For years, Anissa Benchamacha bought her meat in a parking lot, from vendors hawking near-expired products to Muslims eager to find food that met their religious requirements.
The European Union agreed to create new financial oversight institutions Tuesday, hoping to prevent a repeat of the government debt crisis that nearly left Greece bankrupt and brought the European banking system to its knees.
Public transit ground to a halt across France and on the London Tube on Tuesday, with tourists and commuters bearing the brunt of a wave of discontent over government austerity measures.
The Wall Street Journal has been analyzing the results of the European banking stress tests and wrote in a story published Tuesday that "some banks didn't provide as comprehensive a picture of their government-debt holdings as regulators claimed."
The rest of the year will be "less buoyant than the second quarter" and the ECB remains "very cautious and prudent," ECB President Jean-Claude Trichet told CNBC in an exclusive interview.
"No actor, no product, no sector, no territory should no longer be able to escape sensible and intelligent regulation and supervision," Michel Barnier, the EU Commissioner for financial services, warned in an interview with CNBC.
France’s Champagne industry is trying to cut the carbon dioxide it emits transporting billions of tiny bubbles around the world, reports The New York Times.
When the European Union stepped in this spring with a €750 billion ($955 billion) rescue package to back Europe’s weaker economies, the threat of imminent default practically disappeared, the New York Times reports.
Nicolas Sarkozy on Wednesday set out his agenda for France’s forthcoming presidency of the G20 group of leading economies, proposing measures to reduce currency fluctuations, curb commodity speculation and speed up reform of international institutions.
Economist Joseph Stiglitz warned that Europe is at risk of going into a double-dip. Meanwhile, Greece's 10-year climbed 30 basis points to 10.55 percent causing renewed concerns about the health of its economy. For right now it looks like the European recovery is showing signs of weakening and possibly sliding back.
A big risk for markets is the fact that faith in the US government's ability to fight the economic markets is eroding, Steen Jakobsen, Chief Investment Officer at Litmus Capital Partners told CNBC Friday.
The decline of the Western economic model will bring about hyperinflation and decades of painful readjustment, Egon von Greyerz, founder of gold investment intermediary Goldswitzerland.com told CNBC Thursday.
Struggling to reduce traffic jams and a high crime rate, Maastricht is pushing to make its legalized use of recreational drugs a Dutch-only policy, banning sales to foreigners who cross the border to indulge.
The prehistoric monument of Stonehenge stands tall in the British countryside as one of the last remnants of the Neolithic Age. Recently it has also become the latest symbol of another era: the new fiscal austerity. The NYT reports.
Unprecedented actions by central banks and governments across the world have averted a melt-down in the global economy but commentators say we are not out of the woods yet.
The July rise in wheat prices, the fastest in 51 years, indicates that shortages in agriculture are coming, Jim Rogers, chairman of Rogers Holdings, told CNBC.com Tuesday.
A week after the authorities released results of stress tests on the largest European banks, market data is starting to provide an indication of whether the exercise had the desired effect on confidence. The answer: sort of. The NYT explains.
Fears over a double-dip recession for the global economy are waning, but investors should be more worried about ultra-loose policy from the Federal Reserve, according to Joachim Fels, the co-head of economics at Morgan Stanley.
Gold and oil prices are flashing warning signals that this summer may look more like the summer before the collapse of Lehman Brothers, a currency strategist warns.
Following last week's European Union stress test results and news that Basel III liquidity rules have been watered down, one analyst said it could be time to get back into a number of European banking stocks.