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Despite the election of Giorgio Napolitano as Italy's president, analysts said a snap election couldn't be ruled out.
Up to half the 21 companies where the U.K. government has a shareholding could be wholly or partly privatized in the next few years, a senior official has said.
Frans Van Houten, CEO of Royal Philips Electronics, tells CNBC that the start of the year was as soft as they expected with particular weakness in Europe and the US.
Cypriot insurance companies and charity organisations will be affected by a bail-in on deposits in an attempt to minimize the broader impact on savers.
The re-election of Italy's president has raised the prospect of an end to the stalemate that followed the general election, with a move to form a government foreseen within days.
An early peek this week at how the euro zone economy performed in April could cement the case for the next installment in monetary easing by the world's major central banks.
With the bloom coming off the emerging markets rose, one economist has drawn a circle around two countries that stand the greatest risk of crisis.
Leaders of the International Monetary Fund said an uneven global economic recovery is emerging, and policymakers must take more steps to foster swifter growth and job creation.
The Italian parliament on Saturday re-elected President Giorgio Napolitano to serve a second term in an attempt to resolve the political stalemate following February's inconclusive election.
Former Prime Minister Romano Prodi withdrew from the race for the Italian presidency on Friday, deepening the chaos in the centre-left after party rebels helped his old enemy Silvio Berlusconi scupper his candidacy.
European shares closed higher on Friday, helped by a rally in mining stocks and better-than-expected output from Anglo American.
Greeks have lost almost a third of their disposable incomes since the debt crisis started more than three years ago, data showed on Friday.
France has opened a judicial investigation into allegations that former President Nicolas Sarkozy's 2007 election bid won illicit funds from late Libyan leader Muammar Gaddafi, the public prosecutor's office said on Friday.
Russia's inflation level remains too high and reducing it is the key priority, according to the woman set up to take charge of the country's central bank in June.
Major debt restructuring for both Cyprus and Greece will probably force the struggling euro zone countries to leave the single currency, according to Citigroup.
Lower inflation resulting from falling oil prices could allow more expansionary monetary policies in Europe, Credit Suisse says.
The woman in charge of Russia's privatization program told CNBC on Friday that the country is in no hurry to sell off its state-owned assets because market conditions are not optimal.
The euro zone will slow its budgetary belt-tightening to help reinvigorate economic growth, a top EU official said on Thursday.
Europe must focus on fixing its banking sector, the former governor of the Central Bank of Turkey told CNBC on Friday.
Karen Tso takes you through the European market open where stocks have come in higher.
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Chris Slight, video games journalist, talks about trends in the gaming industry, including virtual reality and indie games.
European equities closed slightly lower on Tuesday as investors kept an eye on earnings and oil after the commodity saw a slight recovery.
Philippe Houchois, head of European autos research at UBS, discusses earnings results from Continental and BMW, as well as the Asian auto market generally.