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Eastern Europe

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  • Ashton Goes from Unknown to Top Diplomat Friday, 20 Nov 2009 | 8:21 AM ET

    European heads of states appointed Baroness Catherine Ashton as the European Union's foreign-policy chief, the so-called first EU Foreign Minister, Thursday evening.

  • Why German Opel Workers Can't Stand GM Friday, 6 Nov 2009 | 6:59 AM ET
    Workers of the Opel plant, a subsidiary of General Motors, in Bochum, western Germany, block the entrance gate on Monday Oct. 18, 2004. Workers protest against plans of the carmaker's parent company General Motors to cut some 10,000 jobs in Germany. (AP Photo/Frank Augstein)

    General Motors is already feeling the backlash of its decision not to sell European automaker Opel to Magna International, as workers in Germany went on strike.  GM faces not just ire over American-European cultural differences, but worker unease at job security, European-style.

  • Crisis Sweeps Through Central and Eastern Europe Tuesday, 3 Nov 2009 | 3:34 AM ET
    The European Union's former communist members spooked the West earlier this year, when some investors and analysts believed their crumbling economies could send shockwaves through the system and even sink the EU.The International Monetary Fund and the EU have pumped billions of euros in Central and Eastern European countries to alleviate the pain of the crisis, but their economies are still suffering. Click ahead to see what they expect for this year.

    The International Monetary Fund and the EU have pumped billions of euros in Central and Eastern European countries, but their economies are still suffering.

  • London Fashion Week Friday, 30 Oct 2009 | 7:12 AM ET

    Held at the iconic Somerset House in London's West End, the catwalk shows and exhibitions highlighted the UK's place in the global fashion landscape along with featuring new talent.

  • New Russia MBA Program Tackles Bribery, Red Tape Wednesday, 30 Sep 2009 | 4:51 AM ET

    A handful of top Russian business figures have created an MBA program that tackles the issues they faced themselves: bribery, relentless bureaucracy, imperfect laws.

  • Young Foreigners Look for Jobs in China amid Crisis Monday, 21 Sep 2009 | 4:15 AM ET

    Young foreigners are coming to China to look for work in its unfamiliar but less bleak economy, driven by the worst job markets in decades in the United States, Europe and some Asian countries.

  • Lots of Technical Talk Wednesday, 2 Sep 2009 | 9:02 AM ET

    Lots of technical talk this morning on yesterday's weakness. RBC Capital Markets, in a note to clients this morning, noted that "An inability to make new highs into late September would be a significant negative for stocks well into Q4."

  • Latvia Will Continue to Defend Currency: C. Banker Wednesday, 19 Aug 2009 | 5:01 AM ET

    Latvia will continue to intervene to defend its fixed-rate currency as it has sufficient foreign exchange reserves to do so, Bank of Latvia governor Ilmars Rimsevics told CNBC in an exclusive interview Wednesday.

  • London Tube Strike Causes Chaos Thursday, 11 Jun 2009 | 6:53 AM ET

    A strike by metro drivers wrought havoc on the streets of London, with thousands of commuters seeking alternative ways to get to work and overground traffic sometimes grinding to a halt.

  • Euro May Bring Europe Down: EU Parliament Member Tuesday, 19 May 2009 | 4:47 AM ET

    The singe European currency may bring the end of the whole European Union, because its one-size-fits-all approach means countries on the "wrong" side of the economic cycle lose out, European MP Nigel Farage said.

  • You've Missed the Rally: Analysts Thursday, 14 May 2009 | 8:34 AM ET

    The recent rally in stocks has run out of steam and there are no reasons for it to come back, two analysts told CNBC Thursday.

  • US Stress Tests Leave Europe's Banks Exposed Saturday, 9 May 2009 | 9:53 AM ET

    The results of the stress tests on 19 of the biggest US banks have left European banks exposed, as they now look vulnerable to recapitalization needs and to claims that not all checks were made to ensure rules were being followed, analysts said on Friday.

  • A U.S. Giant Transforms Eastern Europe Thursday, 7 May 2009 | 11:46 AM ET
    Pig Farm

    European hog farming is being transformed by an agricultural powerhouse operating in far-flung outposts.

  • Erste Bank Profit Falls, Reassures on E. Europe Thursday, 30 Apr 2009 | 6:12 AM ET

    Austrian bank Erste Group sought Thursday to dampen fears that it faces heavy losses in Eastern Europe as it reported a 26 percent fall in first-quarter net profit as provisions for bad loans increased.

  • London Alternative Fashion Week Friday, 24 Apr 2009 | 11:44 AM ET

    Designers emphasized the importance of fashion meaning something during the current recession and suggested consumers will focus on uniqueness and affordability which is what they offer.

  • Swedbank Posts Loss Because of Baltic Exposure Thursday, 23 Apr 2009 | 4:27 AM ET

    Swedish bank Swedbank reported Thursday a first-quarter net loss, disappointing analysts' expectations for a profit, due to large provisions for loan losses in its hard-hit Baltic operations.

  • UK Budget Top Highlights Wednesday, 22 Apr 2009 | 8:37 AM ET

    Chancellor of the Exchequer Alistair Darling predicted that the economy would contract at a rate of 3.5 percent in 2009, with a fall of around 1.6 percent in the fourth quarter.

  • Pressure Grows On Government To Up Green Spending Friday, 17 Apr 2009 | 3:32 PM ET
    Strommasten in Bonn am Montag, 15. Januar 2007. In der Bundesregierung gibt es gegensaetzliche Haltungen zu der von der Europaeischen Union geforderten Zerschlagung der Stromkonzerne. Nach Wirtschaftsminister Michael Glos (CSU) signalisierte auch Umweltminister Sigmar Gabriel (SPD) seine Bereitschaft fr entsprechende Plaene. Dagegen warnte Aussenminister Frank-Walter Steinmeier (SPD) vor einem solchen Schritt. (AP Photo/Roberto Pfeil) ---Power poles in Germany by Bonn, Monday, Jan. 15, 2007. (AP

    With big companies like BP, Shell and Iberdrola scaling back investment in renewable energy, analysts say governments need to pick up the slack.

  • China, India Are Still Hot: Mobius Friday, 17 Apr 2009 | 12:40 PM ET

    The current valuations of emerging markets are attractive and emerging markets also have undervalued currencies, Templeton Asset Management Managing Director Mark Mobius said Friday.

  • Pros Say: ECB Should Help Eastern Europe Friday, 10 Apr 2009 | 1:34 AM ET

    Reports that the IMF suggested that Eastern European countries should adopt the euro as soon as possible to solve their current account deficit and exchange rate problems have been dismissed by some experts.