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CNBC's Simon Hobbs reports on all the market moving events in Europe today, including
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Major business events and economic events scheduled for Friday:. WASHINGTON _ Commerce Department releases durable goods for April, 8:30 a.m. Eastern. BERLIN _ Germany's Ifo institute releases its monthly index of business confidence, a closely watched indicator for Europe's biggest economy.
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That image problem needs addressing in part because Germany needs to attract foreign workers to make good shortages at home, while the bilateral nature of the initiatives is a measure of its leaders' frustration at the slow pace of the European Commission in taking action to deal with soaring joblessness among the young.
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BRUSSELS, May 23- The European Union is pledging 5 billion euros to boost research on semiconductors and other electronics items used in everything from smartphones to cars, in a bid to boost the sector which is lagging U.S. and Asian rivals.
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*Calls on Europe to rethink push toward austerity. WASHINGTON, May 23- The United States on Thursday called on Europe to act decisively to boost its economy and counter the risk of a protracted stagnation that would undermine economic growth in America.
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LONDON, May 23- A benchmark European equity index had its worst one-day fall in nearly a year on Thursday, hit by worries over a possible end to U.S. economic stimulus measures, with mining and auto stocks among the worst performers.
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CNBC's Simon Hobbs reports on all the market moving events in Europe today, including
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*Jeering protesters gather outside AGM venue. FRANKFURT, May 23- Deutsche Bank's bosses tried to convince sceptical shareholders at a lively annual meeting on Thursday that the bank was on the right track again after facing a host of legal problems.
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PARIS, May 23- Christine Lagarde has made her mark as International Monetary Fund chief by taking a firm yet pragmatic stance in the austerity-versus-growth debate raging as Europe struggles to pull itself out of a long crisis.
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BRUSSELS, May 23- Lufthansa, United Airlines, Continental and Air Canada won approval from EU antitrust regulators on Thursday for their transatlantic tie-up after agreeing to give up airport slots in Frankfurt and New York.
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LONDON, May 22- Share markets fell sharply on Thursday as investors piled back into safer assets, unnerved by the twin setbacks of unexpected weakness in China's economy and signals that the U.S. central bank may soon scale back its stimulus programme.
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LISBON, May 23- President Anibal Cavaco Silva thanked Portugal's patron saint for a long-delayed approval of Lisbon's bailout review last week, but the head of state could claim a share of the credit for himself.
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*Euro zone business downturn eases in May. LONDON, May 23- The downturn across euro zone businesses eased slightly this month, although a dearth of new orders means the bloc's economy is likely to contract again in the second quarter, business surveys showed on Thursday.
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Federal Reserve Chairman Ben Bernanke and weakness in China's factory activity rattled Asian markets on Thursday, sending stock prices down, the U.S. dollar to three-year highs, and Japanese government bond yields to their highest in a year.
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HONG KONG, May 23- Lenovo Group Ltd's bold acquisitions in its flagship PC business, a foray into mobile gadgets, and a relatively light debt load are setting it apart from PC rivals as industry shipments take their steepest fall in decades.
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HONG KONG, May 23- Lenovo Group Ltd's bold acquisitions in its flagship PC business, a foray into mobile gadgets, and a relatively light debt load are setting it apart from PC rivals as industry shipments take their steepest fall in decades.
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May 22- Cybersecurity researcher HD Moore discovered he could use the Internet to access the controls of some 30 pipeline sensors around the country that were not password protected. U.S. national security experts used to take comfort in the belief that "rational" super powers like China or Russia were their main adversaries in cyber space.
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*Austria to end bank secrecy for foreigners this year. BRUSSELS, May 22- Europe edged closer to lifting banking secrecy on Wednesday after Austria said it was ready to share data on foreign depositors but Vienna's support could fade should efforts to strike a similar deal with Switzerland fail.
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ROME, May 22- Italy's new government, already sinking in opinion polls and riven by internal disputes, on Wednesday began preparing a plan to address one of the main causes of public anger- soaring unemployment among young people.
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VATICAN CITY, May 22- The Vatican's new financial watchdog said on Wednesday it had detected six possible attempts to use the Holy See to launder money last year, citing this as proof of its commitment to transparency.
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NASHVILLE, Tenn.-- Automotive supplier Van-Rob will expand its plant in Tennessee's Coffee County, adding 104 jobs. Company and state officials said Wednesday the company is spending $16.8 million to increase manufacturing in Manchester. Van-Rob, Inc. _ based in Aurora, Canada _ is a division of KIRCHHOFF Automotive.