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EU summit to focus on growth, jobs

European Union (EU) leaders are scheduled to meet in Brussels Thursday and Friday to iron out measures to promote growth and create jobs in Europe which is still mired in the debt crisis.

UN report warns of second recession on EU, US conditions

The United Nations has lowered global economic growth forecast for the coming two years even as it warned of a new global recession due to the US fiscal cliff situation and EU debt crisis.

PM leaves for G-20, Rio+20 summits

Singh will attend the seventh summit of the Group of 20 developed and developing countries(G-20) starting in the Mexican resort town of Los Cabos on June 18 and the Rio+20 Summit in Rio De Janeiro.

G20 tells European nations to reassess funding needs

Without making any firm commitment to bailout debt ridden European countries, the G20 Ministers have asked euro-zone nations to reassess the funding needs by March so that a decision could be taken regarding the quantum of support that can be provided by the IMF.

Eurozone needs package to tackle debt crisis: Pranab

Against the backdrop of G20 finance ministers meet to discuss global situation, India on Friday said the eurozone will have to come out with a package to resolve its sovereign debt problem, which is also impacting developing countries.