Growing pressure for the west to block Beijing’s bid for “market economy status” and greater access to world markets, the FT reports. » Read More
Punitive tax regimes, increased labor market regulation and a growing lack of trust in governments are causing many Europeans to enter into the murky, illicit world of shadow economies.
The European Central Bank is backing away from any "big bazooka" style intervention to revive lending within the euro zone, delivering a blow to some market hopes. The Financial Times reports.
Global manufacturers struggled in May as demand fell, suggesting a world economy that still needs a steady diet of support.
President Francois Hollande's government aims to save up to 2 billion euros annually from 2016 under a proposed reform of France's generous system of family benefits.
Another crucial meeting for the ECB is due Thursday with analysts across Europe looking ahead to three different policy changes that Mario Draghi could announce.
The euro zone economy is on track for a recovery later this year driven by the European Central Bank's loose monetary policy, the bank's President Mario Draghi said.
Greece's economy is showing the first signs of a recovery, reducing the odds of it exiting the euro zone, according to a new report from analysts at Berenberg Bank.
Italy's overall jobless rate and youth unemployment edged up in April to the highest levels on record, data showed on Friday.
As the Bank of England prepares for the tenure of new governor Mark Carney, one industry lobbyist has warned that another debasement for sterling will lead to dangerous inflation.
The new head of the Vatican bank will need plenty of prayer and strength to rescue its scandal-torn reputation.
The U.K. could post better-than-expected GDP numbers over the next three years, thanks to a strong service sector, the British Chambers of Commerce said Friday.
Global stocks may have been on a wild ride of late but the world's biggest investment bank has told investors they should continue to buy equities.
President Francois Hollande's insistence that the EU executive can't "dictate" reforms to France has outraged Angela Merkel's conservatives, hours before the German leader was due in Paris for talks.
German companies including BMW and BASF are recruiting small numbers of unemployed young Spaniards against a backdrop of chronic youth unemployment in southern Europe and a growing shortage of skilled labour in Germany.
As calls grow for Europe to ease up on its austerity drive, a report on global competitiveness argued that cost-cutting on the continent has halted growth and antagonized the population, creating non-competitive economies.
The European Central Bank warned on Wednesday that the euro zone's slumping economy and a surge in problem loans were raising the risk of a renewed banking crisis. The New York Times reports.
Negative deposit rates could boost — rather than hurt — bank profitability, ECB Vice President Vitor Constancio told CNBC on Wednesday, bringing the contentious issue of negative rates back into the spotlight.
The European Commission has given France, Poland, Slovenia and Spain two year extensions to meet budget deficit targets, as it reprimanded Belgium, which could become the first country to be fined for failing to reduce its deficit.
Brussels's softening stance on austerity with stability and growth measures set to be delayed for another two years is an exercise in "pretend and extend" and what's really needed is urgent structural reforms, analysts have told CNBC.
Mark Carney may move to depreciate the pound, according to Pimco, a gambit which would see the U.K. join the global battle of countries competing to soften their currencies.
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