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  • Soldier Killed in London in Suspected Islamist Attack Wednesday, 22 May 2013 | 6:52 PM ET

    A British soldier was hacked to death by two men shouting Islamic slogans in a south London street on Wednesday, in what the government said appeared to be a terrorist attack.

  • EU Gets 3/10 for Handling of Euro Zone Crisis:Schulz Wednesday, 22 May 2013 | 12:00 PM ET

    European parliament president Martin Schulz gave European Union officials a measly three out of ten for their handling of the euro zone crisis.

  • Cyprus 'Risks Worse Recession Than Expected' Wednesday, 22 May 2013 | 11:56 AM ET
    A shop displays a closing down sign in Nicosia, Cyprus.

    Cyprus faces substantial risks to its economic outlook and its recession could be deeper than forecast, the country's central bank governor said in a prepared speech on Wednesday.

  • European Market Closes Slightly Higher     Wednesday, 22 May 2013 | 11:30 AM ET

    European shares closed higher on Wednesday, mirroring gains in the U.S. after Federal Reserve Chairman Ben Bernanke reiterated his commitment to maintaining loose monetary policy.

  • Riots in Sweden: Nordic Welfare Myth? Wednesday, 22 May 2013 | 10:04 AM ET

    News that the Swedish capital of Stockholm has been hit by three nights of rioting similar to the public disorder seen in Paris and London in recent years has come as a surprise.

  • Millions of Italians Stuck in Poverty: Report Wednesday, 22 May 2013 | 9:10 AM ET

    Millions of Italians are too poor to heat their homes, eat adequately or go on holiday, Italy reported on Wednesday.

  • Sterling Slides on Data, IMF Warns UK Over Growth Wednesday, 22 May 2013 | 6:38 AM ET
    Pound coin

    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" if its growth remains persistently slow.

  • Global Markets: Europe Stocks Mixed     Wednesday, 22 May 2013 | 6:06 AM ET

    CNBC's Ross Westgate reports on all the market moving events from Europe, as investors look for signs from the Fed's Bernanke on whether the current stimulus program will be tapered.

  • David Cameron, British prime minister, tells CNBC ahead of the EU Summit on tax fraud that he 'believes in low taxes for businesses' and highlights that international cooperation is crucial to tackle tax evasion.

  • This Bonus Cap May Put Pressure on US Banks Wednesday, 22 May 2013 | 5:10 AM ET

    As EU regulators mull introducing the world's strictest bonus cap, the president of the European parliament told CNBC that the plan could put pressure on the U.S. to follow suit.

  • Bonus Limits Won't Reduce Competitiveness: Schulz     Wednesday, 22 May 2013 | 4:51 AM ET

    Martin Schulz, president of the European parliament, rejects the idea that implementing tougher bonus limits will reduce European banks' competitiveness.

  • Tax Evasion Dangerous for Europe: Schulz Wednesday, 22 May 2013 | 4:27 AM ET

    Martin Schulz, president of the European parliament, has warned that revelations of tax evasion by major companies were leading to a loss of trust among the European public.

  • 'Brixit' Still Possible: Pro     Wednesday, 22 May 2013 | 4:20 AM ET

    Alastair Newton, senior political analyst at Nomura, talks about the likelihood of a referendum on EU membership and says a "Brixit" could still happen in the coming five years.

  • Tax Evasion Erodes Trust in Europe: Schulz     Wednesday, 22 May 2013 | 3:38 AM ET

    Martin Schulz, president of the European parliament, told CNBC that growing concerns over tax evasion was leading to a loss of trust among the European public.

  • European Markets Open Mixed     Wednesday, 22 May 2013 | 3:00 AM ET

    Steve Sedgwick takes you through the European market open where stocks have come in mixed.

  • The Thin Lady Sings: Spanish Opera Protests Austerity Wednesday, 22 May 2013 | 2:50 AM ET

    Austerity opera "El crepusculo del ladrillo," premiered on Sunday in la Tabacalera, a rundown tobacco factory in downtown Madrid, to rapturous applause.

  • Opportunities in Market 'Dislocations': Pro     Wednesday, 22 May 2013 | 2:30 AM ET

    Simon Waxley, senior portfolio management at Whitebox Advisors, tells CNBC that Europe is in a dislocation at the moment and they are trying to exploit moves around this.

  • Kids Turn to Twitter, Shun Facebook 'Drama' Wednesday, 22 May 2013 | 2:29 AM ET

    Teen use of Twitter has grown significantly, a new report into social media networks shows, while Facebook is losing market share to its quick-messaging rival.

  • EU Bank Bonuses to Affect a Lot More Bankers Wednesday, 22 May 2013 | 2:27 AM ET

    EU regulators confirmed on Tuesday that they will cap bonuses of bankers earning more than 500,000 euros a year and added other conditions to make the pay ceiling harder to smash.

  • Shale Gas Could Be UK's 'New North Sea' Wednesday, 22 May 2013 | 2:20 AM ET
    Drill pipe at a shale gas exploration site in Singleton, U.K.

    Shale gas development in the U.K. could create 74,000 jobs and halve the country's future dependency on gas imports, according to a new report by the Institute of Directors.

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