Europe News


  • Europe clears hurdle on road to banking union Thursday, 12 Sep 2013 | 8:34 AM ET
    The European Central Bank in Frankfurt, Germany

    Europe took a big step forward in its plan to create a single banking framework for the euro zone on Thursday after EU lawmakers granted new powers to the ECB to oversee the bloc's banks.

  • Carney warns of UK ‘false dawn’ Thursday, 12 Sep 2013 | 9:42 AM ET
    Bank Of England Governor Mark Carney

    Bank England Governor Mark Carney said the central bank was ready to act if the U.K.'s fledgling recovery failed to materialize.

  • Almost 1 in 3 Europeans could be poor by 2025 Thursday, 12 Sep 2013 | 3:03 AM ET

    Europe could have another 25 million poor people by 2025 as the effects of austerity measures are felt, a leading poverty charity warned on Thursday.

  • Britain’s Royal Mail to go private with IPO Thursday, 12 Sep 2013 | 1:21 AM ET

    The Royal Mail, Britain’s near-500 year old postal service, has launched an initial public offering, a historic privatization which is set to be bitterly opposed in the U.K.

  • Britain's Prince William to leave military Thursday, 12 Sep 2013 | 7:30 AM ET

    Britain's Prince William, who became a father for the first time in July, is to step down from the military.

  • EU plans to end roaming fees to hit telcos from 2014 Thursday, 12 Sep 2013 | 4:27 AM ET

    European plans to scrap mobile roaming charges leave telecoms companies facing the prospect of wafer-thin profit margins, analysts said.

  • Hackers steal 2 million Vodafone clients’ data Thursday, 12 Sep 2013 | 5:09 AM ET

    Vodafone Germany said on Thursday it had been targeted in an attack on its data servers in which hackers gained access to the personal information of 2 million customers.

  • Morrisons misses forecasts ahead of online push Thursday, 12 Sep 2013 | 2:28 AM ET

    U.K. supermarket WM Morrison on Thursday posted first-half profit below expectations, but Trevor Strain, the chief financial officer told CNBC that it is only "mid-flight" on its journey into two new key growth areas.

  • Princes William and Harry hit the trading floor Wednesday, 11 Sep 2013 | 10:51 AM ET
    Prince William and Prince Harry at a charity event in London

    U.K. royals Prince William and Prince Harry turned their hands to trading on Wednesday and closed a multi-billion dollar deal… all in the name of charity.

  • 'Cold Call Pope' takes to phoning the faithful Wednesday, 11 Sep 2013 | 8:37 AM ET
    Pope Francis I

    Pope Francis already has distinguished himself from his predecessor with a more down-to-earth style, and he is now delighting the faithful by spontaneously calling people, the NYT reports.

  • More ‘innocent victims’ if US strikes Syria: Putin Wednesday, 11 Sep 2013 | 10:34 PM ET
    Russian President Vladimir Putin

    U.S. military intervention in Syria would result in "more innocent victims" and an escalation of tensions.

  • How the Dutch can save their 'abysmal' economy Wednesday, 11 Sep 2013 | 3:53 AM ET

    As attention now turns to the Dutch government's budget plans - due to be unveiled on September 17 – experts say guiding the country out of its recession will be a long and painful process.

  • Oleg Deripaska, chief executive officer of United Co. Rusal

    The outlook for aluminium has stabilized, with consumption improving, according to the head of the world’s biggest aluminium company, Oleg Deripaska.

  • France cuts forecasts for growth, budget shortfalls Wednesday, 11 Sep 2013 | 8:50 AM ET

    France cut its forecast for growth next year to 0.9 percent on Wednesday and said its public deficit would fall more slowly than previously expected as a result.

  • Barroso hails EU recovery, MEPs slam ‘fairy tale’ Wednesday, 11 Sep 2013 | 7:53 AM ET

    European politicians criticized the European Commission president on Wednesday, branding his leadership a "disaster" after he delivered an optimistic state of the union address.

  • Why Germany may be Italy's biggest worry Wednesday, 11 Sep 2013 | 2:49 AM ET

    Fast-approaching German elections are a bigger risk to Italy's stability than Silvio Berlusconi's potential expulsion from politics.

  • Booming Britain? Not so fast, says Kingfisher CEO Wednesday, 11 Sep 2013 | 4:52 AM ET

    The U.K. economy might appear to be back on track but the recovery needs to be built on solid ground.

  • UK jobless rate dips to 7.7%, welfare claims down Wednesday, 11 Sep 2013 | 4:34 AM ET

    Britain's unemployment rate fell unexpectedly in July to its lowest since late last year.

  • After losing title, tennis star targets business Wednesday, 11 Sep 2013 | 1:23 AM ET
    Andy Murray poses with the Gentlemen's Singles Trophy at the Wimbledon Lawn Tennis Championships on July 7, 2013.

    Wimbledon tennis champion Andy Murray, whose attempt to defend his US Open crown ended in defeat this week, is setting up a business employing six people to further his entrepreneurial interests, the FT reports.

  • $8.3 million luxury London apartment repossessed Tuesday, 10 Sep 2013 | 11:21 PM ET
    One Hyde Park, London

    An apartment in one of the world's most prestigious buildings is on sale for £5.25 million ($8.3 million) after being repossessed.

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