The European economy will continue to stabilize albeit slowly this year as the euro zone crisis looks to be contained, a number of CEOs told CNBC at the World Economic Forum in Davos, Switzerland.
With billions of dollars' worth of distressed assets in its banks waiting to be snapped up by more intrepid investors, Europe is one of the "largest emerging markets" in the world, according to the chief executive of global private equity firm The Carlyle Group.
British unemployment fell for the 10th quarter running at the end of last year and jobless claims hit their lowest since mid-2011 in December, a rare bright spot as the economy flirts with another recession.
Rating agencies are wrong to be concerned about South Africa, the country's finance minister told CNBC at the World Economic Forum on Wednesday, arguing that the country has its finances under control.
The Bank of England's inflation-targeting remit needs to be fine-tuned but should not undergo fundamental change, central bank governor Mervyn King said in a wide-ranging speech on Tuesday.
While the banking industry is being "attacked" from all sides, Standard Chartered's CEO tells CNBC that the Asia-focused bank is looking forward to the year, which has got off to a good start.
Barclays has launched a consultation with staff in its investment bank whose jobs are at risk following a strategic review by new Chief Executive Antony Jenkins, the bank said on Tuesday.
The euro zone can begin 2013 with more confidence than last year but it is up to governments to carry the bloc forward with reforms while the European Central Bank delivers stable prices, ECB President Mario Draghi said on Tuesday.
German business software maker SAP issued guidance for 2013 operating profit that beat market expectations, and the company's co-Chief Executive Jim Hagemann Snabe told CNBC the software industry is being split into two.
Germany's Siemens posted a slight decline in quarterly profit due to charges for a delayed high-speed train order and its new savings program.
BHP Billiton, the world's biggest mining company, boosted its iron ore output by 3 percent in the December quarter, as it races to supply more of the raw material to Chinese steelmakers despite signs of a softening market.
France and Germany recently issued a joint postage stamp as part of a yearlong celebration of the 50th anniversary of the Elysee Treaty, the landmark agreement between the two former enemies. The New York Times reports.
Cyprus, rather than Spain, Italy or Greece, poses the biggest sovereign risk to the euro zone, according to Charles Dallara, the managing director of the Washington-based bank lobby group, the Institute of International Finance (IIF).
The EU's economic and monetary affairs commissioner Olli Rehn has told CNBC that he backs the idea of granting an extension to Ireland and Portugal on their bailout loans.
Spanish Prime Minister Mariano Rajoy is facing an escalating political storm after his former party treasurer was accused of tax evasion and fraud linked to a 22 million euro fortune hidden in Swiss bank accounts.
As business leaders from across the world prepare to touch down in Switzerland, a new survey has revealed that just 18 percent of the public trusts business leaders to tell the truth.
A majority of European Union finance ministers voted on Tuesday to allow Germany, France and nine other euro zone countries to prepare to introduce a tax on financial transactions, said two officials who attended the meeting.
Ahead of Prime Minister David Cameron's speech outlining his vision for the new U.K. relationship with the European Union, a recent poll shows that the majority of young people in the U.K. back the "European project".
Loading central banks with more tasks and pressing them to pursue more aggressive monetary policies could risk a round of competitive devaluations, European Central Bank policymaker Jens Weidmann said on Monday, citing pressure on the Bank of Japan.
European companies are under mounting pressure to come clean about overpriced acquisitions after regulators found that losses taken on past deals were suspiciously low. The FT reports.
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.