Cypriot Central Bank governor Panicos Demetriades submitted his resignation on Monday, which was accepted by President Nicos Anastasiades, an official statement said.» Read More
Starbucks $450 gift card is made of stainless steel and will only be available in limited quantities through a luxury goods website. Is the Starbucks $450 steel gift card a sign that Starbucks is going "1 percent" on us? Or is it just harmless, splurgy fun?
An odd alliance between pro-democracy activists and Mubarak loyalists is raising eyebrows. Who is playing who?
Germany's Dax index, which has risen 28 percent this year to its highest value since January 2008, is positioned to benefit from improvements in the global economy, given its companies' exposure to export markets. The FT reports.
Following the sharp selloff in the euro, foreign exchange strategists tell CNBC they expect the single currency to bounce back quickly.
Shares of Italian fashion house Prada surged as much as 7.9 percent to an all-time high on Friday after the Milan-based company posted forecast-beating quarterly results.
The bank slashed its forecasts for the euro zone economy on Thursday, showing a contraction next year was very likely before a return to growth in 2014.
The Bank of England left monetary policy unchanged on Thursday as expected, voting as it did last month not to buy more government bonds and pump money into Britain's stagnant economy.
The U.K. government should be doing more to promote growth if the country is going to revive its struggling economy, shadow finance minister Ed Balls told CNBC on Thursday, as new data emerged showing that the U.K. is likely to enter into a triple-dip recession.
A U.S. port workers union has accused APM Terminals, a port operator of A.P. Moller-Maersk, of spying on union representatives in Los Angeles by tapping their phones.
The European Central Bank is likely to keep interest rates on hold on Thursday but may offer clues on its policy path for next year with updated forecasts likely to present a grim outlook for the euro zone economy in 2013.
Dr. Markus Kerber, chief executive at the German Federation of Industry talks to CNBC about what Europe needs to create growth, the German election campaign and how the German economy will look in 2013.
The accord to wind down a Franco-German power-sharing pact came weeks after talks broke down to merge the group with UK arms firm BAE Systems, taking advantage of the groundwork for the failed $45 billion deal.
Paul Krake, Founder of View from the Peak: Macro Strategies, says investors shouldn't expect much from the ECB or BOE meetings later today as both central banks look set to sit on their hands.
The euro fell from a seven-week high Wednesday after a disappointing Spanish bond auction and weak euro zone economic data.
Standard & Poor's cut Greece's sovereign long-term foreign currency credit rating to "selective default" from an already low "CCC" rating.
The British economy has performed less strongly than expected and a crisis in the euro zone will constrain growth for several years, finance minister George Osborne said in a budget update to parliament on Wednesday.
CNBC's Ross Westgate reports on all the market moving events from Europe, as shares traded higher ahead of key budget statements from the United Kingdom and Ireland.
Greek hospitals are in such dire straits that staff are failing to keep up basic disease controls such as using gloves and gowns, threatening a rise in multi-drug-resistant infections, according to Europe's top health official.
Pensions in Britain will be hit by further cuts to tax relief announced on Wednesday by Finance Minister George Osborne. Analysts tell CNBC that the measures will not just affect Britain's high earners.
The U.K.'s welfare state has a long and distinguished history, with elements of its healthcare recently being compared with President Barack Obama's Medicare reforms.
The U.K. recovery remains fragile says BT chairman, Michael Rake, adding that weak investments and political instability continue to weigh.
BT chairman, Sir Michael Rake, tells CNBC that the group has improved its financial position and credibility by providing competition in the TV space.
CNBC's Julia Chatterley reports on the resignation of the Cypriot central bank governor, citing long-existing tensions between the governor and the government due to the handling of the island's bailout.