AFP World Economic News Summary

The top world economic stories on Monday:


PARIS: European national data protection agencies intend to take action against the US Internet giant Google after it failed to follow their orders to comply with EU privacy laws, a French agency said.


MUMBAI: British Prime Minister David Cameron arrived in India with what he called Britain's biggest ever overseas business delegation for a three-day visit clouded by a corruption scandal.


TOKYO: Japanese premier Shinzo Abe ramped up pressure on the central bank, signalling he may move to limit its independence if it fails to achieve an ambitious inflation target.


PARIS: French Finance Minister Pierre Moscovici said he was sticking to the aim of cutting public deficit to three percent of output this year but said the country's credibility would not be hit if it failed to do so.


FRANKFURT: Germany, Europe's biggest economy, will avoid the recession that has engulfed many of its partners in the region and return to growth in the first quarter of 2013, the Bundesbank said.


COPENHAGEN: Danish brewer Carlsberg posted a rise in annual profit and said it would look to Asia for future growth as European consumers cut back on spending amid economic uncertainty.