Europe News


  • Britain to challenge EU bonus cap in court Wednesday, 25 Sep 2013 | 11:40 AM ET

    Britain is mounting a legal challenge against the European Union's cap on bankers' bonuses, the country's Treasury told CNBC on Wednesday.

  • Fears France's budget will hit its economy Wednesday, 25 Sep 2013 | 7:12 AM ET

    France presented its budget for 2014 introducing far-reaching spending cuts and shifting the tax burden from French businesses to households.

  • 'Posh' pawnbrokers boom as middle classes cash in Tuesday, 24 Sep 2013 | 7:32 AM ET
    Two 1 kilo fine gold bars pawned for a £50,000 loan from Borro

    As the economic crisis wears on, the asset-rich but cash-poor middle and upper classes are turning to putting up their high-end possessions for short-term loans.

  • Peripheral bonds: How to play Europe’s recovery Wednesday, 25 Sep 2013 | 9:20 AM ET
    Lisbon, Portugal

    Investors confident in Europe's upturn should consider purchasing bonds from the region's struggling peripheral countries, euro zone analysts said.

  • ICAP slapped with $87 million Libor rigging fine Wednesday, 25 Sep 2013 | 10:55 AM ET

    ICAP, the world's largest interdealer broker, has been fined $87 million by regulators over its role in the Libor rate rigging scandal.

  • France’s Silicon Valley to launch start-up hub Wednesday, 25 Sep 2013 | 10:52 AM ET
    Virtual image of Paris' prospective incubator for 1,000 start-ups

    Paris' ambition to become a global hub for entrepreneurship took a definite step forward on Tuesday, with the launch of a project to build the world's biggest start-up incubator.

  • Europe’s banks face $95 billion funding shortfall Wednesday, 25 Sep 2013 | 6:54 AM ET
    Canary Wharf, London

    Europe's largest banks will need to find an extra $95 billion of capital to comply with the tough rules due to be implemented in 2019, according to the banking regulator.

  • Red faces at Air France on gold theft, cocaine haul Wednesday, 25 Sep 2013 | 2:45 AM ET

    Air France’s hold has recently suffered a spate of high-profile crimes.

  • Greece's Piraeus Bank warns of rising bad loans Wednesday, 25 Sep 2013 | 6:04 AM ET

    The Deputy CEO of Greece's Piraeus Bank has told CNBC its non-performing loans are still rising and that it will have to take further provisions for losses in the current quarter.

  • 'Blackout' warning for UK after energy freeze pledge Wednesday, 25 Sep 2013 | 5:43 AM ET

    The U.K.'s biggest utilities have hit out at plans by the country's opposition party to freeze energy prices if it wins the next general election in 2015.

  • Bank of England 'vigilant' on UK house prices Wednesday, 25 Sep 2013 | 6:49 AM ET

    The Bank of England will keep a close eye on the rising cost of houses in the country and says it can choose from a range of policy tools to employ if a price surge posed a risk to the financial system.

  • Nokia chairman admits mistake over Elop payoff Wednesday, 25 Sep 2013 | 5:40 AM ET

    Nokia's chairman has admitted that he gave misleading information about the 18.8 million euro ($25.4 million) payoff to former chief executive Stephen Elop.

  • Airbus secures commitments for 43 A320s from China Wednesday, 25 Sep 2013 | 5:26 AM ET
    An Airbus A320 - similar to the aircraft used by Air Algerie.

    Airbus has secured commitments for more than 40 of its A320 family of aircraft from two new Chinese airlines, the company said at an industry event.

  • German consumer morale highest in 6 years Wednesday, 25 Sep 2013 | 2:05 AM ET

    German consumer confidence rose to its highest level in six years heading into October, suggesting strong consumer spending will help the country to post moderate growth in 2013.

  • Bono defends Ireland and its low taxes Tuesday, 24 Sep 2013 | 12:16 PM ET
    Bono participates on a panel discussing Mobilizing for Impact at the Clinton Global Initiative annual meeting in New York.

    On stage at the morning Clinton Global Initiative panel, Bono stepped in to defend Ireland's low corporate taxes.

  • Russian tussle that could affect your food costs Tuesday, 24 Sep 2013 | 6:33 AM ET

    Belarus, Russia -- and now China -- are involved in a tussle for control of a valuable commodity that determines the cost of the food on your plate.

  • Watch: Germany's Steinbrück says 'Nein' to CNBC Tuesday, 24 Sep 2013 | 4:57 AM ET

    Peer Steinbrück, the centre-left Social Democrat (SPD) candidate for chancellor in Germany's election declines to say what a grand coalition would mean for German policies towards Europe.

  • Temperature rises in Athens amid 48-hour strike Tuesday, 24 Sep 2013 | 4:46 AM ET

    Tensions are rising in Athens as public-sector workers walked out on a 48-hour strike, leaving hospitals and schools with very few staff.

  • Will business win out in France’s 2014 budget? Tuesday, 24 Sep 2013 | 11:59 AM ET
    French Finance minister Pierre Moscovici (R) speaks with French Junior Minister for Budget Bernard Cazeneuve during a session of questions to the government at the French Senate in Paris on September 19, 2013.

    France is set to present its budget for 2014 on Wednesday, and surprisingly under a socialist government, the tax burden on businesses could fall.

  • Europe at a turning point: This chart shows why Tuesday, 24 Sep 2013 | 7:36 AM ET

    European corporate earnings are at a turning point, according to Nomura, which predicts that European firms are set for significant profit growth in the coming year.

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Europe Video

  • William Hague, leader of the House of Commons, says that if Russia continues to exert its power like it's done with Ukraine, it will result in a "grave deterioration in relations" between itself and Europe.

  • Fewer than half of the world's inhabitants are free according to a new report by Freedom House. We break down the findings by regions to find where people are the least and most free.

  • Boris Schlossberg, managing director at BK Asset Management, remains dubious about the Federal Reserve, saying there's no economic merit in the Fed's arguments to raise rates.