Europe News


  • Watch: Germany's Steinbrück says 'Nein' to CNBC Tuesday, 24 Sep 2013 | 4:57 AM ET

    Peer Steinbrück, the centre-left Social Democrat (SPD) candidate for chancellor in Germany's election declines to say what a grand coalition would mean for German policies towards Europe.

  • Temperature rises in Athens amid 48-hour strike Tuesday, 24 Sep 2013 | 4:46 AM ET

    Tensions are rising in Athens as public-sector workers walked out on a 48-hour strike, leaving hospitals and schools with very few staff.

  • Will business win out in France’s 2014 budget? Tuesday, 24 Sep 2013 | 11:59 AM ET
    French Finance minister Pierre Moscovici (R) speaks with French Junior Minister for Budget Bernard Cazeneuve during a session of questions to the government at the French Senate in Paris on September 19, 2013.

    France is set to present its budget for 2014 on Wednesday, and surprisingly under a socialist government, the tax burden on businesses could fall.

  • Europe at a turning point: This chart shows why Tuesday, 24 Sep 2013 | 7:36 AM ET

    European corporate earnings are at a turning point, according to Nomura, which predicts that European firms are set for significant profit growth in the coming year.

  • Airbus: China will trump US with flight demand Tuesday, 24 Sep 2013 | 7:40 AM ET
    An Airbus A320 - similar to the aircraft used by Air Algerie.

    The amount of passengers taking domestic flights in China in twenty years time will dwarf that of the U.S., leading aircraft manufacturer Airbus said on Tuesday.

  • Coalition options narrow for Merkel’s CDU Tuesday, 24 Sep 2013 | 6:09 AM ET

    Less than 48 hours after Angela Merkel secured a resounding victory in the German elections, the Chancellor's options to form a governing coalition appeared to narrow.

  • Germany's business sentiment rises in September Tuesday, 24 Sep 2013 | 3:03 AM ET

    German business sentiment rose in September, though it fell short of analysts' expectations, according to the latest data from the country's closely watched Ifo business climate index.

  • How much?! Executives hit by pay overhaul Monday, 23 Sep 2013 | 7:01 PM ET

    Last year's "shareholder spring" has led Britain's largest companies to overhaul their remuneration packages, leaving top executives out of pocket, according to a new report.

  • More cheap loans for Europe's banks? Monday, 23 Sep 2013 | 3:54 PM ET
    Mario Draghi, President of the European Central Bank

    ECB President Mario Draghi said another round of cheap loans for European banks could be provided to support the recovery.

  • Merkel wins: And now for the hard part Monday, 23 Sep 2013 | 12:18 PM ET

    Angela Merkel may have won a resounding victory in the German elections, but her triumph leaves key questions unanswered.

  • UK retailer Tesco launches cut-price tablet Monday, 23 Sep 2013 | 11:52 AM ET

    U.K. supermarket giant Tesco launched its attempt to tap into the tablet computer market and boost its online shopping and download services Monday when it unveiled its £119 ($190.95) "Hudl".

  • Angela Merkel's victory dance Monday, 23 Sep 2013 | 8:15 AM ET

    Angela Merkel celebrated her election victory by dancing in true 'mutti' style.

  • UK IPOs surge in best post-crisis performance Monday, 23 Sep 2013 | 6:29 AM ET

    The number of U.K. companies opting to float on the stock market has risen this year to its highest volume since 2007, according to new research, marking an improvement in funding conditions as the economy recovers.

  • Luxury brands have regained their cool factor as signs of a healthier economy have boosted their appeal, but technology companies are losing their shine.

  • Germans give Merkel a mandate but markets muted Monday, 23 Sep 2013 | 6:58 AM ET
    Angela Merkel, German Chancellor and Chairwoman of the German Christian Democrats (CDU).

    German Chancellor Angela Merkel received a ringing endorsement in elections on Sunday, removing uncertainty in the market.

  • Euro zone business activity powers ahead Monday, 23 Sep 2013 | 4:58 AM ET

    Business activity in the euro zone grew faster than forecast in September, helped by improved performances by both Germany and France, boosting hopes that the region's economic recovery is becoming more broad based.

  • Anger at Elop’s Nokia pay-off spreads Monday, 23 Sep 2013 | 2:34 AM ET

    Finland's prime minister and finance minister joined in criticism of Stephen Elop's proposed 18.8 million euro pay-off from Nokia, the Financial Times reports.

  • What Greece is considering to avoid third bailout Saturday, 21 Sep 2013 | 2:41 PM ET
    A dilapidated mansion stands for sale by the Hellenic Republic Asset Development Fund in central Athens, Greece. The government opted for online auctions as the best way to quickly and transparently move assets off its hands.

    The Greek finance ministry is looking at a plan that could see state owned property assets used as collateral for loans that could help it avoid a third bailout by the EU and IMF.

  • Cocaine stash worth $270 million on Air France plane Sunday, 22 Sep 2013 | 6:52 PM ET
    French Interior minister Manuel Valls talks to journalists in front of cocaine seized by French police, on September 21, 2013 in Nanterre, France.

    French police made one of the biggest cocaine busts in history earlier this month when 1.3 tonnes of the drug was found aboard an Air France cargo flight in Paris.

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