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Katrina Bishop is a deputy news editor at CNBC.com. Previously, she worked as a business producer at Sky News and a copy editor at Dow Jones Newswires.
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A growing number of economists expect a rate cut by the European Central Bank (ECB) either next week or in December.
Growth in euro zone business activity slowed in October, surveys showed Wednesday, although the slowdown was less marked than originally thought.
Euro zone unemployment will remain near its record high for the next two years, the European Commission said in its latest economic forecast, amid subdued growth.
The U.K.'s Serious Fraud Office (SFO) said on Monday that it had opened a criminal investigation into the electronic tagging of criminals by G4S and Serco.
Manufacturing in the euro zone continued its recovery in October as the region emerges from an 18-month recession.
Cyprus' embattled banking industry will have to undergo "major structural reforms," according to a report into the sector's viability.
President Barack Obama has been bumped off the top spot of Forbes' ranking of the world's most powerful people.
Turkey's deputy prime minister told CNBC the country's economy will not be too badly affected by the winding down of the Fed's bond-buying program.
Britain is set to become the first non-Muslim country to issue an Islamic bond, under plans unveiled by Prime Minister David Cameron on Tuesday.
Britain's economic growth picked up pace in the third quarter of 2013, boosting hopes that the country's nascent recovery is becoming more entrenched.