Italy And Spain’s Credit Ratings Downgraded Again As World Markets Slide Despite Rising Hopes Of Deal On Greece's Mammoth Debts -- Daily Mail* Credit ratings for five European countries downgraded today
* EU's top economic official: 'We are very close to a deal'
* FTSE-100 down 1% to 5,735, France's CAC loses 1.2%
The eurozone was last night rocked by the downgrade of five countries as the single currency debt crisis deepened.
Italy and Spain were among the nations to be hit by U.S ratings agency Fitch in a bitter blow for Rome and Madrid. Belgium, Slovenia and Cyprus were also cut.
The news comes despite Greece and its private creditors claimed they were 'very close' to reaching a deal over its mammoth debts.
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MIDDLE EAST
Syria crisis: UN Security Council mulls Assad measures. Deaths rise in Syria as U.N. Security Council to hold talks.
Officials: Car bomb targets funeral in Baghdad, killing dozens.
Israel says Iran 'drifting' toward nuke goal line.
Barrier proposed as Israel border.
Iran could ban EU oil exports next week: lawmaker.
ASIA
North Korea warns South but accepts food aid.
Taliban willing to compromise, Afghan negotiators say.
Head of Papua New Guinea military freed after mutiny.
Aborigine protesters burn Australian flag outside Parliament.
Taliban diplomats arrive in Qatar.
Pervez Musharraf abandons bid to travel home to Pakistan. Musharraf delays Pakistan return without setting new date.
Pakistan's military academy attacked near Bin Laden house.
Tibetan student 'killed in third Sichuan, China clash'.
China denies nuclear accident.
AFRICA
Nigerian violence: Police disappear as Boko Haram brings terror to the streets. Nigeria on edge as Islamist group extends campaign of violence.
Congo poll: Etienne Tshisekedi condemns results.
Somali pirates threaten to kill American hostage in wake of Navy SEAL rescue of two captives.
Crooked guard led to aid workers' kidnapping in Somalia, group says.
Libya militias prepare to retake Bani Walid from Gaddafi loyalists.
In Libya, rebels still dominate Tripoli streets.
One million children in Sahel at risk, UNICEF warns.
Somali pirate captors move US hostage after SEAL raid.
Egyptians mark 1st anniversary of 'Friday of rage'.
Sudan and South Sudan leaders bid to defuse oil dispute.
Europe crisis stifling remittances, African Central Bankers say. African economy faces ‘serious’ threats from Europe crisis.
EUROPE
Fitch cuts Italy, Spain, other euro zone ratings. Fitch downgrades five eurozone economies.
Dutch plan ban on Muslim face veils next year.
Russia postpones two manned launches to International Space Station.
Costa Concordia company offers passengers compensation.
Putin dismisses protests with a joke remark.
Russia bars liberal candidate from presidential election.
Russian military to beef up special forces in N. Caucasus.
Spain's unemployment total passes five million.
AMERICAS
Argentina Senate condemns Cameron's Falklands statement.
Canadian pipeline needs aboriginal consent: chief.
In Mexico, eight men are executed in downtown Monterrey.
Brazil search of collapsed buildings intensifies; 7 dead.
U.N. workers find 35 pounds of cocaine.
Scientists: Haiti, DR may facing big quake period.
Former Guatemalan dictator Efrain Rios Montt faces trial for genocide.
TERRORISM/THE LONG WAR
Pakistani family wants justice in CIA killing.
Panetta: al Qaeda is "still a real threat".
'We will attack Nigeria again and again', Boko Haram leader vows.
Mali blames Al-Qaeda as rebels launch new attacks.
US adds IMU, IJU operatives to list of global terrorists.
ECONOMY/FINANCE/BUSINESS
Web economy to double by 2016.
Report: Facebook IPO filing could come next week.
Twitter now lets governments decide what content is suitable for their citizens.
U.S. GDP grows 2.8% at year's end but rate falls short of expectations.
Google says privacy change won't affect government users.
Europe signs up to controversial ACTA web treaty.
Apple 'attacking problems' at its factories in China.
Report: Amazon merchant bribed buyers for positive reviews.
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