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  • BERLIN/ HAMBURG, Feb 3- Popular support for German Chancellor Angela Merkel has tumbled to its lowest level for 4 1/ 2 years, a poll showed on Wednesday, with a large majority of voters sceptical that her government has the refugee crisis under control. The survey for public broadcaster ARD also showed a drop in support for Merkel's conservatives, while backing for...

  • Ford looks to shed hundreds of managers in Europe Wednesday, 3 Feb 2016 | 7:28 AM ET

    FRANKFURT, Germany— Ford Motor Co. is looking to cut hundreds of managerial jobs in Europe and phase out less profitable models as it seeks to improve slender profit margins there. Ford said it will also introduce new vehicles to Europe this year such as the Edge SUV and the Focus RS, a higher performance version of the familiar compact. Small SUVs are selling well...

  • Germany considers $5,450 limit on cash transactions Wednesday, 3 Feb 2016 | 6:58 AM ET

    BERLIN— The German government is considering introducing a limit of 5,000 euros on cash transactions in an effort to combat money laundering and financing of terrorism. Deputy finance minister Michael Meister said Wednesday that Germany would like to see a European solution, but could introduce a national limit if none is achieved, news agency dpa reported.

  • *Auto bosses say Germany lags rival countries. FRANKFURT, Feb 3- Germany needs incentives to boost demand for electric cars if it is to retain its leading edge as an automotive market, industry bosses said on Wednesday, a day after a high-level meeting with Chancellor Angela Merkel ended without a deal on subsidies. Germany lags other markets like Norway and the...

  • DIARY-Top Economic Events to Feb 16 Tuesday, 2 Feb 2016 | 7:01 PM ET

    WEDNESDAY, FEBRUARY 3 LONDON- Treasury Select Committee Hearing- The Economic and financial costs and benefits of UK's EU membership with Bank of England's Chief Executive Officer of the Prudential Regulation Authority Andrew Bailey- 1415 GMT. ROME- UK Finance Minister George Osborne and Italian Economy Minister Pier Carlo Padoan take part in a debate...

  • Tuesday's decision by Judge Richard Posner of the 7th U.S. Circuit Court of Appeals highlights the hurdles that passengers can face in holding carriers liable for travel snags, including when foreign laws or code-sharing arrangements are involved. In the first case, the appeals court said Deutsche Lufthansa AG owed nothing to a California man who arrived in...

  • Oil has fallen from $107 to around $30 in the past 19 months. Furious production by the U.S. and OPEC led to an oversupply. In a recent research note, Goldman Sachs predicted "the path to a rebalanced market will be protracted and arduous."

  • With markets in turmoil and talk of further Chinese currency devaluation intensifying, expectations for U.S. rate hikes this year have all but evaporated and central banks from Europe to Canada and Australia are preparing the ground for more easing. "The biggest risk for the world economy at this point is an aggressive policy of devaluation in China," said the...

  • FRANKFURT, Feb 2- Chancellor Angela Merkel summoned auto bosses to Berlin on Tuesday to discuss ways to increase sales of low emissions electric and hybrid cars in the wake of Volkswagen's pollution cheating scandal. BMW, Mercedes-Benz and Audi now rank 12th, 14th and 22nd respectively in terms of global sales of hybrid and electric vehicles, data from LMC...

  • BERLIN— Germany is mulling taking away benefits from asylum-seekers if they refuse to try to learn the language and integrate; Denmark has just approved a measure to let police seize valuables from migrants to help cover their housing and food costs; and an Austrian province this week is expected to more than halve payments to many refugees.

  • More central bank rate cuts coming before any hike Tuesday, 2 Feb 2016 | 9:33 AM ET

    With markets in turmoil and talk of further Chinese currency devaluation intensifying, expectations for U.S. rate hikes this year have all but evaporated and central banks from Europe to Canada and Australia are preparing the ground for more easing. "The biggest risk for the world economy at this point is an aggressive policy of devaluation in China," said the...

  • UPDATE 2- SWEDEN'S EQT AGREES TO PAY PREMIUM FOR KUONI@* Sweden's EQT agrees deal to buy Kuoni* Kuoni board unanimously supports offer* EQT also eyes buying TUI's Hotelbeds unit- sources. The Swiss group said last week EQT was its preferred suitor among several potential bidders wooing it after it sold off European and Asian tour operating businesses last year...

  • The Zurich- based bank, which nevertheless booked higher fourth quarter profits, cited "very low levels of client activity and pronounced risk aversion" as it reported 3.4 billion Swiss francs had flowed out of its wealth management arm, which handles money from rich people outside the U.S. Fourth-quarter outflows from clients in emerging markets and in Europe...

  • BERLIN— German authorities say the country's unemployment rate increased to 6.7 percent in January from 6.1 percent in December, but the rise was due to seasonal factors. The Federal Labor Agency said Tuesday that 2.92 million people were registered as unemployed last month. Agency chief Frank-Juergen Weise pointed to a drop in seasonally adjusted...

  • Want a better career? Check out these countries Monday, 1 Feb 2016 | 7:01 PM ET
    The River Limmat in Zürich

    European countries are the top destinations for people thinking of developing their career abroad, a survey from HSBC has found.

  • FRANKFURT, Germany— European Central Bank head Mario Draghi has warned that the "downside risks" facing Europe's economy have increased due to the recent turmoil in emerging markets. Draghi's remark Monday to the European Parliament in Strasbourg, France, comes as the bank is preparing to consider adding to its stimulus efforts at its next meeting on March 10.

  • European markets close Monday, 1 Feb 2016 | 11:30 AM ET
    European markets close: Banks, airlines on the move

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including merger activity in the Italian banks.

  • NEW YORK, Feb 1- Oil fell up to 5 percent on Monday as weak economic data from China, the world's largest energy consumer, reversed a four-day rally from last week and an OPEC source undermined chances of an emergency meeting to stem the decline. A senior OPEC source told a Saudi Arabian newspaper on Monday it was too early to talk about an emergency meeting of the...

  • *Too early to speak of OPEC meeting- OPEC source in paper. LONDON, Feb 1- Oil fell 4 percent on Monday as weak economic data from China, the world's largest energy consumer, weighed on prices and an OPEC source played down talk of an emergency meeting to stem the decline. "The weak China PMI is driving down prices because China weighs on the entire commodities sector from...

  • *Too early to speak of OPEC meeting- OPEC source in paper. LONDON, Feb 1- Oil fell nearly four percent on Monday as weak economic data from China, the world's largest energy consumer, weighed on prices and an OPEC source played down talk of an emergency meeting to stem the decline. "The weak China PMI is driving down prices because China weighs on the entire commodities...