NEW YORK— Wall Street is hurting, and Main Street doesn't care. It's an about-face from the early years of the economic recovery, which began in 2009, when stocks and big banks were soaring but many on Main Street felt like they were getting left behind. The divergence underway between Main Street and Wall Street highlights the difference between the U.S. stock...» Read More
Despite a spate of upbeat economic data for the U.K. over recent weeks, wages in the country have seen one of the steepest falls in Europe.
Hot on the heels of a week of upbeat data for the U.K. economy, a new report shows business conditions in the country rose for the sixth consecutive month in July to a high not seen since May 2011.
After decades of pursuing trade with western Europe, Finland is becoming dependent on Russia again as that country's burgeoning middle class and wealthy investors provide opportunities for growth lacking in recession-hit Europe.
Bidding for a struggling Dutch telecoms group may seem an odd move for a Mexican billionaire, but Carlos Slim could be placing a long-term bet on an improvement in the European economic climate and in Germany in particular.
U.S. President Barack Obama comforted the embattled Greek population by hinting that the austerity drive may be tempered with other ways of restoring the economy to health.
Richard Fisher, the president of the Dallas Federal Reserve, is most worried over the euro zone's second-largest economy, rather than its periphery.
Italy’s longest post-war recession appears to be drawing to a close, with economists predicting that its GDP will finally return to growth in the last quarter of 2013.
U.K. job placements surged in July, according to a new report by KPMG, a day after the Bank of England said it would keep interest rates at record lows until unemployment falls.
The Italian economy contracted for the eighth consecutive quarter in the second quarter of 2013 but shrank less than analysts expected, offering hope that the country is slowly emerging from recession.
The news that euro zone business expanded for the first time in 18 months in July has led analysts to question whether Europe's economy is finally on the up.
U.K. house prices surged to a five-year high in July, according to the U.K.'s biggest building society, but the author of the new report told CNBC that talk of a housing bubble are overplayed and price moves are only "modest".
A top executive for the media company at the center of Silvio Berlusconi's tax fraud conviction said the billionaire politician did not play any role in running the company he founded.
Euro zone manufacturing activity grew for the first time in two years in July, figures released on Thursday showed.
Mario Draghi is in favor of publishing the minutes of the bank's monetary policy meetings, which have until now never been released.
Unemployment in the euro zone remained unchanged from the previous month in June, at 12.1 percent, according to the latest data from Eurostat.
France's Schneider Electric is nearing a 3.3 billion pounds ($5.07 billion) deal to acquire British engineer Invensys and could announce the agreement at its results on Wednesday, three people with direct knowledge of the matter said.
An improvement in economic sentiment in the euro zone area adds to evidence that the crisis in the region is easing, analysts said on Tuesday, but the recovery remains weak.
Despite contracting for the eight consecutive quarter in the second quarter of 2013, Spain's economy was signaling that it could return to growth soon, analysts said.
Siemens Chief Executive Peter Loescher is to leave the company, four years before the end of his contract, after the German engineering group this week issued its second profit warning this year.