Mark Carney pledged to appoint a new Deputy Governor at the Bank of England to lead a "root and branch" review of its strategy, after suspending an official over the foreign exchange market manipulation scandal.» Read More
Cyprus, rather than Spain, Italy or Greece, poses the biggest sovereign risk to the euro zone, according to Charles Dallara, the managing director of the Washington-based bank lobby group, the Institute of International Finance (IIF).
The EU's economic and monetary affairs commissioner Olli Rehn has told CNBC that he backs the idea of granting an extension to Ireland and Portugal on their bailout loans.
Spanish Prime Minister Mariano Rajoy is facing an escalating political storm after his former party treasurer was accused of tax evasion and fraud linked to a 22 million euro fortune hidden in Swiss bank accounts.
As business leaders from across the world prepare to touch down in Switzerland, a new survey has revealed that just 18 percent of the public trusts business leaders to tell the truth.
CNBC's Kelly Evans reports on all the market moving events from Europe, including how the markets reacted to the Bank of Japan's news it will adopt a 2 percent inflation plan.
Julian Callow, chief international economist at Barclays, tells CNBC that the ZEW investor survey is an example of more positivity and optimism around the economic outlook but there may still be some disappointments to come.
Ahead of Prime Minister David Cameron's speech outlining his vision for the new U.K. relationship with the European Union, a recent poll shows that the majority of young people in the U.K. back the "European project".
Loading central banks with more tasks and pressing them to pursue more aggressive monetary policies could risk a round of competitive devaluations, European Central Bank policymaker Jens Weidmann said on Monday, citing pressure on the Bank of Japan.
Karen Cho takes you through the European market open where stocks have opened lower.
European companies are under mounting pressure to come clean about overpriced acquisitions after regulators found that losses taken on past deals were suspiciously low. The FT reports.
The idea of converting offices into residential property as a way of encouraging house-building is not a new one; David Cameron first flighted the policy two years ago, the FT reports.
Martin Schulz, president of the European Parliament, tells CNBC that the relationship between France and Germany is now more important than even the last decade.
World unemployment could top record levels this year and continue rising until 2017, the International Labour Organization (ILO) said on Tuesday in its annual employment report.
Fragile economies and extreme weather have combined to crank up the global risk dial in the past year, creating an increasingly dangerous mix, according to the World Economic Forum.
This may be the year that Europe stops being the ticking time bomb of the global economy. Ireland is on track to leave international bailout limbo by summer. Talk of Greece's departure from the euro is off the table. And financial speculators have generally stopped betting the euro zone will blow up. The New York Times reports.
U.K. banks and other finance firms will shed another 18,000 jobs in the first quarter of 2013 after cutting 25,000 in the last quarter, according to a report by a business lobby group.
Inequality risks destabilizing “global society”, Klaus Schwab, the German economist who founded and chairs the World Economic Forum, told CNBC on Tuesday.
Peter Spiegel, Brussels bureau chief at the Financial Times, tells CNBC the euro zone faces paralysis if Angela Merkel is unable to push on with her agenda, due to the German elections.
The World Economic Forum's annual get-togethers in Davos have been widely criticized as a week-long party for the rich and powerful. But for some, the Forum is an important platform for discussing global issues and solutions.
Algerian special forces have found the bodies of two Canadian Islamist fighters after a bloody siege at a desert gas plant, a security source said on Monday, as the death toll reached at least 80 after troops stormed the complex to end the hostage crisis.
Cyprus's finance minister, Harris Georgiades, concedes there were "problems in the past" between the Cypriot government and the central bank governor, who has just resigned.
European stocks closed mixed on Tuesday, as the crisis in Ukraine curbed enthusiasm for riskier assets.
Riccardo Barbieri, chief European economist at Mizuho International, says UniCredit could be vulnerable the turmoil in Ukraine, given its exposure to eastern europe.