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Europe Top News and Analysis

  • One in Five UK Shops to Disappear by 2018 Wednesday, 29 May 2013 | 4:45 AM ET

    The U.K. will have the highest online retail sales of any country by 2018 as a greater number of shoppers shun the High Street, forcing the closure of one in five shops over the next five years.

  • Swiss Mull Giving Up Thousands of Bank Client Names Wednesday, 29 May 2013 | 4:17 AM ET

    The Swiss government is considering a proposal to disclose bank client names and pay a multibillion-dollar fine to the United States to resolve a dispute over tax-evasion cases. The New York Times reports.

  • Currency War Could Heat Up When Carney Joins BoE Wednesday, 29 May 2013 | 4:06 AM ET
    Incoming Bank of England Governor Mark Carney

    Mark Carney may move to depreciate the pound, according to Pimco, a gambit which would see the U.K. join the global battle of countries competing to soften their currencies.

  • Apple to Release Several 'Game Changers': Cook Wednesday, 29 May 2013 | 3:36 AM ET
    Apple's flagship New York store.

    Apple CEO Tim Cook said that he expects the company to release "several more game changers" and hinted that wearable computers could be among them.

  • 'Profitability Has Become a Bad Word' Wednesday, 29 May 2013 | 2:21 AM ET

    While banks must be "credible" and have capital buffers in place, they also must remain profitable to prevent them from taking unnecessary risk, the German central banker responsible for financial stability said.

  • Banks Navigated Rulebooks for 20 Years: BoE’s Tucker Wednesday, 29 May 2013 | 2:12 AM ET
    Paul Tucker, deputy governor of the Bank of England.

    The Bank of England's deputy governor, has accused investment banks of spending the last 20 years trying to dodge the rules.

  • Volatile US Bond Market a Major Risk, Warns OECD Wednesday, 29 May 2013 | 12:51 AM ET

    Instability in the U.S. bond market arising from a tapering of quantitative easing (QE) poses a major threat to the outlook for the global economy, OECD warned on Wednesday.

  • The 'Great Rotation'—Is It Finally Happening? Wednesday, 29 May 2013 | 12:07 AM ET

    The sell-off in U.S. Treasurys on Tuesday, which took yields to their highest levels in over a year, and record high equities have once again given rise to talk that the "great rotation" may finally be here.

  • Has a New Era Dawned for the Greenback? Tuesday, 28 May 2013 | 11:35 PM ET

    Signs of strength in the U.S. economy, a stock market boom and the prospect of the U.S. becoming a net oil exporter suggest the tide may be turning for the dollar.

  • Why People Get So Emotional About Gold Tuesday, 28 May 2013 | 10:19 PM ET

    Why are so many people so upset with me for trying to explain the reason for the fall in gold prices? Asks this expert.

  • European Union Eases Hard Line on Austerity Tuesday, 28 May 2013 | 9:07 PM ET

    Brussels will on Wednesday give its clearest signal yet that it is moving away from a crisis response based on austerity, allowing three of the EU's five largest economies to overshoot budget deficit limits. The FT reports.

  • US Busts Bitcoin-Like Cyberscheme in Costa Rica Tuesday, 28 May 2013 | 1:25 PM ET

    U.S. authorities said on Tuesday they have shut down a Costa Rica-based money transfer company that allegedly provided a digital currency used around the world by cyber-criminals.

  • Taxman Puts Foot in the Door of Short-Term Rentals Tuesday, 28 May 2013 | 12:49 PM ET
    An available short-term rental in San Francisco, listed on Aribnb.

    Just when thousands of urbanites thought they discovered a gold mine in renting out their apartments on Airbnb, regulators and tax collectors are flexing their power.

  • French Central Bank Chief Urges Spending Cuts Tuesday, 28 May 2013 | 9:13 AM ET
    Christian Noyer, governor of the Bank of France and a member of the European Central Bank governing council.

    The French central bank chief urged President Hollande and his government to stop hiking taxes and to cut government spending. His comments on Tuesday echoed ratings agency Standard & Poor's calls.

  • Germany to Blame for Euro Zone Crisis: Study Tuesday, 28 May 2013 | 9:00 AM ET
    Polish migrant workers harvest asparagus in Germany

    Germany's insistence on keeping wage growth in check has given the country an unfair competitive advantage and is preventing troubled countries from returning to growth, a new study argues.

  • Hungary Cuts Interest Rate To New Record Low Tuesday, 28 May 2013 | 8:58 AM ET
    Hungarian air racer Zoltan Veres flies under the oldest bridge in Budapest.

    Hungary's central bank lowered its key interest rate by another 25 basis points to 4.5 percent on Tuesday. It is the tenth consecutive 25 basis point cut.

  • Worried About OPEC Meeting? You May Be the Only One Tuesday, 28 May 2013 | 8:25 AM ET
    The logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen at the headquarters building in Vienna.

    Oil traders should not lose too much sleep worrying about what OPEC, often unpredictable and quarrelsome in the past, will do when it meets next week.

  • King Gives Up Royal Yacht, but Donors Want It Back Tuesday, 28 May 2013 | 8:18 AM ET

    Juan Carlos of Spain wants to turn over his 136-foot yacht to the government "for austerity reasons." But it wasn't the government who gave it to him.

  • Bank of America Slashes Silver Forecast by 25% Tuesday, 28 May 2013 | 7:46 AM ET

    Bank of America Merrill Lynch has sliced its 2013 outlook for silver, in a warning sign for investors that view it as a leading indicator for gold.

  • Credit Suisse Warns of US Tax Spat Escalation Tuesday, 28 May 2013 | 7:19 AM ET

    Credit Suisse's chairman warned that a long-running tax dispute with the United States over hidden Swiss bank accounts could easily escalate and spill over to rivals if not settled.

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