Euro zone rot spreads to Germany, China mending

LONDON: The euro zone's biggest member Germany is being sucked into the bloc's worsening economic quagmire, business surveys suggested on Wednesday, as similar data signalled the slowdown in China may be abating.

G7: Europe will tell US to deal with 'fiscal cliff'

Europe will tell the US, Japan and Canada next week that it is acting to resolve its sovereign debt crisis, but that US fiscal policy and slowing growth in Japan and China also pose risks to the global economy, according to reports.

Eurozone economy 'in dire straits'

As if Europe needed more bad news, a report Thursday showed a big drop in manufacturing activity across the eurozone.

Merkel says 'big rethink needed'

Germany's Chancellor Angela Merkel has told the World Economic Forum that a "big rethink" is needed in the eurozone within the global economy.