Cyprus may be a "special case" in the eyes of European officials, but their handling of its bailout is taking a toll on another small euro zone member with an over-burdened banking sector- Slovenia.
Big depositors at Cyprus' largest bank may be forced to accept losses of up to 60 percent, far more than initially estimated under the European rescue package to save the country from bankruptcy.
Italy's 87-year-old President will face the greatest test of his career as he tries to end the standoff preventing a new government being formed more than a month after elections.
Giorgio Napolitano on Saturday ruled out standing down to make way for new parliamentary elections after the failure of attempts to form a government this week, saying he would stay in place until the very end of his mandate in May.
Under conditions to be announced Saturday, depositors in Bank of Cyprus will get shares in the bank worth 37.5 percent of their deposits over 100,000 euros, while the rest may never be paid back.
The president of Cyprus said on Friday the risk of bankruptcy had been contained and the country had no intention of leaving the euro.
Francois Hollande declared that companies would have to pay a 75 percent tax on salaries over a million euros after his plan for a "super-tax" on individuals was knocked down.
Europe has long been far too tolerant of moral hazard in its banking system. But with the Cyprus plan, the pendulum may now be swinging too far in the opposite direction. The Financial Times reports.
Cyprus conceded on Thursday that tight capital controls would remain in force longer than expected as the island's banks reopened for the first time after the government was forced to accept a tough EU rescue package to avoid bankruptcy.
D.E Master Blenders 1753 said on Thursday it received a 6.4- billion-euro takeover offer from German investor Joh A Benckiser, sending shares of the Dutch coffee and tea maker up more than 25 percent.
As fears grow that the Cyprus crisis could spread to other parts of the euro zone, renowned investor Mark Mobius says that a default is the only way to solve the single-currency bloc's problems.
Italian Economy Minister Vittorio Grilli said on Thursday he had no knowledge of any imminent decision by Moody's to cut Italy's sovereign debt rating.
As gold ETFs celebrate their tenth birthday this month, investors are heading for the exit doors as speculation about an end to the Federal Reserve's loose monetary policy curb the precious metal's rally.
One soccer club in Scotland could be set for great things after a turbulent few years. Time to invest?
While media coverage of cyber threats has been widespread in the U.S., hacking has hardly made headlines in Europe. Experts say this is mainly due to a difference in reporting rules.
Uncertainties surrounding the Cyprus bailout are set to continue for some time, but one way to play the fallout is to buy the Australian dollar, one analyst told CNBC.
Some European citizens are looking to escape their economic troubles by joining an Italian commune.
Cyprus's plan to impose capital controls threatens to test the ties that bind Europe's monetary union and could see euros on the Mediterranean island valued differently to those in the rest of the bloc.
After months of calm in global markets, concerns about the future of the euro zone are back with a vengeance as fears grow that the turmoil in Cyprus could spread to other parts of the region.
Cyprus reopens its banks on Thursday with capital controls in place and guards at branches to help avert bank runs.
Beppe Grillo told CNBC that parties which make up Italy's coalition government will become history.
The Australian dollar has had a swift, hard fall and now Goldman Sachs is predicting it could fall to as low as $0.80.
Billionaire George Soros reduced his holdings of exchange-traded products backed by gold prior to last month's freefall.
London's Mayor accused the former government of leaving young people without the skills to challenge migrants.
London's mayor Boris Johnson's views on low taxes and free markets have drawn parallels with Margaret Thatcher.
Following an uncomfortable 15 minutes with Eddie Mair, London Mayor Boris Johnson also has an in-depth interview with CNBC's Tania Bryer next month.