French President, Francois Hollande, says it took a lot of time but it was a "positive night for Europe."» Read More
Concern is mounting that Germany is drifting apart from other countries at the core of the single currency bloc, notably France.
Tens of thousands of Greeks took to the streets of Athens on Wednesday during a nationwide strike against wage cuts and high taxes that kept ferries stuck in ports, schools shut and hospitals with only emergency staff.
British Prime Minister David Cameron arrives in India on Monday to try to win new investment in the face of fierce global competition.
French efforts to divert Europe from economic austerity have foundered twice in a week due to German resistance, underlining a growing policy divide that is hobbling the core partnership.
European Union leaders reached agreement on the first ever cut in their common budget on Friday after 24 hours of talks, seeking to placate millions at home struggling through government cutbacks and recession.
Google is to pay 60 million euros into a special fund to help French media develop their presence on the Internet.
Algeria said on Sunday it expected heavy hostage casualties after its troops ended a desert siege, but Western governments warned against criticizing tactics used by their vital ally in the struggle with Islamists across the Sahara.
Manji Cheto, West African analyst, tells CNBC that France's aim to be out of Mali in a matter of weeks is extremely unrealistic.
France unveiled a long-awaited bank reform, hailing it as a model for the rest of Europe even as critics said it fell short of President Francois Hollande's campaign pledge to get tough with the financial sector.
The French actor, accused by French government leaders of being "pathetic" and unpatriotic in trying to dodge taxes by buying a house over the border in Belgium, has hit back at politicians.
Europe's leaders agreed to press on with further steps to shore up their finances and sustain momentum in tackling the debt crisis on Friday, a day after clinching a deal on banking supervision and approving long-delayed aid to Greece.
Actor Gerard Depardieu's decision to establish residency in Belgium, which does not have a wealth tax, by buying a house just over the border with France, is "pathetic" and unpatriotic, French Prime Minister Jean-Marc Ayrault said on Wednesday.
Francois Henri-Pinault the CEO of luxury retail company, PPR spoke to CNBC's Maria Bartiromo about the US fiscal cliff and about the business and economic climate in France.
The accord to wind down a Franco-German power-sharing pact came weeks after talks broke down to merge the group with UK arms firm BAE Systems, taking advantage of the groundwork for the failed $45 billion deal.
The currency area's escape route hinges more on the pace of expansion in the United States and China, lifting the world economy, than on the policy mix in Europe, which will continue to favour austerity over growth in 2013.
The number of people out of work in France soared again in October to hit its highest level in 14-and-a-half years, piling pressure on Socialist President Francois Hollande who has promised to halt the relentless rise by the end of 2013.
François Hollande demanded on Tuesday that Lakshmi Mittal, the steel magnate, guarantee the long-term future of workers at a disputed plant in northern France or face the threat of a state takeover of the operations.
Plans by Arcelor Mittal to close two furnaces in North Eastern France have led to a bitter dispute, with one minister claiming the steel magnate is no longer welcome in France.
Jane Foley, senior currency strategist at Rabobank, tells CNBC that Moody's downgrade of France's credit rating from AAA to Aa1 may be the shock that France needs to turn around its economy and regain competitiveness.