Europe News


  • Britain Encouraged to Build US-Style 'Super-Prisons' Monday, 17 Jun 2013 | 9:22 AM ET

    Britain should shut down 30 rundown prisons and build 12 modern "hub prisons" with a capacity of up to 3,000 inmates each, according to a new report.

  • Big finance waded into a rain-soaked Paris Airshow with more than $10 billion in orders for jumbo passenger jets as planemakers duelled over strategy for large aircraft.

  • Moscow's Property Prices Fit for an Oligarch Monday, 17 Jun 2013 | 8:53 AM ET

    The prime real estate market in Russia's capital offers great returns - for those willing to take the risks, analysts say.

  • Wine Jitters: Chinese Students Attacked in Bordeaux Monday, 17 Jun 2013 | 8:26 AM ET

    French politicians moved quickly to re-assure China after an attack on Chinese students in the Bordeaux region raised concerns about racism and threatened to tarnish Chinese investments into France’s wine industry.

  • Defense Companies Call for European Drone Program Monday, 17 Jun 2013 | 5:08 AM ET
    A drone on display in the exposition hall of the Border Security Expo in Phoenix

    European aerospace companies called on Europe to launch its own independent drone program to equip armies across the continent.

  • Turkey Markets Hit After Weekend of Violence Monday, 17 Jun 2013 | 3:48 AM ET

    Turkish stocks dropped 1.7 percent and benchmark bond yields rose to 6.51 percent on Monday from 6.21 percent on Friday.

  • Is Italy on a Collision Course With Europe? Monday, 17 Jun 2013 | 2:49 AM ET
    Domes of San Carlo al Corso Church and St. Peter's Basilica

    Italy's fragile coalition government announced a raft of measures to boost its economy this weekend, but the package was conspicuous for the absence of spending cuts.

  • Telefonica Denies $93 Billion Offer From AT&T Monday, 17 Jun 2013 | 2:43 AM ET
    Pedestrians pass a Telefonica SA fixed-line public telephone in Madrid, Spain

    Telefonica said it had not received any indication of interest from AT&T, following a Spanish newspaper report that the government had halted a 70 billion-euro ($93 billion) offer.

  • UK Bank Plans Bail-In to Plug $2.4 Billion Hole Monday, 17 Jun 2013 | 12:45 AM ET
    Pound coin

    Britain's Co-operative Bank is close to agreeing a rescue package with the Bank of England that will plug a capital shortfall of up to 1.5 billion pounds ($2.35 billion).

  • Why Euro’s Political Crisis May Be Permanent Sunday, 16 Jun 2013 | 10:51 PM ET

    The euro is a unique example of an asset class with intrinsic investment features, but is it a reliable store of value?

  • In Paris, Airbus and Boeing Battle for Supremacy Sunday, 16 Jun 2013 | 4:08 AM ET

    In the heated battle for leadership in commercial airplanes Boeing and Airbus believe they are positioned to have strong showings at the Paris Air Show.

  • Police Raid on Istanbul Park Sparks Rioting Saturday, 15 Jun 2013 | 6:52 PM ET
    Turkish police firing tear gas battle anti-government protestors after recapturing Gezi Park near Taksim Square, after an absence of 17 days in the heart of Istanbul, Turkey, on June 15, 2013.

    Thousands of people took to the streets of Istanbul overnight on Sunday, after riot police firing teargas and water cannon stormed Gezi park.

  • Moderate Cleric Wins Iranian Presidency Saturday, 15 Jun 2013 | 2:57 PM ET
    Iranian President-elect Hassan Rowhani speaks to the press following a visit to the Khomeini mausoleum, in Tehran on June 16, 2013.

    Moderate Iranian cleric Hassan Rohani beat conservative rivals to win the presidency, it was announced Saturday.

  • Czech Republic Rocked by Spying, Corruption Scandal Saturday, 15 Jun 2013 | 8:30 AM ET
    A policeman stands in front of the Czech Government headquarters. Several people were arrested by the police squad for uncovering organised crime (UOOZ) at the Czech Government offices after a cabinet meeting.

    Czech Prime Minister Petr Necas came under renewed pressure to quit on Saturday over charges that a close aide abused her powers.

  • Deutsche Bank 'Horribly Undercapitalized': Regulator Saturday, 15 Jun 2013 | 4:30 AM ET
    Deutsche Bank AG's headquarters in Frankfurt, Germany.

    A top U.S. banking regulator called Deutsche Bank's capital levels "horrible" and said it is the worst on a list of global banks based on one measurement of leverage ratios.

  • Art Fair 'Fatigue' Fails to Deter Buyers at Basel Friday, 14 Jun 2013 | 1:14 PM ET

    Art Basel, one of the world's most prestigious modern and contemporary art fairs, opened its doors this week. But with back-to-back fairs on art collectors and dealers' agenda, is "fair fatigue" setting in?

  • BoE's Tucker to Quit After Losing Out to Carney Friday, 14 Jun 2013 | 12:01 PM ET

    Bank of England Deputy Governor Paul Tucker will stand down later this year, giving the Canadian an early chance to start reshaping the BoE's upper echelons.

  • BAE Must Adjust its Cost Base: New Chairman Friday, 14 Jun 2013 | 8:26 AM ET
    The British Union Jack flag flies alongside the BAE flag

    U.K. aerospace giant BAE Systems must adjust its cost-base, according to newly appointed chairman, Roger Carr.

  • Turkey Crisis Cools After PM Meets Protesters Friday, 14 Jun 2013 | 6:42 AM ET
    Prime Minister Tayyip Erdogan

    Turkish protesters said on Friday Prime Minister Tayyip Erdogan had pledged hold off on plans to redevelop an Istanbul park until a court ruled on the project.

  • Why Odds Are Stacked Against Strong Euro Friday, 14 Jun 2013 | 5:11 AM ET

    The euro has gained more than 4 percent against the U.S. dollar since mid-May, but forex analysts tell CNBC that the single currency is headed lower.

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