News that Turkey's president has extended a hand to Putin has raised hopes that tensions between the two countries could be soothed.» Read More
Karen Cho takes you through the European markets, where stocks have come in higher.
Forty-five people have been arrested in Spain during disturbances following a demonstration on Saturday by tens of thousands of people against spending cuts and allegations of government corruption.
An independent Scotland will be able to keep the pound, the UK government will argue next month – but only if Scottish ministers accept budget constraints set by London. The Financial Times reports.
Cypriot president-elect Nicos Anastasiades faces weeks of difficult talks with foreign lenders on a financial rescue for the island nation after sweeping to a resounding victory in a run-off election on Sunday.
At the root of Moody's decision to downgrade Britain's credit rating is a crucial economic reality: Britain has begun to trail its peers in Europe - even bailed-out euro zone economies - when it comes to bringing down its budget deficit and making it attractive for foreigners to buy its exports. The New York Times reports.
James Ashley, Senior Economist at RBC Capital Markets says that inflation is a bigger concern for the U.K. economy than Moody's downgrade to Aa1.
PK Basu, MD & Head of Asia Research & Economics at Maybank Kim Eng says that the U.K. needs to re-think its austerity policies and come up with measures to generate growth.
Antonio Fatas, Professor of European Studies and Economics at INSEAD, outlines what Italy needs to do to fix its economy, regardless of the outcome in the election.
Despite the circus-like nature of the campaign, Italians at polling stations today were in extremely serious moods, with many telling CNBC this is one of the most important elections in the country's history.
Change is in the air as Italy goes to the polls, but that change could also throw up a nasty surprise for the euro zone.
Moody's downgrade is a blow to the Chancellor of the Exchequer George Osborne, who has stuck to his plan to reduce government spending in the face of slowing economic growth.
The Spanish king's son-in-law appeared before a judge on the island of Mallorca on Saturday to respond to charges of tax fraud in a six-million-euro embezzlement case that has eroded public support for the once-popular royal family.
Two of the four leading candidates in the Italian election are convicted criminals. Such is the state of politics in the world's third most indebted country as Italians go to the polls this weekend to choose a new government.
Credit ratings agency Moody's Investors Service has downgraded Britain's government bond rating one notch from the top AAA to AA1, citing weaknesses in the economy's medium-term outlook.
CNBC's Michelle Caruso-Cabrera reports on the hype surrounding this weekend's Italian election.
European shares rose on Friday in a broad-based rally as investors took advantage of the previous session's steep falls to pick up equities on the cheap, though traders cited some caution given weekend elections in Italy.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including news that the euro zone economy is expected to shrink again in 2013.
Banks around Europe will repay less than half the expected amount of the crisis loans they took from the European Central Bank a year ago, suggesting much of the euro zone financial system is still hooked on cheap ECB funds.
Tom Levinson, FX strategist at ING Financial Markets, tells CNBC that uncertainty will surround Italy even after the elections next week, and this will weigh on the euro in the short term.
The euro zone will not return to growth until 2014, the European Commission said on Friday, reversing its prediction for an end to recession this year.
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Amur the tiger was supposed to eat Timur the goat. Instead the pair is sharing an enclosure at a Russian safari park.
Todd Horwitz, chief strategist at BubbaTrading.com, says retail stocks are in a lot of trouble.
Jeremy Stretch, head of FX strategy at CIBC, talks about the likelihood of an interest rate cut by the European Central Bank and what impact that will have on currency markets.