By: Reported by Julia Chatterley, written by Holly Ellyatt
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.
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.
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.
St. Louis Fed President James Bullard, at a talk in Germany, defends the Fed's massive asset purchase program and recommends that the ECB adopt a similar stimulus policy.
Germany, the euro zone's largest economy, is on track for a recovery thanks to a pick-up in demand for its products from abroad, the Bundesbank said on Tuesday.
Falling corporation tax has been a key driver of profitability over the last two decades, increasing pressure on CEOs to reduce their company's tax bill, Markit's Will Duff-Gordon told CNBC on Tuesday.
British consumer price inflation fell last month for the first time since September, giving incoming Bank of England governor Mark Carney more leeway to support the economy should the recovery weaken. q
After last summer's Olympics fiasco and a warning that 2013 would yield lower-than-expected profits, security firm G4S announced on Tuesday that chief executive Nick Buckles would step down at the end of May.
The latest report from Europe's main statistics agency suggests that the European financial crisis has had an impact on birth rates across the continent since 2008.
Emeka Obiodu, principal industry, communication and broadcast analyst at Ovum, talks about Vodafone's earning, its European challenges and why emerging markets can no longer offset struggling Europe.
Michael Van Dulken, head of research at Accendo Markets, discusses G4S following the announcement that its CEO is retiring and says the change of leadership could lead to restructuring.
Roger Nightingale, Economist at RDN Associates says the global economy is in a deceleration phase but markets are being supported by the liquidity.
Richard Martin, Managing Director of IMA Asia joins in the conversation.
Peter Chatwell, interest rate startegist at Credit Agricole Corporate and Investment Bank, explains why he expects bond yields to remain lower in Europe than in the U.S.
Richard Martin, Managing Director of IMA Asia says expect more pain, risk and uncertainty for Europe ahead. However he sees a bright spot in the export sector for Europe.
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.
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.