There were mixed messages coming from Brussels, as finance ministers attempted to hammer out a deal on how to wind down failing banks.» Read More
This may be the year that Europe stops being the ticking time bomb of the global economy. Ireland is on track to leave international bailout limbo by summer. Talk of Greece's departure from the euro is off the table. And financial speculators have generally stopped betting the euro zone will blow up. The New York Times reports.
U.K. banks and other finance firms will shed another 18,000 jobs in the first quarter of 2013 after cutting 25,000 in the last quarter, according to a report by a business lobby group.
Inequality risks destabilizing “global society”, Klaus Schwab, the German economist who founded and chairs the World Economic Forum, told CNBC on Tuesday.
Peter Spiegel, Brussels bureau chief at the Financial Times, tells CNBC the euro zone faces paralysis if Angela Merkel is unable to push on with her agenda, due to the German elections.
The World Economic Forum's annual get-togethers in Davos have been widely criticized as a week-long party for the rich and powerful. But for some, the Forum is an important platform for discussing global issues and solutions.
Algerian special forces have found the bodies of two Canadian Islamist fighters after a bloody siege at a desert gas plant, a security source said on Monday, as the death toll reached at least 80 after troops stormed the complex to end the hostage crisis.
The head of Angela Merkel's Free Democrat (FDP) coalition partners, Economy Minister Philipp Roesler,offered to step down as party chief on Monday despite a stronger-than-expected result for the FDP in a weekend state election, a party source said.
Europe's economies and markets have nothing to fear from the defeat of Chancellor Angela Merkel's party in German regional elections this weekend as the euro zone crisis will be on hold until Germany's national elections in September, analysts told CNBC on Monday.
A watch says a lot about the wearer. Merkel's choice of a simple watch shows her aversion to public debt and a fiscal deficit.
Alan Capper, head of credit strategy at Lloyds Banking Group tells CNBC that Germany's worsening growth figures may negatively impact those peripheral European countries it imports from later in the year.
Gloomy economic indicators have plagued the U.K. and put the government's austerity plan at risk. The country's triple-A rating remains on the brink, with ratings agencies Standard and Poor's and Fitch both having negative outlooks on its sovereign debt. But analysts say the real picture for the U.K. economy could be even worse.
Professor Paul de Grauwe, holder of the John Paulson Chair at the London School of Economics, tells CNBC that Germany has put too much emphasis on trying to balance the budget when the euro zone is going into a recession.
John Wraith, fixed income strategist at BofA Merrill Lynch Global Research, tells CNBC that they are still cautious about investors' move into equities.
Luxury goods group Richemont gave a cautious outlook on Monday after slowing wholesale demand for its pricey products pushed sales growth in the last quarter below forecasts.
Middle-class professionals are to be targeted in a new crackdown on tax evasion promised by the chief prosecutor of England and Wales, the FT reports.
2013 is hailed by many equity strategists as the start of the long-anticipated "great rotation", with investors moving into stocks out of bonds, ending the reign of the bond bull market in recent years. But it's European stocks that are being seen as particularly investable.
Clifford Bennett, Chief Economist, White Crane Reports says the euro is a fantastic buy right now and expects it to rocket higher in 2013. He says the euro zone will be the most fiscally responsible region for the next 10 to 30 years.
Paul Bloxham, Chief Economist for Australia and New Zealand at HSBC is upbeat about the U.S. economy. He says the fiscal situation has stabilized and the housing cycle has turned a corner.
The International Monetary Fund on Friday estimated that Greece faced a financing gap of up to 9.5 billion euros for 2015 and 2016 and said it had assurances from Europe the aid would be forthcoming for Athens.
An American and a Frenchman have been found dead, and the Obama administration said Friday it was trying to secure the release of U.S. hostages still being held by Islamic militants at an Algerian gas plant deep in the Sahara.
Bitcoin fans learnt that one of the virtual currency's exchanges will enforce customer verification checks from Thursday.
Google is challanging Apple's iPhone with MotoX, the FT reports.
The recent move by the Swiss government to allow banks to sidestep secrecy laws won't prevent them from depositing money in the country.
Simon Rubinsohn, the chief economist of RICS, discusses the U.K.'s housing shortage and what it means for prices.
Joseph Vaclavik, president of Standard Grain, says that corn prices are tumbling and that he isn't optimistic for next year's market outlook.
Greg Valliere chief political strategist at Potomac Research Group says that whilst there's a lot of wiggle room in the regulations, the longer-term impact of the Volcker rule on banks will be negative.