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Europe Top News and Analysis

  • Italy 'Hung, Drawn and Quartered' by Deadlock Tuesday, 26 Feb 2013 | 1:20 AM ET

    European markets are braced for a sell off on Tuesday as Italy's election results could result in a political deadlock, causing economic chaos and further damage to the euro zone.

  • BP Accused of 'Gross Negligence' as Trial Begins Tuesday, 26 Feb 2013 | 1:11 AM ET

    A long-awaited trial over the biggest U.S. offshore oil spill began on Monday, with governments, businesses and individuals blaming BP Plc mostly for the 2010 disaster that killed 11 rig workers and spilled 4 million barrels of oil into the Gulf of Mexico.

  • Euro Rally: Was It Just Too Good to Be True? Monday, 25 Feb 2013 | 11:33 PM ET

    An inconclusive election result in Italy that raises the specter of policy deadlock in the euro zone's third largest economy, appears to have stopped a stellar euro rally and could mark a turnaround in the currency's recent good fortunes, analysts said.

  • Election Returns in Italy Point to Deadlock Monday, 25 Feb 2013 | 10:23 PM ET
    At the center-right Democrats headquarters on February 25, 2013 in Rome, Italy.

    Italy faced political deadlock on Tuesday after a stunning election that saw the anti-establishment 5-Star Movement of comic Beppe Grillo become the strongest party in the country.

  • Bernanke Speaks as Italy Becomes New Headwind Monday, 25 Feb 2013 | 8:42 PM ET

    Fed Chairman Ben Bernanke is expected to provide soothing words about the Fed's easy money policies, but markets may react more to new bearish concerns out of Europe.

  • Mozilla Aims to Outfox Its Mobile Competitors Monday, 25 Feb 2013 | 10:33 AM ET

    Mozilla is hoping to do for the mobile phone industry what it did for browsers: offer more choice and a more open platform for developers.

  • Furniture retailer Ikea says it has halted all sales of meatballs in Sweden after Czech authorities detected horse meat.

  • UK Builders Defy Gloom, but for How Long? Monday, 25 Feb 2013 | 7:04 AM ET
    Construction workers are seen on the job at a new housing development in San Mateo, California.

    The U.K.'s biggest homebuilders have reported sharp increases in profits and signaled a positive year ahead though analysts question whether the good times will last against a backdrop of economic woes.

  • Royalty Pharma in $6.6 Billion Bid for Elan Monday, 25 Feb 2013 | 6:01 AM ET

    Royalty Pharma has made a $6.6 billion bid to buy Elan, seeking to scupper the drugmaker's plan to spend most of the proceeds from a major drug sale on deals.

  • Is the UK the New 'Problem Child' of Europe? Monday, 25 Feb 2013 | 3:56 AM ET

    France has been called the euro zone's 'problem child' but on several key economic metrics the U.K. isn't performing much better.

  • Spain Austerity Protests Turn Violent Monday, 25 Feb 2013 | 2:33 AM ET

    Forty-five people have been arrested in Spain during disturbances following a demonstration on Saturday by tens of thousands of people against spending cuts and allegations of government corruption.

  • RBS to Sell Up to $3 Billion Stake in Citizens Bank Monday, 25 Feb 2013 | 2:01 AM ET
    Royal Bank of Scotland

    British state-backed lender Royal Bank of Scotland is set to signal this week that it plans a partial sale of its U.S. bank Citizens this year or next.

  • UK House Prices: A Rust Not a Bust?     Monday, 25 Feb 2013 | 2:00 AM ET

    Peter Toogood, Investment services director at Old Broad Street Research, tells CNBC that UK house prices have been declining since 2007.

  • Currency Battle Looms for Scotland Monday, 25 Feb 2013 | 1:46 AM ET

    An independent Scotland will be able to keep the pound, the UK government will argue next month – but only if Scottish ministers accept budget constraints set by London. The Financial Times reports.

  • Cyprus' New President Faces Bailout Quagmire Monday, 25 Feb 2013 | 1:32 AM ET
    Nicosia, Cyprus

    Cypriot president-elect Nicos Anastasiades faces weeks of difficult talks with foreign lenders on a financial rescue for the island nation after sweeping to a resounding victory in a run-off election on Sunday.

  • Britain Faces Long-Term Economic Malaise Monday, 25 Feb 2013 | 1:28 AM ET
    David Cameron

    At the root of Moody's decision to downgrade Britain's credit rating is a crucial economic reality: Britain has begun to trail its peers in Europe - even bailed-out euro zone economies - when it comes to bringing down its budget deficit and making it attractive for foreigners to buy its exports. The New York Times reports.

  • UK Suffers Blow, Pound Under New Pressure Saturday, 23 Feb 2013 | 8:17 AM ET

    Moody's downgrade is a blow to the Chancellor of the Exchequer George Osborne, who has stuck to his plan to reduce government spending in the face of slowing economic growth.

  • Spain Hit by New Corruption Case Involving Royals Saturday, 23 Feb 2013 | 7:45 AM ET
    Spanish King Juan Carlos' son-in-law, Inaqui Urdangarin arrives at a courthouse in Palma de Mallorca, on the Spanish Balearic Island of Mallorca, on February 23, 2013, to testify in the Noos corruption case.

    The Spanish king's son-in-law appeared before a judge on the island of Mallorca on Saturday to respond to charges of tax fraud in a six-million-euro embezzlement case that has eroded public support for the once-popular royal family.

  • Italy Election Goes Down to the Wire Saturday, 23 Feb 2013 | 4:02 AM ET

    Two of the four leading candidates in the Italian election are convicted criminals. Such is the state of politics in the world's third most indebted country as Italians go to the polls this weekend to choose a new government.

  • Steve Ballmer, chief executive officer of Microsoft Corp.

    Microsoft said a small number of its computers were infected with malware in an attack similar to the recent ones on Apple and Facebook. There was no evidence of customer data being affected.

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