returns mean that this year is a golden opportunity to make radical cuts in banker compensation. Those who complain should be told to pack their bags.   Commentary | Video 

Ian Campbell

Osborne should take King’s naughty fiscal gift

Mervyn King is at it again. The BoE governor made his support for the government’s austerity drive too plain and is now giving the Treasury excuses to miss its debt target. Chancellor George Osborne should accept the gift. The euro crisis helps the case for looser not tighter policy.  Commentary 

John C. Abell

Why I won't be getting an iPhone 5

Don't get me wrong. I'm not abandoning the iPhone, or any smartphone - at least not yet. But the early-adopter instinct to upgrade to the newest device every year no longer applies. With viable 7-inch tablets starting to appear, this marks the beginning of the end of the smartphone’s dominance over our hearts and minds.  Commentary 

Chrystia Freeland

Globalisation, the tech revolution and the middle class

We are simultaneously living through a time of positive economic innovation and a time of the painful erosion of the way of life of many middle-class families.  Commentary 

John Foley

Consumer boycotts won’t decide Sino-Japan fight

Are consumers China’s secret weapon? Not when it comes to winning its ongoing spat with Japan. Even if some Chinese shoppers are giving Uniqlo and Toyota a miss, history shows that consumer boycotts have at best a short-lived effect. Economic warfare looks reassuringly hard to wage.   Commentary 

Wei Gu

China’s “third strike” in 2013 is the one to watch

China’s new leaders will be ushered in within weeks, but the world may have to wait until a year from now to hear what they stand for. That’s when the third plenary, or meeting of top politicians, should happen. Communist Party tradition shows that is the date that matters most.  Commentary