Rahul Sharma, founder & managing director of NeevCapital, tells CNBC that Mulberry's lack of brand recognition and large-scale distribution is affecting its competitiveness in China and explains their recent poor record.

Ross Westgate takes you through the European market close where stocks have closed flat.

Carl Sheldon, CEO of TAQA, tells CNBC about the things he would change about the industry if he could.

Carl Sheldon, CEO of TAQA, tells CNBC his strategy for playing the African growth story in the coming years.

Peter Attard Montalto, emerging market economist at Nomura International, tells CNBC that Slovenia's fiscal situation is quite different to Cyprus, despite the fact it may too be forced to ask for a bailout.

Takis Phidias, acting CEO of Laiki Bank, tells CNBC that the proposed Cypriot resolution will hand 'tremendous powers' to the national bank in an attempt to deal with the country's huge financial problems.

Todd Horwitz, chief strategist at the Adam Mesh Trading Group, says a lot of risk is coming off the market as it's now nearing the top, and that it's looking for a reason to go down, with Cyprus a potential catalyst.

Simon Maughan, financials sector strategist at the Olivetree Financial Group, tells CNBC that problems in the Cypriot financial system are not new and that the only way to deal with the multi-year political stand-off between the EU and Cyprus is to "bust the banks".

CNBC's Steve Sedgwick grilled the president of the EU commission, José Manuel Barroso and the Russian prime minister, Dmitry Medvedev, on the relationship between Europe and Russia at a press conference in Moscow.

How do you make money in these markets? Here is what some of the experts on CNBC have been telling us this morning.

Stacey Widlitz, president of S.W. Retail Advisors and CNBC Contributor, reminds CNBC ahead the release of earnings that Tiffany's has warned of lower profits over the last four quarters and is currently going through a huge deceleration due to a tough competitive market and mismanagement of guidance.

European shares open lower as Cyprus, Russia talks end.

Patrick Legland, head of global research at Societe Generale, says that despite Draghi's tougher-than-usual stance and Germany wanting to make Cyprus an example, everybody will try to find a solution to the Cyprus crisis.

Natalia Orlova, chief economist at Alfa Bank tells CNBC's Steve Sedgwick that Russian companies and banks were using Cyprus as a transit economy and that the Depositor Tax would damage the way they were doing business.

Bill Blain, senior fixed income broker at Mint Partners, Blain, senior fixed income broker at Mint Partners, questions whether China will drive global growth in 2013 and says Japan seems to be this year's fascinating story as the weaker yen has allowed Japanese corporates to export again.

Robert Wood, chief U.K. economist at Berenberg, tells CNBC the euro zone is in "for a tough ride", but that current problems in Cyprus and Italy do not undermine fundamental changes going on in Europe, and argues the biggest risk to the region would be for outgoing Italian Prime Minister Mario Monti's reforms to be undone.

Dr Alexander Apostolides of the European University Cyprus, tells CNBC that a depositor tax does not make sense without a restructuring of Cyprus' debt, arguing that a deal with the Troika would be preferred but that central powers need to be flexible.

Jane Foley, senior currency strategist at Rabobank, says the markets¿ calm response to the Cyprus crisis offers less incentive for EU ministers to act and that there¿s a greater risk of Cyprus exiting the euro zone than there was for Greece.

Riccardo Monti, president of Italian Trade Promotion Agency, tells CNBC that as Italians traditionally do best in the most difficult situation, he expects Italy to form a government in the near future.

Richard Perry, chief market strategist at Central Markets, gives CNBC a technical look at sterling's recent strength, as well as the FTSE's five day decline.