A Moscow Court ruled in favor of seizing shares of Bashneft from a billionaire businessman due to alleged unlawful privatization.» Read More
Business leaders at the Saint Petersburg International Economic Forum (SPIEF) told CNBC that they want to see Russia reform and re-engage with the outer world, politically and economically.
Euro zone finance ministers will decide on Thursday when and how their bailout fund can invest in a bank to save it from failure, laying a cornerstone of the banking union seen as vital to restore economic growth.
George Osborne renewed his commitment to promote competition in retail banking on Wednesday, and inquired into the effects of mandatory branch sales by Lloyds and RBS.
The IKEA Foundation, the philanthropic arm of the iconic Swedish furniture maker, has helped come up with a more comfortable refugee shelter.
An Italian court on Wednesday sentenced fashion design duo Dolce and Gabbana to one year and eight months in prison for hiding hundreds of millions of euros from the tax authorities.
Ryanair CEO Michael O'Leary finalized an order for 175 Boeing 737-800 aircraft at the Paris Air Show but he said he was disappointed that neither Boeing nor Airbus could offer him a few more seats on their single-aisle planes to allow for cheaper fares.
Economist and former member of the Bank of England's Monetary Policy Committee, Adam Posen said while outgoing governor Mervyn King will be remembered as being a great public servant, he made a series of misjudgements.
"Proactive vigilance" is needed to safeguard the "hard won" solvency of Spain's banking system, and Europe needs to do more to ease Spain's financial woes, the IMF has warned.
At a time when Europe needs solidarity and a unified sense of purpose to grapple with its seemingly endless economic crisis, religion has become yet another a source of discord. The New York Times reports.
H&M, the world's second-largest fashion retailer, posted a bigger than expected drop in second-quarter earnings.
Britain's Vodafone Group has raised its preliminary offer to buy Kabel Deutschland, Germany's largest cable operator, a source close to the situation has told CNBC.
In a week that has seen Boeing's Dreamliner meet its new challenger in the form of the Airbus A350, the U.S. firm maintains that the new European aircraft will not affect its share of the wide body market.
Bankers who are reckless with customers' or taxpayers' money could face criminal charges and have bonuses and pensions clawed back.
High youth unemployment in parts of Europe and disappointing growth expectations in the emerging world could mean mass protests this summer, Niall Ferguson told CNBC Tuesday.
Britain's fraud prosecutor charged former UBS trader Tom Hayes with eight counts of conspiracy to defraud.
Positive business activity data for the euro zone on Thursday will fail to stop a much larger fall over the long-term for the single currency.
He was the favorite to win at Tuesday's Royal Ascot race in Britain, but even though Animal Kingdom suffered a terrible disappointment, there could still be hope for him.
After an opening day at the Paris Air Show that saw Airbus announce an impressive amount of orders, Boeing fought back on Tuesday with a raft of orders and the launch of the latest in the line of 787 Dreamliners, the 787-10.
A Greek court on Monday ordered the state broadcaster back on air while it is restructured, allowing squabbling coalition leaders to move towards a compromise.
British consumer price inflation rebounded by more than expected in May due to a record rise in air fares and higher fuel prices.
Get the best of CNBC in your inbox
Alcatel-Lucent CEO Michel Combes has "no time to waste with speculation" that the telecom giant might be interested in M&A. That's after it posted a 34% jump in gross profit margins.
There's "no drama whatsoever" at Suez Environment, says Jean-Marc Boursier, the deputy CEO in charge of finance. That's despite the need to "battle a bit" given the European economy, and to continue with cost cuts.
Find out more about the next steps for the $93 billion game industry, from game practices to entry into the cloud.