"We are experiencing the new behavior of the highly interconnected global system," said the former ECB head.» Read More
Portugal delivered a surprise on Wednesday, posting the euro zone's strongest growth in the second quarter, but political fragility is still concerning analysts.
Cisco expects no change short term in southern Europe, the group's CEO for Europe, the Middle East, Africa and Russia told CNBC on Thursday, a day after Cisco said it would cut 5 percent of its workforce.
Egypt's capital descended into a chaotic bloodbath Wednesday after security forces moved in on protest camps set up by supporters of ousted president Mohammed Morsi, sparking deadly violence.
Egyptian police in riot gear sweep in with armored vehicles and bulldozers to clear two sprawling encampments of supporters of the country's ousted Islamist president in Cairo.
Steer clear if you see a blue BMW on your commute home, as new research claims that men driving blue BMWs are the angriest drivers on the road.
The euro zone's debt crisis is far from over and could pose a risk to the region's recovery, according to analysts, despite its economy returning to growth.
Financial difficulties and social unrest may be the least of Europe's problems, according to crime experts, who warn that the continent's economic woes mean it risks a rise in human trafficking, counterfeit products and illegal migration.
Close to the Athenian ruins where democracy was born centuries ago, young anarchists intent on toppling Greece's political system run a cafe where the beer is cheap and the artwork features police cars set on fire.
Britain's unemployment rate remained at 7.8 percent, according to official figures, which have taken on a new significance after BoE Governor Carney linked the data to monetary policy.
The euro zone posted 0.3 percent growth in the second quarter of 2013 from the first, beating expectations for 0.2 percent growth and signaling the end of the longest recession in continental Europe in over 40 years.
Barclays Finance Director Chris Lucas is stepping down from the bank six months ahead of his scheduled retirement, citing health reasons, the bank said.
Silvio Berlusconi's center-right party is launching a nationwide summer campaign, to revitalize support for the group and its founder, sentenced for tax fraud by Italy's Supreme Court earlier this month, the FT reports.
One-half of U.K. young people who are not in full-time education have never held a job, a leading U.K. think tank said on Wednesday, ahead of the release of the country's official monthly unemployment numbers.
The former JPMorgan trader known as the "London Whale" will not be prosecuted for the whopping losses he was involved in, as he made a non-prosecution deal, sources told CNBC.
Combating cybercrime will become an uphill struggle, with the tools needed to commit technological crimes readily available to anyone armed with a computer and a few dollars.
Soccer clubs in Britain are slashing their spending on player transfers and wages, according to new research, as regulations designed to bolster clubs’ finances come into play.
Stock market success may traditionally be associated with pro-free market rather than socialist governments but, according to Societe Generale, one key reason why French shares are set to push higher is France's current left-of-center regime.
Despite improving fundamentals in the U.S., equities markets may slow, but Europe presents a good place to find relative value in the near-term, strategists tell CNBC.
The Bank of England said interest rates will not be raised from their current record low until the unemployment rate is at 7 percent. But is linking the two figures a logical step or dangerous move?
The euro zone is expected to kiss goodbye to its longest recession since the single currency was introduced on Wednesday, but it is likely to exit with a whimper rather than a bang.
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CNBC breaks down the five big stories to keep an eye out for the coming week.
Daniel Tenengauzer, head of EM and global FX strategy at RBC, explains why the carnage in currencies for emerging markets isn't over.
Todd Horwitz, author and founder at Averagejoeoptions.com, gives the rundown ahead of the U.S. open on August 28 2015.