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Political leaders in Greece have agreed on most of the austerity measures demanded by its creditors and are now eyeing pension and wage cuts to find the final 1.5 billion euros of savings still needed, a source close to the talks said on Sunday.

U.N. member states have failed to reach agreement on a new treaty to regulate the multibillion dollar global arms trade.

Spain has for the first time conceded it might need a full EU/IMF bailout worth 300 billion euros ($366 billion) if its borrowing costs remain unsustainably high, a euro zone official said.

While the North American business performed well, the automaker reported a loss in Europe and now expects to lose more than $1 billion there this year.

A $10 priority-boarding fee here, a $25 checked-bag fee there; pretty soon, you’re talking real money. $22.6 billion, in fact. According to the annual Amadeus Review of Ancillary Revenue Results released Monday, that’s how much ancillary revenue 50 airlines around the world reported making in 2011, a 66-percent jump from the $13.5 billion that the 47 airlines that reported such income made in 2009.

On Tuesday, Apple is set to report financial results for the second quarter. Analysts are expecting net income of $9.8 billion. But whatever figure Apple reports won't reflect its true profit, because the company hides some of it with an unusual tax maneuver.

China's top offshore oil producer CNOOC Ltd has entered into an agreement to buy Canada's Nexen Inc for about $15.1 billion, the Chinese company said on Monday.

Chinese President Hu Jintao on Thursday pledged African governments $20 billion in credit over the next three years and called for more China-Africa coordination international affairs to defend against the "bullying" of richer powers.

The Obama administration unveiled plans Wednesday to create an elite corps of master teachers, a $1 billion effort to boost U.S. students' achievement in science, technology, engineering and math. The program to reward high-performing teachers with salary stipends is part of a long-term effort by President Barack Obama to encourage education in high-demand areas that hold the key to future economic growth - and to close the achievement gap between American students and their international peers.

In a lengthy explainer on Monday night, MSNBC host Rachel Maddow illustrated how a risky bet and some seemingly shady dealings in China helped earn casino mogul Sheldon Adelson tens of billions of dollars, and possibly even some criminal charges.