118-carat African diamond
World markets can deal with the fact that Congress hasn’t agreed on a budget, but it’s the looming default crisis that has them spooked
India’s cheap labor and experienced mechanics have given it a huge advantage when it comes to scooter restoration
France’s Socialist President François Hollande rolls out a new version of his derailed 75% income tax proposal on top salaries, and finds the French soccer establishment joining the wealthy and business class in protest
American CEO Maurice “the Grizz” Taylor’s bashing of France’s work ethic generates angry response from a proud and insulted country—whose productivity turns out to be better than conservative detractors admit.
National governments and European Union officials continued scrambling to uncover any further cases of horsemeat in beef-based food products, while disgusted diners contemplate the safety of their food system
France’s ruling leftists concede they won’t meet 3% budget-deficit-reduction targets amid 2012 fourth-quarter growth numbers from across Europe indicating things getting worse, rather than better
European Union finance ministers announced unexpected advances towards a banking union designed to prevent the excesses that transformed Europe’s sovereign debt problem into the fearsome euro crisis.
Seven years after Clichy-sous-Bois errupted in rioting that spread across France, TIME returns to see whether billions in spending, years of policy debate, and national soul-searching has improved life in the blighted banlieues. …
Despite positive growth in France and Germany, official figures show the 17-nation euro bloc sinking into its second recession since 2009—with experts warning the worst is yet to come.
France smarts at German comments despairing French economic response to the euro crisis, and media reports contending Berlin is preparing a To-Do reform list for sluggish leaders in Paris.
Better Place, an ambitious electric car enterprise, pinned its hopes on Israel—but the smart car revolution imagined there has fallen flat.
TIME’s South Asia bureau chief talks about how she reported on the steps being taken by the Indian government to provide employment opportunities for every one of the country’s 1.2 billion citizens