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

This has been “an exceptionally political year," starting with the problems of the euro zone and concluding with all eyes on Washington as the U.S. teetered atop the “fiscal cliff."

Diageo and Pernod-Ricard are predicting fizzy sales this December as Americans make merry at holiday parties.

Here's a Christmas dinner that may be too rich.

Incoming Bank of England Governor Mark Carney

On top of cramming for his U.K. citizenship test, incoming Bank of England Governor Mark Carney faces a hunt for a family home in London

Arsene Wenger the Manager of Arsenal speaks to Robin van Persie of Manchester United

The second-largest shareholder of U.K. soccer team Arsenal has told CNBC that he is ready to do all he can to help the team and is ready to take control of the club and buy the remaining shares.

The Russian billionaire who is one of Facebook's biggest investors believes that the social networking company's potential is "not fully understood."

Two young businessmen drinking champagne at bar counter

The scale of Libor manipulation at Swiss bank UBS was laid bare today in documents published by U.K. authorities which showed one trader openly boasting of keeping the benchmark rate artificially low.

Cindy Sparr boxes a AK-47 style rifle purchased by a customer at Freddie Bear Sports sporting goods store on December 17, 2012 in Tinley Park, Illinois.

The tragedy of Sandy Hook has sent the stocks of gun makers plummeting, even as consumers appear to be flocking to buy new firearms.

Francesca Pascale, Silvio Berluconi's 28 year old girlfriend.

Global media reports that the former Italian prime minister Silvio Berlusconi announced his engagement have been dismissed by native Italians who say Berlusconi has been mis-translated.

French actor Gerard Depardieu

The French actor, accused by French government leaders of being "pathetic" and unpatriotic in trying to dodge taxes by buying a house over the border in Belgium, has hit back at politicians.

A customer holds a six-pack of Westvleteren 12 at Ales Unlimited on December 12, 2012 in San Francisco, California

Just 15,000 packs of six bottles of Westvleteren 12 were sold in the United States at $85 each this week.

McClaren P1

McLaren Automotive's new P1 "super car" made its North American debut this week in New York.

A Cathay Pacific flight attendant stands next a placard as she and others stage a protest at the international airport in Hong Kong on December 3, 2012.

Flight attendants at Hong Kong airline Cathay Pacific Airways are threatening to withhold food, alcohol and even smiles from passengers during the Christmas holidays over a pay dispute, a union official said Thursday.

Queen Elizabeth II views stacks of gold as she visits the Bank of England with Prince Philip, Duke of Edinburgh on December 13, 2012 in London, England.

During a visit to the Bank of England on Thursday, the Queen was overheard asking whether a "lax" attitude to financial regulation had contributed to the financial crisis.

A photo taken on December 10, 2012 shows a house in the Belgian village of Nechin near Estaimpuis allegedly bought by French actor Gerard Depardieu.

Actor Gerard Depardieu's decision to establish residency in Belgium, which does not have a wealth tax, by buying a house just over the border with France, is "pathetic" and unpatriotic, French Prime Minister Jean-Marc Ayrault said on Wednesday.

Epsom Downs

The rich in UK are often told they should give in numbers more like their American counterparts. Analysis of new study suggests that they do.

Jude Law attends the British Independent Film Awards at Old Billingsgate Market on December 9, 2012 in London, England

The Moet British Independent Film Awards celebrated their 15th anniversary on Sunday, celebrating the most successful year ever for British Independent cinema.

Italian showman Beppe Grillo

The anarchic comedian and blogger who leads one of Italy's most rapidly-growing parties said Prime Minister Mario Monti is a mere "bankruptcy curator" who "needs to disappear."

Glenfiddich Janet Sheed Roberts Reserve

An extremely rare bottle of Glenfiddich single malt scotch may fetch as much as $100,000.

Pier Luigi Bersani

When he won the race to become Italy's center-left candidate, Pier Luigi Bersani said his Democratic Party would have to win by telling "the truth, not fairy tales".

A Maserati Gran Turismo automobile, produced by Fiat SpA, sits on display during the second press day of the Geneva International Motor Show in Geneva, Switzerland, on Wednesday, March 7, 2012.

Italian carmaker Fiat. is investing 1.2 billion euros in luxury brand Maserati, hoping technology and dealerships from its tie-up with Chrysler will help it to take on German rivals BMW and Porsche.

Apple Maps

Police in Australia are warning citizens to not use Apple maps after some motorists using the app have ended up in "life-threatening" situations.

Antarctica Flights/Croydon Travel offering day-trip flights to Antarctica.

Think you can't visit Antarctica in a day? Think again as one company offers day tours onboard a 747.

Mario Monti

Mario Monti’s announcement that he will step down as Italy’s Prime Minister represents a significant setback in the euro zone’s rehabilitation, analysts warned on Monday, with the decision set to push up Italian bond yields and heap pressure on the euro as well as push Spain closer to the edge of a funding crisis.

Silvio Berlusconi represents the country's darker side of Italy in a controversial new documentary

Italian former Prime Minister Silvio Berlusconi gave a strong hint on Wednesday that he would stand in next year's election, saying he had been "besieged by requests" to run.

No matter which way you slice it (sorry), Pizza Hut has long been an innovator in the pizza industry: The chain gave the world stuffed crust, after all. But now Pizza Hut is channeling its creative streak into other ventures, releasing its own Pizza Hut perfume.

The wine cellar of legendary restaurant elBulli will be sold in two auctions at Sotheby's next Spring in New York and Hong Kong.


The United States may have the world's largest economy, but it does not even crack the top ten percent when it comes to a perceived lack of corruption, according to Transparency International.

European Central Bank (ECB) headquarters in Frankfurt, Germany.

Will the tumult in Europe quiet down in the year ahead?

Pope Benedict XVI waves to the faithful as he arrives at the St. Peter's Basilica for a mass with newly appointed cardinals on November 25, 2012 in Vatican City, Vatican.

Pope Benedict's new handle on Twitter will be @pontifex, beating out other contenders that had been considered to showcase the thoughts of one of the world's most visible leaders.