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  • 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.

  • Ryanair CEO Wants Planemakers to Cram in More Seats Wednesday, 19 Jun 2013 | 7:20 AM ET

    Ryanair CEO Michael O'Leary finalized an order for 175 Boeing 737-800 aircraft at the Paris Air Show but he said he was disappointed that neither Boeing nor Airbus could offer him a few more seats on their single-aisle planes to allow for cheaper fares.

  • Mervyn King Made 'Series of Misjudgements': Posen Wednesday, 19 Jun 2013 | 6:51 AM ET
    Adam Posen, Senior Fellow at the Peterson Institute for International Economics.

    Economist and former member of the Bank of England's Monetary Policy Committee, Adam Posen said while outgoing governor Mervyn King will be remembered as being a great public servant, he made a series of misjudgements.

  • IMF: Spain's 'Hard Won' Solvency Needs Protection Wednesday, 19 Jun 2013 | 5:06 AM ET

    "Proactive vigilance" is needed to safeguard the "hard won" solvency of Spain's banking system, and Europe needs to do more to ease Spain's financial woes, the IMF has warned.

  • Another Source of Discord: Euro Divided by Religion Wednesday, 19 Jun 2013 | 4:28 AM ET

    At a time when Europe needs solidarity and a unified sense of purpose to grapple with its seemingly endless economic crisis, religion has become yet another a source of discord. The New York Times reports.

  • Budget Fashion Struggles: H&M Earnings Drop Wednesday, 19 Jun 2013 | 3:08 AM ET

    H&M, the world's second-largest fashion retailer, posted a bigger than expected drop in second-quarter earnings.

  • Vodafone to Trump Liberty on Kabel Deutschland Bid Wednesday, 19 Jun 2013 | 3:03 AM ET

    Britain's Vodafone Group has raised its preliminary offer to buy Kabel Deutschland, Germany's largest cable operator, a source close to the situation has told CNBC.

  • Boeing to Airbus: We've Got You Boxed and Bracketed Wednesday, 19 Jun 2013 | 1:44 AM ET

    In a week that has seen Boeing's Dreamliner meet its new challenger in the form of the Airbus A350, the U.S. firm maintains that the new European aircraft will not affect its share of the wide body market.

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  • Andy Liu, China analyst at Teneo Intelligence, says nothing will come out of the Hong Kong chief executive's speech and that an agreement between protesters and government would be "quite difficult".

  • Russian President Vladimir Putin told the Russia Calling conference that the Bank of Russia can still practice currency intervention, and that the country is working on delivering more transparency for businesses.

  • Luca Cordero Di Montezemolo, outgoing Ferrari chairman, talks to CNBC about his 23 years at Ferrrari and the progress the company has made since he first started working there.