The U.S. will join the European Union this week in slapping new economic sanctions on Russia for its continued support of separatists in Ukraine.» Read More
The new head of the Vatican bank will need plenty of prayer and strength to rescue its scandal-torn reputation.
Agata Urbanska, CEE Economist at HSBC, tells CNBC that there is a wide consensus interest rates will be cut by 25 basis points in Hungary.
Russia's leading online social network was briefly banned on Friday, in a move dismissed as a "mistake" but which follows intensifying official pressure on the company.
A bank and savings institution in the Czech Republic was closed and all deposits frozen pending a fraud investigation by the Czech central bank and ministry of finance.
George Osborne's attempt to slash £11.5bn off public spending in election year has run into cabinet trouble, after ministers identified only £2.5bn in cuts to their budgets.
Russia is set for 10 years of anemic growth, according to economists, who said the slowdown is predominantly due to low investment and structural factors.
Poland is forecast to grow in line with crisis-mired Ireland this year, as euro zone woes hit Eastern Europe.
Robert Simoncic, CEO of Slovak Investment & Trade Development, tells CNBC that for Slovakia it is important that Europe is fiscally responsible as they are heading towards less than 3 percent deficit.
Fistfights broke out in Venezuela's parliament on Tuesday during an angry session linked to the South American nation's bitter election dispute.
Deutsche Bank said it will beef up its balance sheet with a 2.8 billion euro capital increase and unveiled forecast-beating first-quarter earnings following a wave of aggressive cost cuts.
There are still good reasons for countries to join the euro zone, despite its difficulties at the moment, European Central Bank Executive Board member Joerg Asmussen said on Monday. Emerging economies in eastern Europe are among potential candidates to join the single currency.
Prime Minister Shinzo Abe hopes talks with President Vladimir Putin on Monday will revive efforts to end a territorial dispute that has prevented the nations signing a treaty to end World War Two.
Up to half the 21 companies where the U.K. government has a shareholding could be wholly or partly privatized in the next few years, a senior official has said.
Finance leaders of the G-20 economies on Friday edged away from a long-running drive toward government austerity in rich nations, rejecting the idea of setting hard targets for reducing national debt in a sign of worries over a sluggish global recovery.
Major debt restructuring for both Cyprus and Greece will probably force the struggling euro zone countries to leave the single currency, according to Citigroup.
The euro zone will slow its budgetary belt-tightening to help reinvigorate economic growth, a top EU official said on Thursday.
Romania expects to pass legislation this week to compensate all owners of property seized under communism, seeking to draw a line under a haunting past more than 20 years after the overthrow of Nicolae Ceausescu.
The European Union could be losing more than 5 billion euros ($6.5 billion) a year from its budget due to fraud, according to a damning new report by the U.K.'s upper house of parliament.
Marcus Svedberg, Chief Economist at East Capital says crisis management is appallingly bad in Europe, but he points to Latvia as an example of a success story in governmental austerity measures.
Chinese leaders didn't directly name North Korea but everyone knew who they meant when the warned against "troublemaking on China's doorstep."