Europe News

In June CNBC launched a competition to find a green start-up business and had over 200 entries from all over Europe. Philippa Malmgren, president of Principalis Asset Management, considers the final three projects.

UK banking regulations were under the spotlight again Thursday as proposals from city expert Sir David Walker were formally reviewed. Jon Dymond, director of Hay Group, has analysis of the proposals.

Banks must disclose how much they pay top employees, a UK government-sponsored report published by Sir David Walker said Thursday. "I am confident that the direction of the proposals I'm making is right," Walker, a former chairman of Morgan Stanley's international unit, told CNBC.

UK banking regulations were under the spotlight again Thursday as proposals from city expert Sir David Walker were formally reviewed. Jon Dymond, director of Hay Group, has analysis of the proposals.

Banks must disclose how much they pay top employees, a UK government-sponsored report published by Sir David Walker said Thursday. "I am confident that the direction of the proposals I'm making is right," Walker, a former chairman of Morgan Stanley's international unit, told CNBC.

"It has been a difficult year for holiday companies…It has been a difficult year for luxury goods as well," Peter Rothwell, CEO of Swiss-based luxury travel company Kuoni, said Thursday. "Probably the worst is behind us and we're beginning to look at the green shoots."