Europe News


  • Merkel criticized over visit to Nazi death camp Tuesday, 20 Aug 2013 | 10:38 AM ET
    German Chancellor Angela Merkel gestures during a press conference in Berlin, Germany, Monday, Sept. 17, 2012. (AP Photo/Michael Sohn)

    Chancellor Angela Merkel was expected to warn Europeans about the dangers of right-wing extremism Tuesday as she visited the former Nazi concentration camp at Dachau - but drew criticism for doing so during an election campaign.

  • Greece needs more aid, German official admits Tuesday, 20 Aug 2013 | 8:59 AM ET

    Germany's finance minister admitted that Greece would need a third aid package, as a source in Athens said the sums involved in any new deal would be smaller than previous rescues.

  • BofA intern dies, worked 3 straight days: Reports Tuesday, 20 Aug 2013 | 8:49 AM ET

    A 21-year-old intern who worked grueling hours at Bank of America's London office died just a week before his internship was to conclude, according to reports.

  • Falling commodity prices crush miner BHP profits Tuesday, 20 Aug 2013 | 8:15 AM ET

    Top global miner BHP Billiton missed forecasts with a 30 percent drop in full-year profits, despite cutting costs in the face of falling commodity prices.

  • Fracking for shale gas hits a raw nerve in Europe Tuesday, 20 Aug 2013 | 6:03 AM ET

    The huge success of drilling for shale gas via "fracking" in the U.S. has led to claims that a new industrial era is dawning. But in Europe, with different planning laws, population density and limited infrastructure, the technology is causing growing controversy.

  • German economy minister warns against tax increases Tuesday, 20 Aug 2013 | 2:27 AM ET

    Germany's priority should be to tackle domestic competitiveness, Philipp Roesler, the economy minister and the leader of Germany's Free Democratic Party told CNBC.

  • Glencore takes $7.7 billion hit on Xstrata assets Tuesday, 20 Aug 2013 | 2:26 AM ET

    Glencore Xstrata wrote down the value of assets inherited from miner Xstrata by $7.7 billion, as it announced a 9 percent drop in core profit.

  • Persimmon CEO sees firm UK house prices Tuesday, 20 Aug 2013 | 2:08 AM ET

    Home builder Persimmon sees good demand and firm prices in the housing industry after revenue jumps 12 percent in the first half of 2013, the chief executive of Persimmon told CNBC.

  • Barclays faces renewed lawsuit over subprime Tuesday, 20 Aug 2013 | 1:51 AM ET

    A U.S. appeals court said investors may revive a lawsuit accusing Britain's Barclays of misleading them in a 2008 stock offering about its subprime mortgage exposure and credit risk management.

  • Newspaper forced to destroy Snowden material Tuesday, 20 Aug 2013 | 1:29 AM ET

    The Guardian newspaper says the U.K. government threatened legal action against the newspaper unless it either destroyed the classified documents or handed them back to British authorities.

  • Should you dive into European markets? Tuesday, 20 Aug 2013 | 1:12 AM ET

    The emerging markets' late summer rout may mean it's time to stick a toe into Europe's pool, but a cannonball off the high dive may not be on the cards.

  • France in 2025: will la vie be en rose? Monday, 19 Aug 2013 | 10:49 AM ET

    In 2025, France will have no unemployment, no debt, and tapping the housing market will be a “pleasant” experience - at least according to four of its government ministers.

  • Bitcoin recognized by Germany as 'private money' Monday, 19 Aug 2013 | 10:25 AM ET
    A twenty-five bitcoin

    Virtual currency bitcoin has been recognized by the German Finance Ministry as a "unit of account", meaning it is can be used for tax and trading purposes in the country.

  • Tesco may launch tablet to rival cheap androids Monday, 19 Aug 2013 | 8:07 AM ET

    Global supermarket chain Tesco plans to launch a tablet device, the Sunday Times newspaper reported on the weekend, with analysts saying a Tesco tablet could prove popular at the cheap end of the market.

  • Why UK banks may be fighting the ‘last war’ Monday, 19 Aug 2013 | 8:03 AM ET
    City of London

    All five of the U.K.'s biggest banks posted profits for the first half of 2013, but a report on Monday warned that banks and regulators may be too focused on combating the wrongs of the past to take heed of future threats.

  • Spain bad loan ratio rises to record in June Monday, 19 Aug 2013 | 4:32 AM ET

    Spanish banks' bad loans as a percentage of total credit rose to 11.6 percent in June, the highest level on record, Bank of Spain data showed on Monday.

  • OMV buys key Statoil oil fields for $2.65 billion Monday, 19 Aug 2013 | 3:19 AM ET

    Norway's Statoil has sold stakes in key oil fields to OMV, freeing at least $2.65 billion for capital expenditure and boosting the Austrian firm's presence in Norway's booming oil industry.

  • German elections are a 'close call': Merkel Monday, 19 Aug 2013 | 3:10 AM ET

    Chancellor Angela Merkel said the German elections in September were a "very close call" and that it would be foolish to see the result as a foregone conclusion, despite her Christian Democratic Union (CDU) leading polls.

  • Bovis CEO dismisses fears of UK housing bubble Monday, 19 Aug 2013 | 2:31 AM ET

    Despite growing fears of a housing bubble, the chief executive of Bovis Homes told CNBC that a future rise in interest rates has been priced in by lenders as the homebuilder posted a 50 percent increase in housing operating profits.

  • Sobering thought: Low-alcohol wine set to boom? Monday, 19 Aug 2013 | 1:43 AM ET

    As the number of "low alcohol" wines continues to grow, industry experts are divided over the demand for these products – and whether their taste will satisfy the sommelier's palate.

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