The chief executive of Japanese technology giant Sony promised an “aggressive,” product-focused turnaround in an interview with CNBC.
The announcement that Antony Jenkins has been appointed as chief executive of troubled U.K. bank Barclays helped stave off bigger losses for the shares on Thursday, following the announcement of a new investigation into the lender.
A rumor that Bundesbank President Jens Weidmann, one of the most strident holdouts against a potential European Central Bank (ECB) bond-buying plan, might resign swept through European markets on Friday.
Since March 2009, when European indices sunk to the lowest in over a decade, continued volatility has meant many investors have been underweight equities. But a turnaround may be on the horizon for European stocks, according to some strategists, who say new policies in Europe could boost equities.
The debate about a Greek Euro exit continues to make headlines in Germany.
The UK government should stimulate the economy by building more houses, the British Chambers of Commerce (BCC) told CNBC on Friday, after the lobby group slashed its growth forecasts for 2012 and 2013.
The euro gained versus the dollar and European stocks got a short-lived boost after a report that Mario Draghi, the European Central Bank chief, would propose unlimited bond buying at a meeting on Thursday.
It should have been the ideal public relations gambit for a politician whose ratings are plummeting in the polls.
British Chancellor George Osborne stays put but a number of high profile figures in the U.K.'s Conservative party cabinet have lost their positions in Prime Minister David Cameron’s first reshuffle since the coalition government took charge in 2010, according to reports from news agencies and the Financial Times.
The UK’s benchmark FTSE index has suffered this year compared to the country’s currency and bonds, a trend that is not set to end anytime soon, according to analysts.
Greece needs to leave the Euro and reintroduce its own currency if it wants to return to growth, Manfred Neumann, an influential German economist who supervised the Bundesbank chief's doctoral thesis told CNBC on Wednesday.
U.K. and German government bonds sold off on Wednesday after weak bond auctions in both countries initially spooked investors, though analysts said it was more likely a sign of investor caution ahead of the ECB meeting on Thursday.
The UK government’s reshuffle of key positions within the cabinet keeps too much of the old guard to get the economy moving, a key business leader told CNBC Wednesday.
The notion of a new U.K. state-backed bank targeting lending to small businesses has gained more currency in recent days.
The cost of freedom under austerity is weighing on ex-prisoners who struggle with financial instability on release from jail and become more likely to re-offend, continuing a vicious circle of crime and punishment -just as prisons approach full capacity across Britain and the rest of Europe, charities told CNBC.
Global markets are at an inflection point and the focus is about to shift from crisis in the euro zone to a crisis in the United States according to David Bloom, the global head foreign exchange strategy at HSBC.
Having a national debt of just 6 percent of gross domestic product (GDP), a budget surplus and economic growth of nearly eight percent in 2011 may sound like an unrealistic economic situation for a euro zone member state these days, but it is Estonia’s economic reality.