Britain's Prime Minister has slammed the European Union's demands for an additional 2.1 billion euros, branding it "unacceptable".» Read More
Finance ministers from the EU reached a deal to set up rules about who would have to foot the bill for any future bank bailouts to avoid costs to tax payers.
Britain's Crown Estate on Thursday said it made record profit in the year to March, thanks to the strong performance of its central London properties.
Egypt is bracing for massive demonstrations on Sunday, in the most serious threat to the nation's tenuous stability since the ousting of its former president, over two years ago. Protesters will call for Mursi's removal.
Britain's finance minister George Osborne unveiled his plans for another round of government spending cuts on Wednesday as he tried to keep his deficit reduction drive on track despite stiff opposition to his policies.
Italy's treasury denied on Wednesday its use of derivatives as a hedge on its huge debt pile posed any risk to public finances.
Marc Rich, the founder of Glencore and later fugitive who was controversially pardoned by President Bill Clinton on his last day in office has died in Switzerland.
Mining company Gem Diamonds, announced on Wednesday it had found a 100 carat rough diamond, the third big diamond found by the company in just two months.
Morale among German consumers rose to its highest level in almost six years heading into July thanks to a robust labor market and strong wage hikes, adding to signs that Europe's largest economy is slowly recovering.
The European Union will make a fresh attempt on Wednesday to share out the costs of future bank failures, starting a regime to spare taxpayers further bailouts.
With fresh political crises hitting the fragile coalition governments in Italy, Greece and Portugal, JPMorgan warned on Tuesday that tensions could prove unmanageable in the long-term.
Europe does not only suffer from unemployment but also underemployment with workers who are overqualified, interns who are unpaid and part-time employees who want full-time work, which could leave a permanent mark on a generation.
An "accommodative" monetary policy is still appropriate for the European Central Bank, ECB President Mario Draghi has said.
Outgoing Bank of England Governor Mervyn King said that markets have "jumped the gun" about when central banks are likely to start raising interest rates.
Samsung Electronics is in early talks with the EU antitrust regulator to settle charges that it abused its market position by barring Apple from using an essential mobile phone patent. The talks come after the European Commission told Samsung it was acting unfairly by seeking injunctions against Apple.
The euro zone has squandered precious time in making reforms during a time of central bank support for the economy, the president of the Center for Financial Studies, Otmar Issing, told CNBC on Tuesday.
Italian finance police on Tuesday conducted search and seizures of 41 soccer clubs, including 18 top league teams, on suspicion of tax evasion and money laundering in the buying and selling of players.
Ireland's opposition called for a full inquiry into the collapse of the country's financial system in 2008, after a newspaper published recordings of talks between Anglo Irish Bank executives about a bailout.
Greek Prime Minister Antonis Samaras reshuffled his cabinet on Monday, aiming to bolster his government days after the smallest party in the ruling coalition quit over the closure of state TV.
The former head of the European Central Bank told CNBC that central banks can only do so much to jump-start a global recovery.
European ministers are likely to reach a deal on banking reform on Wednesday, the EU's economic and monetary affairs commissioner Olli Rehn told CNBC.
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Nicolas Véron, senior fellow at Bruegel says the European banking stress tests will show how rigorous a supervisor of the banks the ECB will be.
David Enrich, European banking editor at the Wall Street Journal says problems in the European bank stress tests are likely to be concentrated in Austria and Italy
U.K. Prime Minister David Cameron has slammed the European Union's demands for an additional 2.1 billion euros ($2.65 billion) as a result of the U.K.'s strong economic performance, branding it "unacceptable".