Russia has dug itself a deep economic hole in exchange for its geopolitical ambitions, and the problem's getting worse.» Read More
The European Central Bank should keep monetary policy easy and perhaps try to lower borrowing costs further to help the euro zone's struggling economy, the head of the International Monetary Fund said on Thursday.
Guy Wolf, global head of market analytics at Marex Spectron, tells CNBC that the deterioration of the German industrial base is more severe in the short-term than people realise.
Bhaskar Laxminarayan, Chief Investment Officer of Bank Pictet & Cie, Asia says he advises clients to invest in quality names in European energy, retail and luxury sectors as he sees good value there.
Jean-Michel Six, chief European economist at ratings agency Standard & Poor's, says European house prices will continue to fall in 2013.
CNBC's Simon Hobbs reports on today's market moving events from Europe.
As the financial crisis in Europe and the U.S. forces governments to reduce budgets, entitlement policies have been cut and income inequality has increased.
Travel advice for the wealthy elite -- plus guidelines on cocktail attire -- seem far removed from the Forum's commitment to "improving the state of the world."
In a departure from recent times, the Davos gathering will be dominated by the U.S. fiscal crisis rather than Europe's.
Ireland, seen by some as a relative success story for austerity, may want to access the funds, known as Outright Monetary Transactions.
Europe's Airbus posted a 43 percent drop in orders and surrendered its crown as the world's largest planemaker to Boeing last year, but predicted improvements in both orders and deliveries for 2013 as airlines seek to reduce fuel costs.
Rio Tinto, the mining giant, was in turmoil Thursday morning after the abrupt departure of its chief executive and the announcement of a $14 billion writedown.
Richard Perks, director of retail research at Mintel International, tells CNBC who won and who lost in the Christmas trading.
Criminal masterminds and Hollywood scriptwriters have been put on notice. Germany's central bank is planning to shift 54,000 gold bars worth 27 billion euros from Paris and New York to its base in Frankfurt. The FT reports.
Karen Cho takes you through the European market open, where the rally seems to be running out of steam.
Hedge funds are betting that a prolonged consumer squeeze and a further shift to online shopping could spell trouble for Britain's retail chains.
Martin Gilbert, CEO of Aberdeen Asset Management, tells CNBC that they are seeing very strong flows into equities which have continued into the first quarter of this year.
Carrefour, Europe's biggest retailer, said fourth-quarter like-for-like sales rose 0.4 percent, reflecting further signs of improvement in its core French market but still difficult trading conditions in austerity-hit Spain and Italy.
Many critics remain skeptical of the Euro zone's future despite Greece's apparent progress. Kingsley Jones, Founder and CIO, Jevons Global believes the EU is in so deep in sovereign debt, it has little choice except to continue lending.
David Roche, Global Strategist, Independent Strategy predicts a big crash in safe-haven bond markets in 2013. He also sees a manufacturing-led recovery for the global economy.
Greece's bailout program is moving in the right direction, the head of the International Monetary Fund said on Wednesday after the IMF board agreed to pay the next aid tranche to Athens under the country's 240-billion-euro international bailout.
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Jan Dunning, CEO of St Petersburg-headquartered hypermarket chain Lenta, says the situation in Ukraine has had no impact on the group, as consumer confidence remains unaffected in Russia.
Vincent Deluard, European strategist at Ned Davis Research Group, says the strong euro is a problem for the region's companies, especially for the large exporters.
European shares closed higher on Thursday as investors brushed aside concerns regarding Ukraine and focused instead on Wall Street earnings and the latest U.S. jobs data.