Spain's crisis budget aims at spending cuts not tax rises
MADRID - Spain announced a crisis budget for 2013 based mostly on spending cuts on Thursday in what many see as an effort to pre-empt the likely conditions of an international bailout.Netanyahu draws "red line" on Iran's nuclear program
UNITED NATIONS - Israeli Prime Minister Benjamin Netanyahu drew his "red line" for Iran's nuclear program on Thursday despite a U.S. refusal to set an ultimatum, saying Tehran will be on the brink of a nuclear weapon in less than a year.
Carmakers warn of dim European outlook
PARIS - Automakers warns that Europe's car market may not improve for the next two years as austerity measures and high unemployment keep drivers away from showrooms. Full Article | Factbox
EU wants $12 billion Boeing sanctions on U.S.
GENEVA - The EU asks the World Trade Organization (WTO) for the right to impose trade sanctions of up to $12 billion annually on the U.S. in retaliation for illegal subsidies to plane maker Boeing. Full Article
Funds tip-toe back to euro stocks - Reuters poll
Global investors staged a tentative return to euro zone stocks and bonds this month following the European Central Bank's bond-buying rescue plan and credit easing from the U.S. and Japanese central banks, a Reuters poll shows. Full Article
EU set to charge Microsoft over ruling breach
WARSAW/BRUSSELS - Microsoft will be charged for failing to comply with a 2009 ruling ordering it to offer a choice of web, which could mean a hefty fine for the company. Full Article
Arsenal defend strategy as profit soars
Arsenal says it will keep living within its means as star player sales help more than double pretax profit. Full Article | Related Story
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