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

Now Venezuela Is Running Out of Toilet Paper Thursday, 16 May 2013 | 6:50 AM ET

First milk, butter, coffee and cornmeal ran short. Now Venezuela is running out of the most basic of necessities - toilet paper.

Russia’s Economy Could Be Next Big Underperformer Thursday, 16 May 2013 | 12:00 AM ET

Russia is set for 10 years of anemic growth, according to economists, who said the slowdown is predominantly due to low investment and structural factors.

'Gold Is Toast!' Why It Could Drop to $500: Pro Wednesday, 15 May 2013 | 1:15 PM ET

Gold is a "classic bubble" and could go drop to $500 an ounce, Fortress Investment's Michael Novogratz tells CNBC. "Once bubbles pop, they go all the way down," he says.

Wealthy Pour More Money Into Vineyards Wednesday, 15 May 2013 | 6:56 AM ET

The world's wealthy are pouring more of their fortunes into prime vineyards, and brokers say demand is rising for raw acreage as well, prompting Christie's to start a new real estate service.

Man Who Coined 'Grexit' Says Not Much Has Changed Wednesday, 15 May 2013 | 4:52 AM ET

The man who coined the term "Grexit" said the risks of a Greek exit from the euro zone have not gone away, despite the country having its credit rating upgraded on Tuesday.

UK's Poundland Chain to Cut Prices to 97 Pence Wednesday, 15 May 2013 | 4:34 AM ET

U.K. pound shop chain Poundland said on Tuesday that it planned to cut its prices to 97 pence in some stores in an attempt to undercut rivals.

Angry Babies, Tiny Antennas Buzz Media Giants Tuesday, 14 May 2013 | 12:36 PM ET

The media industry is under attack. There isn't a silo within media where an incumbent is safe from the power of disruptors to rapidly and thoroughly upend the established order.

Prince Harry—UK Business Ambassador? Tuesday, 14 May 2013 | 12:29 PM ET
Prince Harry with Gov. Chris Christie during his visit one of the areas affected by Superstorm Sandy.

The U.K. hopes Prince Harry will help drum up business and investment for the U.K. during his visit to the U.S.

Europe Needs a Rambo To Make Decisions: Economist Tuesday, 14 May 2013 | 6:32 AM ET
Actor Sylvester Stallone poses during a photocall for the movie 'Rambo'

Europe's leaders need to act decisively on banking union in order to spur the region's economic recovery, Richard Hoey, chief economist at BNY Mellon told CNBC on Tuesday.

Poland to Grow Ireland-Style as Crisis Heads East Tuesday, 14 May 2013 | 6:30 AM ET
Wawel Castle in Krakow, Poland

Poland is forecast to grow in line with crisis-mired Ireland this year, as euro zone woes hit Eastern Europe.

Sports Memorabilia: A New Safe Haven? Monday, 13 May 2013 | 8:51 AM ET
A buyer looks at a Brazilian international soccer jersey at Sotheby's in London

Are investors in Britain and beyond beginning to put their money into sporting memorabilia that isn't as vulnerable to market movements?

Virgin's Branson Dons a Dress After Losing Bet Monday, 13 May 2013 | 5:43 AM ET

Virgin chief executive Richard Branson made his debut as a female flight attendant this weekend, donning a stewardess' uniform and serving drinks to passengers after he lost a bet with a fellow airline magnate.

Why Hotels Have High Hopes for Middle East Monday, 13 May 2013 | 4:02 AM ET

Global hotel brands' aggressive expansion in the Arabian Gulf is helping to drive profits and offset markets hit by the Arab uprisings, hotel group CEOs told CNBC.

Why 'Boring, Dull, Passive' Investing Is Working Monday, 13 May 2013 | 2:05 AM ET

The least lucrative strategy for the investment banks and stockbrokers is "buy and hold" and it's the "buy and hold" investors who have made most of the money so far since those 2012 lows. Steve Sedgwick, Anchor at CNBC Europe writes.

Contemporary Art Sales Could Top 'Old Masters' Sunday, 12 May 2013 | 12:11 PM ET

The world's largest auction houses will host "blockbuster" sales of contemporary art this week, as buyers' tastes shift away from pre-19th century "Old Masters", a fine art expert told CNBC.

Next 'Star Wars' Film to Be Made in Britain Saturday, 11 May 2013 | 6:06 AM ET
Star Wars Stormtroopers pose for photographers in a queue at Legoland in Windsor west of London. The next Star Wars film is slated to be filmed in the U.K.

The force is coming to Britain. George Osborne, the U.K. finance minister announced on Friday that the next "Star Wars" film will be made in the country.

Diamonds to Blazers: Gatsby Mania Inspires Retailers Saturday, 11 May 2013 | 4:34 AM ET
A still from The Great Gatsby film showing off Tiffany's Great Gatsby Collection Savoy Headpiece.

Inspired by the glitz and glamour of the 1920s, several retailers are launching Great Gatsby-themed lines.

Roundabout Way: London's Tech City Sets Sights High Friday, 10 May 2013 | 9:22 AM ET
The Old Street roundabout, which has been dubbed 'Silicon Roundabout' due to the number of technology companies operating from the area in London.

London's Tech City is "uniquely" placed to become the next Silicon Valley, the woman who heads up the organization told CNBC.

Debt Ceiling Won't Be Hit Until Labor Day: Lew Friday, 10 May 2013 | 5:15 AM ET
Jack Lew

U.S. Treasury Secretary Jack Lew told CNBC on Friday that the U.S. debt ceiling would not be reached until September.

Larger IPOs Are Back…But From a New Place Friday, 10 May 2013 | 12:00 AM ET

Large-scale IPOs have hit record levels year-to-date, as new emerging countries enter the market and investors hunt for higher returns.

No Gun, No Mask! Bank Cyberheist Nets $45M in Hours Thursday, 9 May 2013 | 2:05 PM ET

The cell hacked into credit card processors to steal MasterCard debit card data, which it used to make about 36,000 transactions over 10 hours, the Justice Department said.

Manchester United Appoints 'Moneyball' Manager Thursday, 9 May 2013 | 7:15 AM ET

Manchester United, the world's second most valuable soccer club, has appointed David Moyes as the club's manager, following the retirement of Alex Ferguson.

London's Tabloid World in New TV Series Thursday, 9 May 2013 | 5:41 AM ET

The world of tabloid journalism, London-style, will be showcased in a new television series executive-produced by CNN host Piers Morgan, who is also a former editor of two of Britain's popular newspapers.

Prison for Berlusconi? Don't Bet On It Thursday, 9 May 2013 | 3:21 AM ET

Despite an Italian court ruling that Italy's former prime minister Silvio Berlusconi should go to prison, the leader of the center-right bloc could once again dodge Italy's legal system.

Abu Dhabi Airport Has First Cocoonlike Sleep Pods Wednesday, 8 May 2013 | 11:48 AM ET
Abu Dhabi International Airport is the world's first airport to launch GoSleep pods.

Wish to catch a snooze at the airport? Abu Dhabi Airport has just the solution with new "GoSleep" pods, where chairs with sliding shades convert into an egg-shaped cocoon.

There May Be More to Ferrari Cuts Than Status Wednesday, 8 May 2013 | 11:20 AM ET

Ferrari is capping production this year. The stated reason: status protection. But what's the reality? Some experts think it may be a sign of lower demand for the luxury car.

Germany’s Roads Are its Secret Achilles Heel: Economist Wednesday, 8 May 2013 | 10:22 AM ET

Germany's road infrastructure is crippled by mishandling more common in a communist state than a free-market one, according to German economist Hans-Werner Sinn.

From Loops to Legible: Jack Lew’s New Signature Wednesday, 8 May 2013 | 7:16 AM ET
President Barack Obama and White House Chief of Staff Jack Lew.

When beginning a new job, it's good to start fresh: Make a few changes and form a good impression. For new Treasury Secretary Jacob Lew, that meant closing some loopholes.

Tony Blair: press regulation is straightforward Wednesday, 8 May 2013 | 3:35 AM ET

Former UK Prime Minister Tony Blair says press regulation in the aftermath of the Leveson Inquiry is a "straightforward" matter.

'Les Pommes' by Paul Cezanne on display during a preview

The first of the big spring auctions began Tuesday night at Sotheby's, as bidders put money on their walls rather than in the shakier financial markets. The New York Times reports.