Europe News


  • Asleep on the Job: Banker’s Costly Nap Tuesday, 11 Jun 2013 | 7:49 AM ET

    A German bank employee accidentally transferred millions from a customer’s account when he fell asleep at his computer.

  • French Homeless Squat in Offices Tuesday, 11 Jun 2013 | 5:49 AM ET
    Migrants look at their windows in a former retirement house while gendarmes prepare to evacuate them

    The squat at Number 2 rue de Valenciennes is both a political battleground and a symbol of France's dysfunctional housing market.

  • Is Russia Too Corrupt for International Business? Tuesday, 11 Jun 2013 | 5:30 AM ET

    Despite efforts by the Russian government to tackle corruption, concerns are mounting that a failure to stamp out the practice will continue to damage the country's international reputation and, ultimately, its economy.

  • 'Battle Lines Drawn' in German Court Over ECB Tuesday, 11 Jun 2013 | 2:14 AM ET
    The Judges of Germany's Constitutional Court

    Germany's constitutional court began its hearing over the legality of the European Central Bank's bond buying program and the head of the court said the success of the program wouldn't be relevant.

  • Monopoly Water Utility Fails to Pay a Drop of Tax Tuesday, 11 Jun 2013 | 1:44 AM ET

    Thames Water has been slammed by public sector unions and politicians after the UK's biggest water company by revenue announced that it paid no corporation tax last year, the FT reports.

  • UK House Prices Rise at Fastest Pace in 3 Years Tuesday, 11 Jun 2013 | 1:06 AM ET

    British house prices rose at their fastest pace in nearly three years in May, a survey showed on Tuesday, as policies aimed at kick-starting the market attracted new buyers.

  • A Wily Banker Rises to the Top in Greece Tuesday, 11 Jun 2013 | 12:52 AM ET

    Michalis Sallas has thrived in Greece’s freewheeling business culture as head of Piraeus Bank, but financial oversight is increasing and may complicate his dealings.

  • Mario Draghi Goes on a German Charm Offensive Monday, 10 Jun 2013 | 7:53 PM ET
    Mario Draghi

    The ECB will not resort to "higher inflation rates" to resolve the euro zone debt crisis, the central bank president told a German broadcaster Monday.

  • France Expands Inquiry of Tax Evasion at UBS Monday, 10 Jun 2013 | 2:35 PM ET
    French investigators have placed Swiss bank UBS under formal investigation on suspicion that it tried to persuade rich French clients to open undeclared accounts in Switzerland, a legal source said.

    UBS, the biggest Swiss bank, is the target of a widening tax evasion investigation in France, a spokeswoman for the Paris prosecutor's office said.

  • Sub-Saharan Africa Has 'Real Potential' Monday, 10 Jun 2013 | 12:52 PM ET
    Traffic on a busy road in Lagos, Nigeria

    Sub-Saharan Africa has typically been classified as a natural-resource play for foreign investors, but its real potential rests with the region's middle class, top executives told CNBC.

  • Spanish and Italians CEOs Best Paid in Euro Zone Monday, 10 Jun 2013 | 12:19 PM ET

    Despite posting record unemployment figures in the first quarter of this year, Spain and Italy’s CEOs are the best paid in the euro zone.

  • Woman Tops List of Britain’s Highest-Paid CEOs Monday, 10 Jun 2013 | 7:23 AM ET
    Angela Ahrendts

    Angela Ahrendts, the chief executive of luxury fashion brand Burberry, has become the first woman to top the list of highest paid CEOs in Britain, according to a survey of the U.K.'s largest listed companies.

  • AstraZeneca Buys Pearl for Up to $1.15 Billion Monday, 10 Jun 2013 | 5:37 AM ET
    Respiratory therapists assess, treat, and care for patients with breathing disorders.

    AstraZeneca is to buy U.S. respiratory drug specialist Pearl Therapeutics for up to $1.15 billion, as Britain's second biggest drugmaker steps up a drive to rebuild its product pipeline via deal-making.

  • Orange CEO Held For Questioning in Tapie Case Monday, 10 Jun 2013 | 4:35 AM ET

    Orange CEO Stephane Richard was held for questioning on Monday over his role in a 2008 arbitration process that resulted in a large pay-out to businessman Bernard Tapie.

  • Turkish PM Threatens to 'Choke' Foreign Speculators Monday, 10 Jun 2013 | 3:07 AM ET
    Turkish Prime Minister Recep Tayyip Erdogan speaks to thousands of his supporters who greeted the prime minister at Istanbul airport on his return from a North African tour.

    Turkey faced fresh turmoil on Monday, as the lira weakened against the dollar and trading in the Istanbul stock market was delayed following a glitch.

  • Will Germany's Top Court Disarm ECB's Bazooka? Monday, 10 Jun 2013 | 3:02 AM ET
    The judges of Germany's constitutional court.

    The ECB's bond-buying program, widely credited with drawing a line under the region's crisis, is to undergo scrutiny in Germany's top court this week, prompting fears that the judges could put restrictions on the plan.

  • Europe's Vanishing Tax Havens Monday, 10 Jun 2013 | 2:16 AM ET

    Some of the most famous tax havens in the world are in the heart of Europe, where a history of banking secrecy has created opportunities for large savings. But these havens are under increasing pressure to unlock their secrets.

  • Europeans Learn Chinese but Firms Say Don’t Bother Monday, 10 Jun 2013 | 2:12 AM ET

    Europeans are increasingly learning Chinese to boost their career prospects, but recruitment firms warn difficulties mastering the language, plus the insularity of European business, means those efforts may be misdirected.

  • France's Hollande: The Euro Zone Crisis Is Over Monday, 10 Jun 2013 | 1:25 AM ET

    Despite record unemployment in the continent, anemic growth at best and a manufacturing sector in contraction territory, French President Francois Hollande said the euro zone crisis is over.

  • German Monetary Honchos to Go Head-to-Head Sunday, 9 Jun 2013 | 9:12 PM ET
    European Central Bank

    One of the bitterest fights in monetary policy lands in court this week: did the European Central Bank's pledge to save the euro last year undermined the constitution? The Financial Times reports.

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