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Europe Stock Market News, Business News, Financial, Earnings, World Market News and Information Highlights

Painting a Profit: 10-Year Boom Ahead for Art? Friday, 8 Feb 2013 | 7:52 AM ET
Pablo Picasso's Femme pres d'une fenetre

The art market is to experience a "10- year boom" according to an expert, as investors from China and the Middle East drive demand towards unprecedented levels.

Horses stand in a pasture

Testing has confirmed that beef lasagna produced by food manufacturer Findus contained horsemeat, Britain's Food Standards Agency (FSA) said on Thursday.

Osborne Drops Taxes to Lure Bolt to London Thursday, 7 Feb 2013 | 8:29 AM ET
Usain Bolt

Olympic sprint champion Usain Bolt and other overseas athletes will be able to compete tax-free in this year's London Diamond League event at the Olympic Stadium after the British finance minister agreed to a "one-off" exemption.

Election Focuses on Lombardy Battleground Thursday, 7 Feb 2013 | 5:48 AM ET
Mario Monti

Voters across Lombardy, the industrial heartland of Italy, which calls Milan its capital, may well decide the outcome of the election – and the fate of Mario Monti, Italy's technocratic prime minister now seeking a political mandate. The FT reports.

What Big Mac Prices Say About Europe's Economy Thursday, 7 Feb 2013 | 4:14 AM ET

Forget about statistics for employment and industrial production, it is being claimed that the price of a hamburger is showing where Europe's economic reforms are working - and where they are not.

Spanish Football Clubs Face Debt Hangover Wednesday, 6 Feb 2013 | 8:28 AM ET
FC Barcelona

Spanish football clubs spending less on players speaks to the league's ongoing problems with debt.

'Bringing Down the House': S&P's Parody Not a First Wednesday, 6 Feb 2013 | 7:30 AM ET
Judge

If you thought people in accounting and analyst jobs were boring, think again. Some have real creative talent, but occasionally their audience is far bigger than intended.

Aer Lingus Can Live Without Ryanair Wednesday, 6 Feb 2013 | 4:18 AM ET
plane-taking-off-at-dusk_200.jpg

Irish airline Aer Lingus said on Wednesday an attempt by Ryanair to buy the company was likely to fail, and pointed to a jump in profits last year as proof it could flourish on its own.

The Taliban Tax: Mafia Tactics Employed Wednesday, 6 Feb 2013 | 1:19 AM ET

The Taliban is embracing mafia-style tactics in Pakistan’s wayward port city of Karachi, the Global Post reports.

Emirates Airline Signs Formula One Sponsorship Deal Tuesday, 5 Feb 2013 | 6:27 AM ET

Emirates airline sealed a five-year branding deal with Formula One motor racing on Tuesday as it tries to outdo regional rivals for global prominence.

Who Says Money Doesn't Buy Happiness? Monday, 4 Feb 2013 | 10:50 AM ET

A new survey from Spectrem Group finds that only 20 percent of affluent and wealthy investors agree that "money can buy happiness."

Portrait of King Richard III

British researchers said on Monday that a skeleton with a cleaved skull and a curved spine entombed under a car park was that of Richard III, solving a 500-year-old mystery about the final resting place of the last English king to die in battle.

Electric Cars Head Toward Another Dead End Monday, 4 Feb 2013 | 4:43 AM ET
Vice chairman of Toyota Motor, Takeshi Uchiyamada (R), introduces the company's new compact electric vehicle called the 'eQ', at the company's showroom in Tokyo on September 24, 2012.

Are electric cars running out of juice again? Recent moves by Japan's two largest automakers suggest that the electric car, after more than 100 years of development and several brief revivals, still is not ready for prime time.

Is Samsung Closing the Image Gap With Apple? Thursday, 31 Jan 2013 | 10:13 PM ET

Millions of smartphone users around the world who are now viewing Samsung's mobile devices in a new light and opting for them over Apple's devices.

‘It's Horrible Here,’ UK May Tell EU Migrants Thursday, 31 Jan 2013 | 7:20 AM ET
A British riot policeman stands guard in front of a burning building and burnt out car in Croydon, South London.

There are hardly any jobs, generally low wages and it rains all the time: Not the usual picture that a country wants to portray of its culture or economy. However, U.K politicians are considering launching a negative publicity campaign in Eastern Europe to deter potential migrants from coming to the U.K. in search of jobs.

Start the 'Rocky' Music—Structured Finance Is Back Thursday, 31 Jan 2013 | 5:17 AM ET

Structured finance deals of a type last seen before the financial crisis are set to come back in 2013, according to market experts, signaling a return to the credit boom in 2004.

Spain's Clandestine Restaurants Hide From Taxman Thursday, 31 Jan 2013 | 2:35 AM ET

Economic hardship has inspired a full range of clandestine entrepreneurship in Spain. The combination of higher taxes and unemployment has pushed desperate Spaniards to convert their apartments and underused lofts and warehouses into jazz clubs, hair salons, restaurants and even flamenco halls.

Chinese Millionaire Fights Pollution With Thin Air Wednesday, 30 Jan 2013 | 11:10 PM ET
Severe Air Pollution Continuous In Beijing

China's foulest fortnight for air pollution in memory has rekindled a tongue-in-cheek campaign by a multimillionaire with a streak of showmanship who is selling canned fresh air.

JPMorgan Bet Against Itself in 'Whale' Trade Wednesday, 30 Jan 2013 | 1:44 AM ET
jpmorgan loss--808785426_v2.jpg

There is a new twist in the London Whale trading scandal that cost JPMorgan Chase $6.2 billion in trading losses last year. Some of the firm's own traders bet against the very derivatives positions placed by its chief investment office, said three people familiar with the matter.

Latte Prices May Get Frothy as Coffee 'Rust' Blights Crop Wednesday, 30 Jan 2013 | 12:03 AM ET

Brace yourself for a costlier latte. Coffee leaf rust - a fungus-borne disease devastating to plantations - has returned to plague crops in Central America, a region supplying 14 percent of the world's global production.

The city of Dijon has just sold off half of its prized municipal wine cellar to help fund local social spending – including a bottle of 1999 Burgundy knocked down at auction for 4,800 euros to a Chinese buyer. The FT reports.

Fitch: UK Faces Significant Risk of Downgrade Tuesday, 29 Jan 2013 | 3:27 AM ET

The U.K. faces a "significant" risk of losing its triple-A rating, as its economy has worsened since it was placed on negative outlook last year, David Riley, Fitch Ratings global managing director for sovereign ratings, told CNBC.

World's Most Expensive City to Rent Is... Tuesday, 29 Jan 2013 | 2:05 AM ET

Asia's financial capital Hong Kong retained its top spot as the world's most expensive city to rent a high-end apartment as robust demand on the island, a popular destination for employees looking to relocate overseas, and constrained supply, kept prices elevated.

Shale Gas Boom Now Visible From Space Monday, 28 Jan 2013 | 9:50 AM ET

Oil companies at the heart of the US shale oil boom are burning off enough gas to power all the homes in Chicago and Washington combined in a practice causing growing concern about the waste of resources and damage to the environment.

Most French People Want 'Les Rosbifs' to Leave EU Monday, 28 Jan 2013 | 3:50 AM ET

The British Prime Minister threw down the gauntlet on EU membership last week, announcing a referendum on U.K. membership of the EU by 2017. Now a new opinion poll in France shows a majority of the French population favor an exit by the British - "Les Rosbifs" - from the Union.

Icahn, Ackman in Epic Showdown of Billionaires Friday, 25 Jan 2013 | 1:59 PM ET
Carl Icahn (L), Bill Ackman (R)

Call them the "Bickering Billionaires," two financial titans who squared off in a breathtaking, unforgettable smackdown Friday on CNBC.

UK GDP Drop Raises Risk of Triple-Dip Recession Friday, 25 Jan 2013 | 6:15 AM ET
Auto parts production workers work on a production lines making both metal and plastic bumpers.

The U.K. economy contracted more sharply than expected in the final quarter of 2012, the country's statistical agency said on Friday.

Would Cyprus Bailout Mean Underwriting Dirty Money? Friday, 25 Jan 2013 | 3:20 AM ET
Kakopetria in Solea Valley, Trodos, Cyprus

When compared to the hundreds of billions of euros used to prevent Greece from collapsing, the €11 billion needed to recapitalize the banks of Cyprus is a relatively small sum. But Cyprus, the fourth euro zone country applying for financial aid in order to prevent a state bankruptcy, has potential creditors pausing just the same. Their reason: concerns that Cypriot banks are a haven for money laundering.

Did UK’s Cameron Say What Everyone Was Thinking? Thursday, 24 Jan 2013 | 4:25 AM ET
David Cameron

After causing widespread consternation among his European Union (EU) partners with a speech calling for the EU to change, U.K. Prime Minister David Cameron has appeared politically isolated. However, support for his position appears to be growing, at least in some quarters within the EU.

Barclays CEO: We Were Too Aggressive, Self-Serving Thursday, 24 Jan 2013 | 3:36 AM ET

Barclays CEO Antony Jenkins told CNBC in Davos that the bank was too aggressive and too self-serving in recent years, as it seeks to put the manipulation of Libor and other scandals behind it.