Europe News


  • Free electricity on Saturdays? Offer could come to UK Thursday, 1 Aug 2013 | 7:41 AM ET

    U.K. homes could soon be powered for nothing at the weekends, if radical plans by energy supplier British Gas are implemented.

  • Bank of England holds fire before key inflation report Thursday, 1 Aug 2013 | 6:46 AM ET
    A city worker walks past the Bank of England in central London.

    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.

  • Colossal debate over road through Rome's history Thursday, 1 Aug 2013 | 6:18 AM ET

    Rome's mayor is seeking to ban private traffic on a roadway from the central Piazza Venezia to the Colosseum, prompting a histrionic debate.

  • Spain's Rajoy says mishandled major corruption scandal Thursday, 1 Aug 2013 | 5:50 AM ET
    Spanish Prime Minister Mariano Rajoy

    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.

  • Staycation time: EU leaders keep it low-key Thursday, 1 Aug 2013 | 5:23 AM ET
    The Langkofel Group in the Dolomites in South Tyrol, Italy

    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.

  • Bumper European bank earnings boost stocks Thursday, 1 Aug 2013 | 4:58 AM ET
    Canary Wharf, London

    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.

  • UK factory activity soars at start of third quarter Thursday, 1 Aug 2013 | 4:55 AM ET

    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 to appoint McEwan as CEO Thursday, 1 Aug 2013 | 3:45 AM ET

    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.

  • Societe Generale profit more than doubles Thursday, 1 Aug 2013 | 3:10 AM ET

    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.

  • Shell CEO 'disappointed' after big earnings miss Thursday, 1 Aug 2013 | 2:02 AM ET

    Royal Dutch Shell reported a 20 percent drop in second-quarter earnings on Thursday as higher costs, exploration charges, exchange rate effects and challenges in Nigeria took their toll.

  • Barclays cash call may be bad omen for UK banks Wednesday, 31 Jul 2013 | 12:46 PM ET
    The Canary Wharf business district in London.

    Barclays' cash call, aimed at boosting its capital strength and meeting another hefty mis-selling charge, could bode ill for other U.K. banks such as Lloyds, analysts said.

  • Schneider CEO: Invensys takeover a 'good deal' Wednesday, 31 Jul 2013 | 11:59 AM ET

    Schneider Electric's takeover of Invensys will be good for both shareholders and customers, its CEO told CNBC, allowing the company to compete more effectively with its rivals.

  • Generali earnings beat amid radical transformation Wednesday, 31 Jul 2013 | 10:51 AM ET

    Italy's largest insurer Generali reported first first-half net profit on Thursday that beat market expectations, its strongest half-year performance in five years.

  • Lloyds bank returns to profit, escapes cash call Wednesday, 31 Jul 2013 | 10:11 AM ET

    U.K. bank Lloyds returned to profit in the first half of the year and indicated that it wouldn't be following in the footsteps of rival Barclays by issuing equity to meet capital requirements set by regulators.

  • ECB’s Draghi wants meeting minutes published Wednesday, 31 Jul 2013 | 9:19 AM ET
    Mario Draghi

    Mario Draghi is in favor of publishing the minutes of the bank's monetary policy meetings, which have until now never been released.

  • Policy meetings to shake-up currencies: HSBC Wednesday, 31 Jul 2013 | 7:00 AM ET

    The currency markets will be thrown into disarray this week as key monetary policy meetings take place around the world, HSBC's David Bloom told CNBC.

  • Top court asked to reduce Berlusconi's ban Wednesday, 31 Jul 2013 | 6:22 AM ET
    Silvio Berlusconi

    An Italian public prosecutor on Tuesday asked the country's top court to reduce former Prime Minister Silvio Berlusconi's ban from public office for tax fraud to three years from five years.

  • You're fired! Siemens replaces Loescher as CEO Wednesday, 31 Jul 2013 | 5:42 AM ET

    The supervisory board of Siemens confirmed the resignation of Chief Executive Peter Loescher on Wednesday and appointed Joe Kaeser, the company's Chief Financial Officer as the new CEO.

  • Record high euro zone unemployment despite green shoots Wednesday, 31 Jul 2013 | 4:39 AM ET

    Unemployment in the euro zone remained unchanged from the previous month in June, at 12.1 percent, according to the latest data from Eurostat.

  • France falling out of love...with bread Wednesday, 31 Jul 2013 | 4:34 AM ET

    The French, it seems, are falling out of love. Not with free health care, or short workweeks, or long vacations in August. But with bread, the New York Times reports.

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