The U.K. bank-to-funerals business announced a £2.5 billion loss, bringing to an end what the CEO called a "disastrous year" for the mutual.» Read More
The United Kingdom has never been the most ardent fan of the European Union. And is it any wonder? When it originally joined the "European Economic Community" just over 40 years ago, it had no idea that legislators based in Brussels would end up telling it that convicted prisoners must be allowed the vote, or that only certain types of bananas could be stocked in a supermarket.
The German government has warned Silvio Berlusconi not to target Berlin in the run-up to elections early next year after the former Italian prime minister attacked the "German-centric" economic policies of his successor Mario Monti.
Italian industrial output fell more than expected in October after stabilizing in the third quarter, suggesting the prolonged recession in the euro zone's third-largest economy is set to deepen in the final months of 2012.
Greek and foreign bondholders offered the targeted 30 billion euros in a debt buyback that is key to the country's international bailout, a Greek government official said on Saturday, suggesting the plan had broadly succeeded.
France's finance minister said on Friday he was not campaigning to replace Jean-Claude Juncker as the new chairman of euro zone finance ministers.
Germany's Dax index, which has risen 28 percent this year to its highest value since January 2008, is positioned to benefit from improvements in the global economy, given its companies' exposure to export markets. The FT reports.
The Bank of England left monetary policy unchanged on Thursday as expected, voting as it did last month not to buy more government bonds and pump money into Britain's stagnant economy.
Italian former Prime Minister Silvio Berlusconi gave a strong hint on Wednesday that he would stand in next year's election, saying he had been "besieged by requests" to run.
Angela Merkel re-elected as party leader by a record margin to fight for a third term as chancellor in 2013.
Pope Benedict's new handle on Twitter will be @pontifex, beating out other contenders that had been considered to showcase the thoughts of one of the world's most visible leaders.
London should be deposed as the euro’s main financial center so the single currency club can “control” most financial business in the euro zone, France’s central bank governor has said. The FT reports.
Herman Van Rompuy, the European Council president responsible for summoning EU leaders to summits, is determined to go ahead with this month’s gathering on the bloc’s 1 trillion euro seven-year budget – despite UK parliament demands for cuts that make an agreement unlikely. The FT reports.
Until recently, Greece had a typical European health system offering universal care, but the unemployed are now often left on their own if they get sick.
Bitcoin fans learnt that one of the virtual currency's exchanges will enforce customer verification checks from Thursday.
Google is challanging Apple's iPhone with MotoX, the FT reports.
The recent move by the Swiss government to allow banks to sidestep secrecy laws won't prevent them from depositing money in the country.