Europe News


  • Mervyn King Made 'Series of Misjudgements': Posen Wednesday, 19 Jun 2013 | 6:51 AM ET
    Adam Posen, Senior Fellow at the Peterson Institute for International Economics.

    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.

  • IMF: Spain's 'Hard Won' Solvency Needs Protection Wednesday, 19 Jun 2013 | 5:06 AM ET

    "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.

  • Another Source of Discord: Euro Divided by Religion Wednesday, 19 Jun 2013 | 4:28 AM ET

    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.

  • Budget Fashion Struggles: H&M Earnings Drop Wednesday, 19 Jun 2013 | 3:08 AM ET

    H&M, the world's second-largest fashion retailer, posted a bigger than expected drop in second-quarter earnings.

  • Vodafone to Trump Liberty on Kabel Deutschland Bid Wednesday, 19 Jun 2013 | 3:03 AM ET

    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.

  • Boeing to Airbus: We've Got You Boxed and Bracketed Wednesday, 19 Jun 2013 | 1:44 AM ET

    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.

  • UK Prime Minister: 'Reckless' Bankers Could Face Jail Wednesday, 19 Jun 2013 | 1:43 AM ET

    Bankers who are reckless with customers' or taxpayers' money could face criminal charges and have bonuses and pensions clawed back.

  • Paris Could Burn This Summer: Niall Ferguson Tuesday, 18 Jun 2013 | 3:39 PM ET
    Riot policemen take their positions during a protest at the Antonio Carlos Avenue, in the surroundings of the Mineirao stadium which hosts the Confederations Cup, on June 17, 2013, in Belo Horizonte, state of Minas Gerais.

    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.

  • Former UBS Trader Charged in Libor Investigation Tuesday, 18 Jun 2013 | 9:02 AM ET

    Britain's fraud prosecutor charged former UBS trader Tom Hayes with eight counts of conspiracy to defraud.

  • Easing of Slump Won't Halt Euro's Decline Tuesday, 18 Jun 2013 | 7:28 AM ET
    Euro Tumbles

    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.

  • Lucrative Stud Career Awaits Star Horse Tuesday, 18 Jun 2013 | 6:27 AM ET

    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.

  • Boeing Fights Back With New Dreamliner Orders Tuesday, 18 Jun 2013 | 5:39 AM ET
    A Dreamliner logo sits in the cockpit of a Boeing Co. 787 Dreamliner aircraft on the first day of the Paris Air Show in Paris, France.

    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.

  • Greek Court Orders State TV Reopened Tuesday, 18 Jun 2013 | 4:38 AM ET

    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.

  • UK Inflation Rebounds More Than Expected in May Tuesday, 18 Jun 2013 | 4:32 AM ET

    British consumer price inflation rebounded by more than expected in May due to a record rise in air fares and higher fuel prices.

  • European Car Sales Hit 20 Year Low for May Tuesday, 18 Jun 2013 | 4:24 AM ET

    European car sales last month plunged to the lowest level in two decades for May.

  • Kabel Deutschland, Germany's biggest cable operator - confirmed on Monday that they have received a preliminary approach from U.S. media group Liberty Global.

  • Why Siberia Could Be Russia's Secret Economic Weapon Tuesday, 18 Jun 2013 | 3:21 AM ET

    Once infamous as a place of exile and no-return during the Tsarist and then Stalinist eras, Siberia is being touted as a beacon of light by the Russian government as it looks east, rather than west, for growth potential.

  • ECB's Draghi: Rates Becoming More Effective Again Tuesday, 18 Jun 2013 | 3:18 AM ET
    Mario Draghi, President of the European Central Bank

    The European Central Bank is "ready to act" if need be to aid the euro zone economy and its interest rates are becoming a more effective tool again.

  • Commerzbank to Shed More Than 5,000 Jobs Tuesday, 18 Jun 2013 | 2:59 AM ET

    German lender Commerzbank will shed more than 5,000 jobs as part of its cost cutting program, a person familiar with the negotiations told Reuters on Tuesday.

  • Catherine, Duchess of Cambridge talks with Chief Scout Bear Grylls (2nd L) and Sea Scout Rob Butcher (2nd R) as she attends the National Review of Queen's Scouts at Windsor Castle on April 21, 2013.

    From Union Jack booties to "Born to Rule" sleepwear, analysts estimate the baby fever could boost the British economy by 240 million pounds ($380 million).

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