What do Parisian pilots and London doctors have in common? They’re part of middle-class activism as austerity cuts Europe’s better-off more deeply.» Read More
As Greece looks set to miss a key reform deadline set by international lenders, a Greek government minister said it wasn't Greece's fault that it couldn't live up to the demands of a flawed bailout program.
The euro fell to a five week low against the dollar as European Central Bank President Mario Draghi said key rates would remain at present or lower levels for an "extended period of time."
Egypt's benchmark stock exchange surged on Thursday and oil prices eased on relief after the ouster of Mohammed Morsi as Egypt's president didn't result in large-scale violence as some had feared.
The Bank of England kept its main interest rate unchanged on Thursday but warned that rising bond yields would weigh on its current outlook for growth, which led to a sharp weakening of the sterling against the dollar.
Concerns that a political crisis in Egypt could disrupt oil supplies from the Middle East could boost crude a further $4 to $5 a barrel if violence continues, analysts say.
A Turkish court has cancelled an Istanbul building project backed by Prime Minister Tayyip Erdogan which provided the trigger for nationwide anti-government demonstrations last month, a copy of the court decision showed.
Renewed uncertainty in the euro zone may have put the euro under pressure, but analysts say it's the ECB meeting, not developments in Portugal, that pose a bigger risk to the euro.
Barclays CEO Antony Jenkins has denied any conflict between his bank and its regulators, even as the U.K. banking giant tries to fend off pressure to meet stricter capital requirements.
A senior London bank executive was arrested on Wednesday on suspicion of tax fraud, according to the tax authority. The Financial Times reports.
Portugal's Prime Minister Pedro Passos Coelho said he was confident of overcoming the political problems and would not resign after the country's stock market tumbled and bond yields spiked.
The longer Russia can keep perpetuating the Snowden confusion, the better for them.
The European Central Bank, eyeing tentative signs of euro zone economic recovery, is expected to eschew an major decisions on Thursday and keep its easy-money policy in place.
Latvia is set to join the euro, after the European Parliament voted in favor of its inclusion in the single currency zone.
The U.K.'s energy regulator proposed new rules to combat electricity theft, revealing that up to one-third of electricity stolen each year is used to power cannabis farms.
With the Tour de France underway, the 198 riders competing in this year’s bike race will have their sights firmly focused on the finish line in Paris. But getting there requires more than extraordinary endurance; it requires cash.
The Royal Bank of Scotland (RBS), has launched a major inquiry into the way it lends money to small- and medium-sized businesses.
Private equity veteran Guy Hands has been forced to pull his 900 million euro ($1.2 billion) IPO for Deutsche Annington after volatile markets derailed investor demand.
European leaders gathered in Berlin to discuss the region's youth unemployment crisis, but politicians and business leaders were divided on where the responsibility for tackling the problem ultimately lay.
Greece expects to reach agreement with its foreign lenders by Monday's Eurogroup meeting on all issues except public sector reforms.
New software has been developed that aims to restrict the manufacture of 3-D-created firearms.
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Standard Chartered is reportedly gearing up for some big job cuts. Chirantan Barua, senior research analyst for UK Banks at Sanford C. Bernstein, discusses.
While the IMF’s forecast remains unchanged on Europe, they are concerned about downside risks explains Poul Thomsen, director European department at IMF.
Klaus Regling, MD of the ESM, discusses which countries could benefit from more loose monetary and fiscal policy, to support global growth.