Europe News


  • Italy in crisis as Letta struggles to secure budget Friday, 27 Sep 2013 | 5:00 AM ET
    New Italian Prime Minister Enrico Letta

    Italy's coalition government appeared increasingly fragile after premier Enrico Letta struggled to secure a package of spending and tax measures

  • Britain's Royal Mail valued at up to $5.3 billion Friday, 27 Sep 2013 | 5:08 AM ET

    The British government said on Friday it would offer shares in state-owned Royal Mail at between 260 pence and 330 pence each in its London listing, valuing the company at as much as 3.3 billion pounds.

  • Mark Carney, governor of the Bank of England, at the bank's quarterly inflation report news conference

    Mark Carney, the new governor of the Bank of England has said the U.K. economy is recovering and he doesn't see the need for further bond-buying by the central bank.

  • Is Ireland turning its back on Guinness? Friday, 27 Sep 2013 | 12:23 AM ET

    The black stout is synonymous with Ireland, but despite it all, Guinness' domestic reputation has taken a hit of late. The CSM reports.

  • US tech giants join forces against EU ‘patent trolls’ Thursday, 26 Sep 2013 | 11:23 AM ET
    Apple iPhone 5c devices

    Some of the world's biggest technology companies are urging the European Union's leaders to stem the tide of "patent trolls" in Europe.

  • Italian President Giorgio Napolitano

    Giorgio Napolitano pulls out of a political conference, citing the "disturbing" political developments concerning the country's fragile coalition government.

  • Rich Russians lured to ‘Britain’s Palm Beach’ Thursday, 26 Sep 2013 | 8:01 AM ET
    Sandbanks Beach in Dorset, England

    The U.K. is not usually seen as a prime location for second homes, but a growing number of Russians are snapping up real estate on a strip of coastline dubbed “Britain’s Palm Beach.”

  • EU threatens to stop sharing terrorist data with US Thursday, 26 Sep 2013 | 10:08 AM ET

    EU lawmakers have called for the suspension of a controversial financial data sharing agreement between the European Union (EU) and the U.S. aimed at tracking terrorists' funds.

  • Bonuses: EU lawmaker dismisses UK legal action Thursday, 26 Sep 2013 | 5:52 AM ET

    The European Union politician behind controversial legislation to cap bonus payments dismissed the U.K. government's plans to challenge them on CNBC.

  • French business chief slams 2014 budget Thursday, 26 Sep 2013 | 7:25 AM ET

    Despite the pro-business tone of France's 2014 budget, the country's largest business lobbying group said the proposals presented by the government on Wednesday were a blow for competitiveness, growth and jobs.

  • Barclays to ax wealth management in 130 countries Thursday, 26 Sep 2013 | 7:42 AM ET

    Barclays will stop offering wealth management services in about 130 countries by 2016 and cut jobs

  • Banking union needed 'as soon as possible': Trichet Wednesday, 25 Sep 2013 | 11:45 PM ET

    Europe must make a decision as soon as possible on setting up a strong central authority to handle failing lenders, a key plank of establishing a successful banking union, former European Central Bank (ECB) president Jean Claude Trichet urged on Thursday.

  • Japan’s Lixil in $4 billion deal with Germany's Grohe Thursday, 26 Sep 2013 | 3:06 AM ET

    Lixil Group has reached a basic agreement to buy Grohe, Europe's biggest bathroom installations maker, for about 400 billion yen ($4 billion).

  • Greece does not need third bailout: Deputy PM Thursday, 26 Sep 2013 | 1:55 AM ET

    Greece does not require a third bailout and can cover its needs without further burdening its current backers, by improving the terms of its debt,the deputy prime minister said on Wednesday.

  • IMF approves $1 billion for Ireland bailout program Wednesday, 25 Sep 2013 | 9:04 PM ET
    International Monetary Fund Managing Director Christine Lagarde

    The International Monetary Fund disbursed the next $1 billion aid tranche to Ireland on Wednesday.

  • Britain to challenge EU bonus cap in court Wednesday, 25 Sep 2013 | 11:40 AM ET

    Britain is mounting a legal challenge against the European Union's cap on bankers' bonuses, the country's Treasury told CNBC on Wednesday.

  • Fears France's budget will hit its economy Wednesday, 25 Sep 2013 | 7:12 AM ET

    France presented its budget for 2014 introducing far-reaching spending cuts and shifting the tax burden from French businesses to households.

  • 'Posh' pawnbrokers boom as middle classes cash in Tuesday, 24 Sep 2013 | 7:32 AM ET
    Two 1 kilo fine gold bars pawned for a £50,000 loan from Borro

    As the economic crisis wears on, the asset-rich but cash-poor middle and upper classes are turning to putting up their high-end possessions for short-term loans.

  • Peripheral bonds: How to play Europe’s recovery Wednesday, 25 Sep 2013 | 9:20 AM ET
    Lisbon, Portugal

    Investors confident in Europe's upturn should consider purchasing bonds from the region's struggling peripheral countries, euro zone analysts said.

  • ICAP slapped with $87 million Libor rigging fine Wednesday, 25 Sep 2013 | 10:55 AM ET

    ICAP, the world's largest interdealer broker, has been fined $87 million by regulators over its role in the Libor rate rigging scandal.

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