A CNBC.com analysis of money flows shows that large cash hoards have already left Russia, much of it stashed in former Soviet states.» Read More
As markets digest monetary policy statements from three of the world's major central banks within 24 hours, two of the institutions have been hit with accusations of causing confusion and lacking transparency by economists.
ShaNew Zealander Ross McEwan was confirmed as boss of Royal Bank of Scotland on Friday, tasked with laying the foundations for Britain to start selling its 81 percent stake in the bank.
Britons are feeling more upbeat about their job prospects than they have for five years, according to new research, which follows a raft of positive economic data.
Although Italy's Silvio Berlusconi is still safe in public office while a review of what would effectively be political exile takes place, his conviction for tax fraud is an "extremely destabilizing development" with significant implications for Italy's fragile coalition government, analysts said.
U.K. house prices surged to a five-year high in July, according to the U.K.'s biggest building society, but the author of the new report told CNBC that talk of a housing bubble are overplayed and price moves are only "modest".
Europe's largest insurer Allianz posted a strong second quarter performance on Friday helped by the performance of Pimco, which saw a 40 percent profit growth from the first quarter.
A top executive for the media company at the center of Silvio Berlusconi's tax fraud conviction said the billionaire politician did not play any role in running the company he founded.
Italy's supreme court rejected Berlusconi's final appeal and upheld his jail sentence in a blow to the former prime minister that could throw the country's government into crisis.
Investors should view Egypt's political crisis as a buying opportunity and get in "sooner rather than later", the country's finance minister told CNBC on Thursday.
European Central Bank President Mario Draghi on Thursday repeated interest rates would remain at present or lower levels for an extended period of time, a move the bank hopes will support a recovery in the euro zone later this year and in 2014.
Amid growing signs of a recovery in the U.K. economy, one currency strategist says the best way to position for the rebound is to sell the euro against sterling.
U.K. homes could soon be powered for nothing at the weekends, if radical plans by energy supplier British Gas are implemented.
The Bank of England opted to maintain its main interest rate at 0.5 percent and keep its asset purchase program on hold, but did not issue a statement about future policy following the decision.
Rome's mayor is seeking to ban private traffic on a roadway from the central Piazza Venezia to the Colosseum, prompting a histrionic debate.
Spanish Prime Minister Mariano Rajoy acknowledged on Thursday he made a mistake in his handling of a major corruption scandal in the ruling centre-right People's Party, but vigorously denied he had received illegal payments.
In the midst of political turbulence, forthcoming elections, austerity and even a corruption scandal, Europe's leaders are set to take their annual vacation from the hurly-burly of political life.
Some of Europe's largest banks reported better-than-expected earnings on Thursday, despite difficult trading conditions in the region, as a big week for bank results nears its end.
British manufacturing grew at its fastest rate in more than two years at the start of the third quarter and looks set to help the recovering economy gain momentum, a survey showed on Thursday.
Royal Bank of Scotland is looking to appoint its former head of retail banking, Ross McEwan, as the new chief executive to replace Stephen Hester.
Frédéric Oudéa, chief executive of Societe Generale (SocGen) said he was happy with the bank's business performance after the French banking group reported second quarter net profit of 955 million euros ($1.26 billion), above a Reuters consensus of 703 million euros.
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At the EU summit, CNBC's Hadley Gamble talks to Finland's prime minister Alexander Stubb on whether Europe needs structural reform.
Manji Cheto, vice-president of Teneo, explains why the Nigerian central bank has barred banks from dollar holdings.
Discussing last night's presidential vote in Greece, Kyriakos Mitsotakis, minister of administrative reform and e-governance in Greece says he believes that there is still a "fighting chance" for the coalition government to get the 180 votes.