Chinese tourists have overtaken Germans as the world's biggest-spending travelers after a decade of robust growth in the number of Chinese holidaying abroad, reports the United Nations World Tourism Organisation (UNWTO).
Global central banks are accelerating mostly ineffective policies because they feel they have no choice but to keep trying, Pimco's Mohamed El-Erian told CNBC.
European Central Bank President Mario Draghi said the central bank would keep monetary policy accommodative "for as long as needed".
Strong data from the U.K. services sector in March, coupled with better retail and consumer confidence, may indicate an improving British economy, easing worries that it could enter a triple-dip recession.
A resurgence in European initial public offerings (IPOs) this year, seen recently with the Moleskin’s listing in Milan, will continue with further offerings in Germany in the second quarter, according to Goldman Sachs.
Online currency bitcoin had 20 percent knocked off its price overnight on Thursday as one of its major exchanges became the victim of a hacking attack leading to a sell-off in the virtual currency after reaching an all-time high.
Has Cyprus extended capital controls by another week? That's the mystery facing the market on Thursday.
Supreme Court judges will launch an investigation on Thursday into almost a decade of financial profligacy which brought Cyprus to its knees last month.
The Bank of Japan unveiled sweeping changes to its monetary policy, making clear that it will do all it can to achieve a 2 percent inflation target. But is that enough?
A group of shareholders in Royal Bank of Scotland has launched a multi-million pound lawsuit against the state-owned bank for misleading investors at the height of the credit crisis in 2008.
Barclays steeply cut its oil price forecasts on Wednesday, becoming the last of the big banks active in commodities to abandon its bullish stance.
Italy's caretaker government announced on Wednesday it was delaying approval of a decree to pay back some 40 billion euros of state debts to private firms.
It has been 40 years since the first call was made on a cellphone. Here's a look at how mobile devices have evolved.
Golfers with extravagant tastes are vital to the game’s culture, and upmarket brands have the goods to sell them at top dollar. CNBC.com presents a list of 10 extravagances for the golfer who demands--and can pay for--the best. Read ahead to see what they are and what they cost.
Online currency bitcoin has surged in value since the Cyprus bailout saga sparked global interest in alternatives.
Spanish protesters seeking to stop a wave of evictions have resorted to embarrassing politicians at their homes over harsh mortgage laws that have multiplied the pain of a property crash in the recession-hit country.
French President Francois Hollande announced new measures to prevent corruption in public office after a former budget minister was investigated for tax evasion.
Barclays needs to further rein in pay for top staff if it wants to repair its reputation, a report commissioned by the bank said on Wednesday.
The rate of consumer price inflation in the 17 countries using the euro fell to an annual rate of 1.7 percent in March. It could provide a rationale for an interest rate cut when central bankers meet on Thursday.
The death of Laiki, also known as Cyprus Popular Bank, was brutal. Board members said they had fought to the bitter end.
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.