Europe News


  • 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.

  • France’s Silicon Valley to launch start-up hub Wednesday, 25 Sep 2013 | 10:52 AM ET
    Virtual image of Paris' prospective incubator for 1,000 start-ups

    Paris' ambition to become a global hub for entrepreneurship took a definite step forward on Tuesday, with the launch of a project to build the world's biggest start-up incubator.

  • Europe’s banks face $95 billion funding shortfall Wednesday, 25 Sep 2013 | 6:54 AM ET
    Canary Wharf, London

    Europe's largest banks will need to find an extra $95 billion of capital to comply with the tough rules due to be implemented in 2019, according to the banking regulator.

  • Red faces at Air France on gold theft, cocaine haul Wednesday, 25 Sep 2013 | 2:45 AM ET

    Air France’s hold has recently suffered a spate of high-profile crimes.

  • Greece's Piraeus Bank warns of rising bad loans Wednesday, 25 Sep 2013 | 6:04 AM ET

    The Deputy CEO of Greece's Piraeus Bank has told CNBC its non-performing loans are still rising and that it will have to take further provisions for losses in the current quarter.

  • 'Blackout' warning for UK after energy freeze pledge Wednesday, 25 Sep 2013 | 5:43 AM ET

    The U.K.'s biggest utilities have hit out at plans by the country's opposition party to freeze energy prices if it wins the next general election in 2015.

  • Bank of England 'vigilant' on UK house prices Wednesday, 25 Sep 2013 | 6:49 AM ET

    The Bank of England will keep a close eye on the rising cost of houses in the country and says it can choose from a range of policy tools to employ if a price surge posed a risk to the financial system.

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