Europe News

Stuart Fraser, chairman of the policy & resources committee for the City of London Corporation.

Pirates in Somalia are getting more sophisticated in their operations and have now set up a cooperative to fund their hijackings offshore. James Christodoulou, president and CEO of Industrial Shipping Enterprises, spoke to CNBC about the problem of piracy.

The Bank of Japan pledged to pump more cash into the economy Tuesday following an emergency meeting held in Tokyo. Michael Taylor from Lombard Street Research has more.

Swedish carrier SAS is pioneering greener landings for aircraft in order to cut emissions in the sector. Lars Andersen from SAS told CNBC the technology reduces the time a plane is held in the air.

Greece's stock market has taken a beating recently as investors worried about the country's ballooning debt and deficit. “It’s a race against time” Greek Finance Minister George Papaconstantinou told CNBC. “The reality is we will need some time to put forward the kind of reforms that are going to pay off.”

RBS announced a raft of new measures Monday, which it hopes will improve its relationship with small and medium-sized businesses. Peter Ibbetson, chairman of RBS Business Banking, told CNBC the key issue was transparency.