WASHINGTON President Barack Obama unveiled a $3.8 trillion spending plan on Monday for 2013 that seeks to achieve $4 trillion in deficit reduction over the next decade but does little to restrain growth in the government's huge health benefit programs, a major cause of future deficits.

SINGAPORE Oil prices are rising after Greece took a key step toward avoiding a bankruptcy that could hurt Europe's economy.

GIGLIO, Italy Relatives of people still missing one month after the Costa Concordia capsized off the Tuscan coast have tossed bouquets of red roses in the sea near the luxury liner.

AMSTERDAM Dozens of flights were delayed Monday at Amsterdam's busy Schiphol Airport after a man claiming to have a bomb locked himself in a toilet, sparking the evacuation of two terminals, officials said.

NEW YORK U.S. stocks rose Monday after Greece's parliament voted for spending cuts so it can get a bailout to save the country from bankruptcy.

NEW YORK Apple said Monday that an independent group, the Fair Labor Association, has started inspecting the working conditions in the Chinese factories where its iPads and iPhones are assembled.

LONDON Is Rupert Murdoch's best-selling newspaper in open revolt?

ERIE, Pa. Megabus says it will end its discount bus route between Pittsburgh and Toronto, meaning the cities of Erie, Pa. and Buffalo, N.Y. will also lose service on that route.

NICOSIA, Cyprus Cyprus has launched a second licensing round for offshore exploratory drilling as hopes grow that potential fossil fuel deposit discoveries will buoy the eurozone country's sagging economy, even though the efforts are raising tensions with Turkey.

FRANKFURT, Germany The European Central Bank bought euro59 million in government bonds last week as it again made only modest use of a tool that has supported indebted governments during the eurozone debt crisis.

ROME An Italian court Monday convicted two men of negligence in some 2,000 asbestos-related deaths blamed on contamination from a construction company, sentencing each of them to 16 years in prison and ordering them to pay millions in what officials called a historic case.

BRUSSELS Greece faces further hurdles and delays before it can receive a second, euro130 billion ($171 billion) bailout in spite of its lawmakers voting through more austerity measures in the face of violent protests.

CHARLESTON, W.Va. Family members and advocates of West Virginia children with autism plan to gather at the Legislature to press lawmakers to back a proposed fix for the state's autism-coverage law.

LONDON Global markets rose on Monday after Greece's parliament approved a new set of austerity measures required by international lenders in exchange for a bailout that would save the country from bankruptcy next month.

ATHENS, Greece Firefighters doused smoldering buildings and cleanup crews swept rubble from the streets of central Athens on Monday following a night of rioting during which lawmakers approved harsh new austerity measures demanded by bailout creditors to save the nation from bankruptcy.

ANNAPOLIS, Md. Religious leaders in Prince George's County are calling on Maryland lawmakers to support offshore wind power development.

DETROIT For the second time in a week, federal safety regulators have started investigating reports of fires in the driver's side doors of vehicles.

JERUSALEM A spokesman for ex-Israeli Prime Minister Ehud Olmert says a Tel Aviv court will hold its first hearing into a wide-ranging real estate scandal involving the former leader.

WASHINGTON Movie super spies James Bond and Jason Bourne use them. So do real-life presidential candidate Mitt Romney, who says he pays his taxes, and untold numbers of Americans who don't. Swiss banks and their secretive counterparts around the globe may sound like the exclusive province of the wealthy, the mysterious or the shady, but anybody can legally open an offshore account.

WASHINGTON General Electric Co. plans to hire 5,000 veterans over the next five years and invest $580 million to expand its aviation business.

LONDON The Bank of England said Monday that net lending to businesses by Britain's five largest banks shrank last year.

TOKYO Japan's economy shrank at an annual pace of 2.3 percent in the fourth quarter as manufacturers were battered by the strong yen, weak export demand amid the European debt crisis and flooding in Thailand.

LONDON Vodafone Group PLC, the world's largest mobile phone company, said Monday it is considering a possible bid for Cable & Wireless Worldwide PLC, causing shares in the telecoms network provider to jump 27 percent.

SINGAPORE Europe is willing to discuss its new carbon emissions tax for airlines with disgruntled governments but has no plans to scrap the levy, top EU officials said Monday.

KUWAIT CITY The head of Kuwait's central bank of more than 25 years has resigned, state media said Monday, in the latest shake-up among the Gulf nation's veteran policymakers as political tensions grow.

ATHENS, Greece Greek lawmakers on Monday approved harsh new austerity measures demanded by bailout creditors to save the debt-crippled nation from bankruptcy, after riots in Athens and other cities left stores looted and burned and more than 120 people hurt.

NEW YORK For the past six weeks, Wall Street traders have optimistically pushed the Dow Jones industrial average up nearly 4.8 percent on a belief that the U.S. economic recovery is finally gaining momentum.

WASHINGTON The new budget that President Barack Obama is sending to Congress aims to achieve $4 trillion in deficit reduction over the next decade by restraining government spending and raising taxes on the wealthy. To help a weak economy, Obama's proposal Monday requests increases in transportation, education and other areas.

NEW YORK Investors thinking of buying a piece of Facebook after it goes public are hoping it will perform like Google, whose stock has risen 500 percent since its debut seven and a half years ago.

BAGDHAD Iraq inaugurated a new offshore oil export terminal in the Persian Gulf on Sunday in a vital step to ease infrastructure constraints and to bring sorely needed cash for reconstruction after decades of war and international sanctions.

LONDON Britain's press must face tougher penalties for breaches of standards in the wake of the tabloid phone-hacking scandal, the government minister responsible for the media said Sunday.

SINGAPORE A top Boeing Co. executive says that the plane maker is frustrated with the latest 787 Dreamliner production glitch, but that it shouldn't delay output goals.

ATHENS, Greece Warning of a "catastrophe" that would leave Greeks subsisting on food stamps and the country wallowing in bankruptcy, Greek leaders urged lawmakers Saturday to pass more painful spending cuts on the eve of a crucial vote to qualify for a massive bailout.

J.R. Childress is up before the sun, bustling about in the French colonial brick house he built. He helps pack his wife's lunch, downs some eggs or cereal for breakfast, pores over online and newspaper job listings and hopes - even prays - this will be the day when his fortunes turn around.

WASHINGTON Why would Greece accept more pain when unemployment is at 21 percent, the economy is enduring its fifth year of recession and rioters are hurling gasoline bombs in the streets of Athens?

WASHINGTON President Barack Obama is pressuring Congress to extend a payroll tax cut for the rest of the year as another deadline nears for Congress to act or see taxes go up for millions of working people.

LONDON Five staff at Britain's largest selling tabloid The Sun were arrested Saturday along with three other people over alleged bribes paid to police and defense officials, detectives and the newspaper's parent company said.

WASHINGTON The federal deficit was lower through the first four months of the budget year than the same period last year. Still, the deficit is expected to top $1 trillion for the fourth year in a row, putting more pressure on Congress and President Barack Obama in an election year.

LOUISVILLE, Ky. Bernard Trager, the longtime chairman and founder of bank holding company Republic Bancorp Inc., has died. He was 83.

PORTSMOUTH, N.H. Fishermen and federal officials grappled Friday with the increasingly bleak prospect of finding some way for the historic New England industry to avoid collapse amid troubles with the health of Gulf of Maine cod.

WASHINGTON Regulators on Friday closed small banks in Illinois and Indiana, increasing to nine the number of U.S. bank failures this year, a slower pace than in 2011, when there were 92 bank closures.

The trustee overseeing MF Global's liquidation said Friday that the shortfall between the funds under his control and the amount customers of the failed brokerage are expected to claim is at least $1.6 billion.

NEW YORK Standard & Poor's Ratings Services on Friday lowered its ratings on 34 Italian banks, citing concerns over Italy's financial vulnerability and expectations for weak profits at the banks.

Stocks had their worst day of the year Friday after Greece hit a roadblock on its way to a critical bailout. The S&P 500 index had its first down week of the year.

BAILOUT BLUES: U.S. stocks took their biggest slide so far this year on news that European countries that share the euro with Greece want it to make deeper spending cuts in exchange for bailout money. Stocks had risen just a day before on hopes the bailout was imminent.

NEW YORK Investors thinking of buying a piece of Facebook after it goes public are hoping it will perform like Google, whose stock has risen 500 percent since its debut seven and a half years ago.

NEW YORK First Solar is warning that a construction delay threatens to undo its sale of a large solar project planned for Los Angeles County to power producer Exelon Corp.

A look at economic developments and activity in major stock markets around the world Friday:

NEW YORK Stocks had their worst day of the year Friday after Greece hit a roadblock on its way to a critical bailout.

DEFICIT SHRINKS: The federal deficit is running lower through the first four months of the budget year than the previous year. Through January, it totaled $349 billion - $70 billion less than the same period last year.