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  • A majority of lawmakers from Greece's Democratic Left party, a junior partner in the ruling coalition, are in favour of withdrawing from the government, a party official told reporters on Friday.

  • Pre-Takeover Cadbury’s Tax Avoidance Exposed Friday, 21 Jun 2013 | 4:00 AM ET

    An investigation into the tax affairs of Cadbury's – known for its philanthropic ethos – has uncovered tax avoidance schemes former senior executives admit were “highly aggressive”, the FT reports.

  • Greece Aid Suspension Talk 'Premature': IMF's Lipton Friday, 21 Jun 2013 | 2:49 AM ET

    Talk of a suspension of bailout money to struggling euro zone country Greece is "premature", according to a senior International Monetary Fund (IMF) official.

  • EU to Decide Who Pays When Banks Fail Friday, 21 Jun 2013 | 2:30 AM ET
    A man holds a protest sign that says " no to the shutting down of banks"

    The European Union will seek on Friday to forge rules to force losses on large savers when banks fail, a sensitive reform that could shape how the euro zone deals with its sickly banks.

  • Rusal CEO: Investors Need to Relax Thursday, 20 Jun 2013 | 12:16 PM ET

    Investors need to calm down and act rationally, Oleg Deripaska, the CEO of the world's largest aluminum company Rusal, said on Thursday.

  • Is This Man Russia's Next Leader? Thursday, 20 Jun 2013 | 8:18 AM ET

    Alexei Kudrin is widely tipped to be Russia's next prime minister. The only trouble is, he might not want the job.

  • SNB Says it Is 'Far Away' From Ending Currency Cap Thursday, 20 Jun 2013 | 7:46 AM ET

    The Swiss National Bank said it was far from ready to end its unconventional policy measures, on Thursday, unlike the U.S. Federal Reserve.

  • Syria's Assad Is Facing a Currency Crisis Thursday, 20 Jun 2013 | 6:54 AM ET

    Even as President Bashar al-Assad of Syria is proclaiming battlefield momentum against the insurgency with the help of his Hezbollah ally, he appears to be facing a new threat: a rapidly weakening currency that has unnerved many Syrians, the NYT reports.

  • Russia's Richest Man Supports the Fed Decision Thursday, 20 Jun 2013 | 5:55 AM ET

    Despite market turmoil over the Federal Reserve's indication that it could start tapering its bond buying program, billionaire investor Alisher Usmanov told CNBC that it would play a "positive" role for markets.

  • Arsenal's Usmanov Backs Rooney Transfer Thursday, 20 Jun 2013 | 5:45 AM ET

    Manchester United striker Wayne Rooney could be the ideal signing for Arsenal, according to Russian billionaire Alisher Usmanov, the Premier League soccer club's second-biggest shareholder.

  • Euro Zone: Downturn Eases but Outlook Still Bleak Thursday, 20 Jun 2013 | 5:37 AM ET

    Pressure on services and manufacturing activity in the euro zone eased more than expected in June, and while a full recovery is a long way off, analysts said the signs point to a more moderate downturn.

  • Alcatel Lucent Cost Cutting Gets Thumbs Up From Market Thursday, 20 Jun 2013 | 3:47 AM ET
    Alcatel Lucent

    Once-commanding giant of the technology world Alcatel Lucent announced a fresh cost cutting program on Wednesday as new CEO Michel Combes plans to turn around the company's fortunes.

  • UK Watchdog Details Bank Capital Shortfalls Thursday, 20 Jun 2013 | 3:10 AM ET
    Chancellor of the Exchequer George Osborne and Andrew Bailey, the Chief Executive of the Prudential Regulation Authority (PRA)

    The banking watchdog said the aggregate capital shortfall at five major U.K. banks at the end of 2012 was 27.1 billion pounds, slightly higher than its 25 billion initial estimate in March this year.

  • Low-Ranked Tennis Players Served Prize Increases Thursday, 20 Jun 2013 | 3:01 AM ET

    Lower-ranked tennis players will be able to collect more in prize money than ever before at this year's Wimbledon tournament.

  • Britain to Pay More for Power Than Germany for a Decade Thursday, 20 Jun 2013 | 2:57 AM ET

    British electricity prices may be almost double those in Germany within three years due largely to the impact of a new tax aimed at supporting renewable power generation.

  • Business Leaders Send Strong Message to Putin Thursday, 20 Jun 2013 | 2:50 AM ET

    Business leaders at the Saint Petersburg International Economic Forum (SPIEF) told CNBC that they want to see Russia reform and re-engage with the outer world, politically and economically.

  • Euro Ministers to Lay Banking Union Cornerstone Thursday, 20 Jun 2013 | 1:41 AM ET

    Euro zone finance ministers will decide on Thursday when and how their bailout fund can invest in a bank to save it from failure, laying a cornerstone of the banking union seen as vital to restore economic growth.

  • George Osborne Renews Backing for Bank Competition Wednesday, 19 Jun 2013 | 11:27 PM ET

    George Osborne renewed his commitment to promote competition in retail banking on Wednesday, and inquired into the effects of mandatory branch sales by Lloyds and RBS.

  • Refugees in Tents? IKEA Wants to Change That Wednesday, 19 Jun 2013 | 10:03 PM ET
    Children playing at a temporary refugee tent settlement Yaan, southwest China's Sichuan province, after the devastating earthquake in April.

    The IKEA Foundation, the philanthropic arm of the iconic Swedish furniture maker, has helped come up with a more comfortable refugee shelter.

  • Dolce and Gabbana Sentenced to Jail for Tax Evasion Wednesday, 19 Jun 2013 | 10:55 AM ET
    Fashion designers Domenico Dolce and Stefano Gabbana

    An Italian court on Wednesday sentenced fashion design duo Dolce and Gabbana to one year and eight months in prison for hiding hundreds of millions of euros from the tax authorities.

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