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Europe Top News and Analysis

  • Italy Elections Could Derail Economy Further Monday, 18 Feb 2013 | 3:47 AM ET

    As Italian elections approach and the gap between the right and left-wing candidates closes, analysts fear that the tight political race could result in a hung parliament, an outcome that could easily derail Italy's already-fragile economy.

  • Only One in Three Wants UK to Stay in EU Monday, 18 Feb 2013 | 3:09 AM ET

    David Cameron, Ed Miliband and Nick Clegg have an uphill struggle before any EU referendum according to a poll that says only one in three would vote to stay in the bloc, the FT reports.

  • Carlsberg Earnings Lag as Russia Stalls Monday, 18 Feb 2013 | 1:33 AM ET
    Cans of Carlsberg beer stand on display at the company's store at the headquarters of Carlsberg A/S in Copenhagen, Denmark.

    Danish brewer Carlsberg on Monday reported operating earnings slightly below forecasts as its key Russia market stalled.

  • Britain's Cameron in India Amid Graft Scandal Monday, 18 Feb 2013 | 12:52 AM ET
    David Cameron

    British Prime Minister David Cameron arrives in India on Monday to try to win new investment in the face of fierce global competition.

  • Currency Warriors Need a Dose of Tough German Love Sunday, 17 Feb 2013 | 11:46 PM ET
    European Central Bank (ECB) headquarters in Frankfurt, Germany.

    Does it make sense to accuse the Fed and the ECB of spurring global currency wars when they are stimulating economic growth so that the U.S. and the euro area can lead the world to greater prosperity?

  • Lagarde: Currency War? More Like Currency Worries Sunday, 17 Feb 2013 | 10:41 PM ET
    Christine Lagarde, managing director of the International Monetary Fund

    The head of the International Monetary Fund (IMF) Christine Lagarde strongly dismissed concerns over a so-called currency war on the sidelines of the Group of 20 nations (G-20) meeting of finance ministers and central bankers in Moscow.

  • Why G-20 Isn't a Sign That Yen Will Fall Further Sunday, 17 Feb 2013 | 10:32 PM ET

    Analysts warned against expecting a further drop in the yen even as it continued its slide against the dollar on Monday after global finance ministers at the weekend avoided directly criticizing Japan for pursuing policies that have led to significant weakness in its currency.

  • Did the G-20 Just Signal Further Global Easing? Sunday, 17 Feb 2013 | 3:55 PM ET
    International Monetary Fund (IMF) Managing Director Christine Lagarde (C) attends a meeting of G20 states finance ministers.

    By letting Japan off the hook and urging action to address the weak global economy, G-20 policymakers may have signaled that further easing could lie ahead.

  • Tolstoy a Better Read Than the UK Tax Code: Osborne Sunday, 17 Feb 2013 | 1:15 PM ET
    Count Leo Nikolayevich Tolstoy, (1828 - 1910), Russian writer.

    "Tolstoy is also a better read. Tax rules ... were developed by the League of Nations after World War I. They've not kept pace with the changes in the world economy," the U.K.'s chancellor of the exchequer told CNBC.

  • Russian Region Begins Cleanup After Meteor Impact Saturday, 16 Feb 2013 | 12:56 PM ET
    A meteor crashing in central Russia's Ural mountains.

    A small army of workers set to work Saturday to replace the estimated 200,000 square meters (50 acres) of windows shattered by the shock wave from a meteor that exploded over Russia.

  • New Pope Election Could Start Before March 15 Saturday, 16 Feb 2013 | 11:19 AM ET
    Black smoke is seen from the roof of the Sistine Chapel.

    The conclave to choose Pope Benedict's successor could give the Roman Catholic Church a new leader by mid March, the Vatican said.

  • G-20 Defuses 'Currency War,' Japan Off the Hook Saturday, 16 Feb 2013 | 12:56 AM ET

    The Group of 20 nations declared on Saturday there would be no 'currency war' and deferred plans to set new debt-cutting targets in an indication of concern about the fragile state of the world economy.

  • Whither Gold? Bears Circle as Rally Hits Speed Bump Friday, 15 Feb 2013 | 2:19 PM ET

    Despite fundamentals that should be contributing to a strong rally, gold is clearly losing steam. A slow decline that began late last year is quickly snowballing into a sell off.

  • World's Largest Trove of Tiny Cars Goes to Auction Friday, 15 Feb 2013 | 11:37 AM ET
    Lot 584_1959 BMW Isetta 'Whatta Drag'.

    Candy king Bruce Weiner is selling off his collection of more than 200 "microcars" for an expected haul of more than $6 million.

  • Sewage stenches, dwindling food supplies, makeshift beds: See what passengers experienced inside the Carnival Triumph.

  • They Actually Plan to Mine Asteroids. Here’s How Friday, 15 Feb 2013 | 10:24 AM ET

    Peter Diamandis and Eric Anderson of Planetary Resources see near-Earth asteroids like 2012 DA14 as the next frontier in mining.

  • Europe Is Cheap, but Not Very Cheerful: SocGen Friday, 15 Feb 2013 | 9:29 AM ET

    Societe Generale's Albert Edwards once again dismissed U.S. equities as overvalued, while calling on investors to hurry if they want to find good value European stocks.

  • Meteorite Explodes Over Russia, Over 1,000 Injured Friday, 15 Feb 2013 | 9:28 AM ET
    A meteor crashing in central Russia's Ural mountains.

    A meteorite streaked across the sky and exploded over central Russia on Friday, raining fireballs over a vast area and causing a shock wave that smashed windows, damaged buildings and injured 1,200 people.

  • The Moscow Exchange priced its initial public offering (IPO) at the bottom of the expected price range on Friday in the largest ever offering launched solely on a Russian platform.

  • What Currency War? Move Along, G-20 Leaders Say Friday, 15 Feb 2013 | 6:49 AM ET

    As G-20 finance chiefs from around the world meet on Friday to discuss fears of competitive currency devaluations, policymakers told CNBC that talk of a currency war was misplaced and discussions should instead focus on a how to heal the still fragile global economy.

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