An international study on recessions and governments' responses to them has found that cuts to healthcare systems prompted by fiscal austerity are making matters far worse - for both governments and society.» Read More
CNBC's Simon Hobbs reports Spain formally requested an EU bailout for its banks; and an update on the Greek debt buyback plan, with CNBC's Silvia Wadhwa. Also, an update on U.S. markets, with CNBC's Bob Pisani.
Greece's economy is in recession but there are reasons to be upbeat and the debt-laden nation will be able to rebound strongly as it works its way through reforms, European Central Bank governing council member Christian Noyer told CNBC.
Facebook privacy campaign group europe-v-facebook plans to sue the social network in Ireland,it said on Tuesday.
The euro gained for a fourth straight session on Monday to hit a six-week high as news from Spain and Greece eased concerns about the debt-burdened countries.
China could eclipse the United States sooner than many think as the yuan becomes a major player on the word stage that could put the dollar in the shade, analysts told CNBC.
The U.K.'s welfare state has a long and distinguished history, with elements of its healthcare recently being compared with President Barack Obama's Medicare reforms.
Pensions in Britain will be hit by further cuts to tax relief announced on Wednesday by Finance Minister George Osborne. Analysts tell CNBC that the measures will not just affect Britain's high earners.
Britain's Prince William and his wife Catherine are expecting a baby, destined to be the country's future monarch.
CNBC's Ross Westgate reports on all the market moving events from Europe, including gains for defensive stocks such as utilities.
Governments and economists from elsewhere in the developed world are looking East for a clue to the long-term consequences of loose monetary policy.
Pope Benedict's new handle on Twitter will be @pontifex, beating out other contenders that had been considered to showcase the thoughts of one of the world's most visible leaders.
A bomb went off at the offices of a Greek ultra-right group near Athens early on Tuesday causing damage but no casualties.
Spain on Monday requested formally the disbursement of 39.5 billion euros of European funds to recapitalize its crippled banking sector.
Swiss bank UBS is close to a settlement with U.S. and U.K. authorities and is expected to pay more than $450 million over claims that some of its employees submitted false Libor rates, the NYT reported.
Greece on Monday said it would conduct its bond buyback offer through a modified Dutch auction method in which investors declare how much they are willing to sell their bonds at before the price is determined.
Check out some of the billionaires from all over the world who have added a major sports team or two to their portfolios.
German Chancellor Merkel said Greece's creditors may look at writing down more of its debt, but not before the current bailout program runs its course.
British Chancellor George Osborne said on Sunday that it would be "catastrophic" to reverse his austerity policy,but Adam Posen, a former member of the Bank of England's Monetary Policy Committee, told CNBC that both Osborne's austerity package - and apocalyptic warnings - were self-defeating.
Advertising tycoon Martin Sorrell says uncertainty across the globe is stifling business, and he criticized Washington for "fiddling while Rome burns."
France backed away from a threat to nationalize a steelworks, saying it secured promises from ArcelorMittal to avoid any forced layoffs at the site.
Sterling tumbled following minutes released by the Bank of England and disappointing retail sales, as the IMF warned the U.K. is at risk of "permanent damage."
Microsoft unveiled its next generation console Xbox One on Tuesday, but it was its inclusion of live TV, rather than its gaming capabilities that set tongues wagging.
Rallies have to end sometime for sure, but history suggests the current one doesn't have to end anytime soon.
German business software company SAP will start to employ people with autism as software testers, programmers and data quality assurance specialists across the world.
Teen use of Twitter has grown significantly, a new report shows, as Facebook loses market share. Here's why.
What Warren Buffett once called "financial weapons of mass destruction" are firing again.
Louisa Bojesen takes you through the European market close, where stocks are sharply lower.
James Bullard, member of the Federal Reserve, tells CNBC why the US economy has taken longer than expected to recover, despite the huge amounts of stimulus.
Jan Randolph, head of sovereign risk at IHS Global, tells CNBC that the financial system is representative of two drunks: the financial markets and the real economy.