Spain's Rubio among NBA's All-Rookie Team

Minnesota guard Ricky Rubio, a 21-year-old Spanish playmaker, and NBA Rookie of the Year Kyrie Irving of Cleveland were among those named by the league on Tuesday to the 2011-2012 All-Rookie Team.

Teachers strike across Spain, protesting cuts

MADRID (Reuters) - Spanish teachers went on strike on Tuesday to protest against cuts in education spending that unions say will put 100,000 substitute teachers out of work but that the government says are needed to tackle the euro zone debt crisis. The central government has ordered Spain's 17 autonomous regions to cut 3 billion euros ($4 billion) from education spending this year, as part of a tough program to trim the public deficit to an EU-agreed level of 5.3 percent of gross domestic product. ...

Germany, France draw battle lines over common bonds

BERLIN/PARIS (Reuters) - Germany dismissed a French-led call for euro zone governments to issue common bonds, a day before a European Union summit which investors are looking to for new measures to counter the bloc's debt crisis. After a torrid week, stock markets rallied on optimism that the Wednesday summit would produce measures to foster growth and ward off the threat of contagion should Greece exit the euro. The FTSEurofirst 300 index of top European shares closed up 1.9 percent and Spanish and Italian borrowing costs fell, leaving scope for disappointment if the EU leaders underwhelm. ...

Eurozone warned 'severe recession' looming

The 17-country eurozone risks falling into a "severe recession," the Organization for Economic Cooperation and Development warned on Tuesday, as it called on governments and Europe's central bank to act quickly to keep the slowdown from dragging down the global economy.

Eurozone warned 'severe recession' looming

The 17-country eurozone risks falling into a "severe recession," the Organization for Economic Cooperation and Development warned on Tuesday, as it called on governments and Europe's central bank to act quickly to keep the slowdown from dragging down the global economy.