As the markets close across Europe, CNBC's Simon Hobbs offers insight. Michelle Caruso-Cabrera weighs in on the protests in Greece amid German Chancellor Merkel's visit, and explains Greece's need for even more money. Nariman Behravesh, IHS chief economist, offers insight.
Iraq’s contribution to the world’s oil supply will significantly increase to more than 8 million barrels a day by 2035, outstripping its current output, the International Energy Agency said on Tuesday.
Noted investor and the publisher of the Gartman Letter, Dennis Gartman rubbished the latest warning on global economic weakness to come from the International Monetary Fund (IMF) saying he “paid no attention [to it] whatsoever.”
With its economy still reeling from the housing crash, Ireland is making a bold move to help tens of thousands of struggling homeowners, the New York Times reports.
German Chancellor Angela Merkel flies into the heart of Europe's debt crisis on Tuesday, facing protests by angry Greeks to bring a message of support to a near-bankrupt nation fighting to stay in the euro.
A quiet day of trading as the markets slowly approach 5-year highs; the meningitis outbreak grows; Huawei fires back at the U.S. and the IMF slashes forecasts for global economic growth.
Debt-swamped Greece braced for two days of strikes, protests and potential violence as German Chancellor Angela Merkel, long demonized for her tough-talking, austerity-minded approach to Europe’s deepening woes, prepared to visit the epicenter of the crisis, three years since it began here.
European shares closed lower on Monday on concerns over political and economic uncertainty in Greece and Spain, despite the launch of euro zone’s permanent bailout fund, the European Stability Mechanism (ESM).
With tensions once again rising in South Africas mining sector, investment bank Merrill Lynch has cut its weighting to the countrys stock market and mining sector.
Italy’s A3 highway, begun in the 1960s and still not finished, starts outside Naples in the ancient hill town of Salerno and ends, rather unceremoniously, 300 miles farther south as a local street in downtown Reggio Calabria. The New York Times reports.
German Chancellor Angela Merkel should use Tuesday’s official trip to Athens to “recognize the euro is dead, and bury it,” veteran economist Roger Nightingale told CNBC.
At least 20 multinationals are drawing up plans to move their regional or global headquarters to Britain over the next year after government efforts to increase the competitiveness of the UK’s business tax regime.
As with many of the other improvised solutions to the euro zone’s problems, the bailout fund’s reality is less elegant than the theory behind it. The New York Times reports.
It has been referred to as “the bazooka” — the 500 billion euro European bailout fund that after much dispute will have its first board meeting on Monday, the New York Times reports.
A 500-billion euro ($650 billion) bailout fund, one of the key tools of policymakers trying to find a solution to the euro zone debt crisis, will be launched later on Monday with Spain expected to be the first country to seek help from the fund.
The chief executive of the world's largest container shipping company Moeller-Maersk told CNBC that the company would not order any new ships this year.
Samsung has become the "undisputed king" of the Android smartphone industry, creating more profit from the software than Google, according to research.