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Oil prices fell more than $1 a barrel Friday from record levels set a day earlier on hopes that tensions surrounding Iran's nuclear program could ease and cut the chances of American or Israeli military action against OPEC's second-largest oil producer.
BRUSSELS (AP) - Confidence in the euro-zone economy dropped further in June, an EU survey said Friday, adding bad news to an already gloomy outlook and causing a bigger headache for the European Central Bank as it tries to reign in inflation without squelching growth.
PARIS (AP) - France's economy will grind to a halt in the third quarter as households succumb to the global slowdown and rein in spending, the country's statistics institute said in its quarterly economic forecast.