Europe News


  • Verizon nears $130 billion wireless deal: Report Saturday, 31 Aug 2013 | 8:01 PM ET

    Verizon is near a $130 billion deal to buy out the stake in Verizon Wireless it doesn't already own, sources said.

  • Vodafone investors split on best use of windfall Saturday, 31 Aug 2013 | 4:41 PM ET

    Top investors in Vodafone are set to clash over what it should do with perhaps as much as $130 billion in proceeds from the sale of its stake in Verizon Wireless.

  • Zurich probes if undue pressure caused CFO suicide Friday, 30 Aug 2013 | 1:32 PM ET
    Pierre Wauthier, CFO of Zurich Insurance Group

    Zurich Insurance will investigate whether excessive pressure was put on the company's finance chief ahead of his apparent suicide.

  • Hermes co-CEO: Weak yen means we may hike prices Friday, 30 Aug 2013 | 10:19 AM ET

    The co-CEO of Hermes said that volatility in the currency markets, particularly the yen, could lead the French luxury goods maker to price hikes next year.

  • Champions League soccer success ‘critical’ Friday, 30 Aug 2013 | 10:16 AM ET

    But there is more at stake in the Champions League than a shiny trophy. The tournament is critical for a club's financial success and poor performance could have a big impact on a team's economic health, according to analysts.

  • Don’t cull me now: celebrities fight for badgers Friday, 30 Aug 2013 | 9:38 AM ET
    5,000 badgers are expected to be culled in a six-week U.K. trial

    Musician Meat Loaf, actress Judi Dench and Queen guitarist Brian May have joined forces in an unusual alliance in the U.K. to protest against a pilot scheme to cull badgers.

  • France's Hollande sees stronger 2014 growth Friday, 30 Aug 2013 | 6:58 AM ET
    French President Francois Hollande

    President Francois Hollande has said he believes French economic growth in 2014 will be stronger than expected in official forecasts, as he fended off criticism of his economic reforms.

  • Weak euro zone jobs picture overshadows bright spots Friday, 30 Aug 2013 | 6:24 AM ET

    Business confidence and economic sentiment in the euro zone saw a sharp improvement in August, but unemployment remained at a record high across the 17-nation bloc, putting a dampener on expectations for the region's economic recovery.

  • The U.K. Parliament's rejection of military action over Syria is a major turning point away from the U.S., according to one U.K. lawmaker.

  • Carlos Slim ready to abandon KPN bid Friday, 30 Aug 2013 | 3:30 AM ET

    America Movil said it remained committed to its 7.2 billion-euro ($9.52-billion) takeover bid for Dutch group KPN but would withdraw it if a foundation prepared to block the deal kept its current stance.

  • L'Oreal on Nestle deal: 'This is business fiction' Friday, 30 Aug 2013 | 2:01 AM ET
    Jean-Paul Agon, chief executive officer of L'Oreal SA

    L'Oreal's rumored buyback of Nestle's 29.5 percent stake in the French cosmetics giant looked far from a done deal on Friday, with Jean-Paul Agon, chairman and CEO of L'Oreal, telling CNBC that the ball was in the Swiss food giant's court.

  • UK parliament rejects military action against Syria Thursday, 29 Aug 2013 | 5:55 PM ET
    David Cameron

    "[T]he British Parliament, reflecting the views of the British people, does not want to see British military action," UK Prime Minister Cameron said.

  • Mark Carney: the ‘George Clooney’ of banking? Thursday, 29 Aug 2013 | 10:16 AM ET

    He broke the mold with forward guidance - now, new Bank of England Governor Mark Carney is setting trends with his clothing.

  • Syria: UK 'legally entitled' to take military action Thursday, 29 Aug 2013 | 8:42 AM ET
    David Cameron

    Britain's government has published internal legal advice which it said showed it was legally entitled to take military action against Syria, even if the UN blocked such action.

  • The secret recipe of German economic success Thursday, 29 Aug 2013 | 7:46 AM ET

    Germany's youth apprentice schemes have been hailed as the country's biggest weapon against youth unemployment, and some argue they boost the economy too.

  • Verizon, Vodafone discuss possible $130 billion deal Thursday, 29 Aug 2013 | 5:58 AM ET

    Shares of U.K. telecom firm Vodafone surged 9 percent on Thursday after it confirmed discussions with Verizon Communications over its 45 percent stake in their U.S. joint venture Verizon Wireless.

  • Italy's crucial tax deal will come at a cost Thursday, 29 Aug 2013 | 4:40 AM ET

    The pressure on Italy's fragile Italian coalition government may have eased after ministers agreed to abolish an unpopular real estate tax, but some analysts warned that this political stability would come at a cost.

  • Zurich chairman resigns over CFO's apparent suicide Thursday, 29 Aug 2013 | 2:34 AM ET
    Josef Ackermann

    Josef Ackermann, the chairman of Zurich Insurance Group, has resigned after indicating that he felt pressured to take part of the responsibility for the death of Chief Financial Officer Pierre Wauthier, the firm announced on Thursday.

  • France boosts profit at Europe’s largest supermarket Thursday, 29 Aug 2013 | 1:46 AM ET

    Carrefour reported a 4.9 percent rise in first-half recurring operating profit as a sharp improvement in the profitability of its core French business offset weakness in Spain and Italy, and in Asia.

  • Venice Film Festival: Launch pad for indie movies? Wednesday, 28 Aug 2013 | 12:02 PM ET
    Actors Sandra Bullock and George Clooney at the 2013 Venice Film Festival

    The world's oldest international film festival, which kicked off on Wednesday, is becoming an increasingly important launch pad for small-budget films, according to industry experts.

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Europe Video

  • FX markets: Reading the Fed

    If there's more dovish comment from the Federal Reserve tomorrow, will there be a big reaction in euro-dollar? Michael Sneyd, FX analyst at BNP Paribas, weighs in.

  • Is Apple's iPhone growth a 'home run'?

    Daniel Ives, managing director at FBR Capital Markets, discusses the growth in iPhone sales, saying Apple scored a "home run", with bigger screens "selling like hot cakes" in places like China.

  • UK growth data was 'disappointing'

    Ross Walker, senior U.K. economist at RBS, says that the British economy looks "meaningfully weaker" than the Bank of England's indicates.