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Europe News


  • What’s at stake for Russia in Syria Tuesday, 3 Sep 2013 | 9:58 AM ET
    Tartus Port is the second largest port city in Syria.

    The gridlock at the UN Security Council between the U.S.and Russia is dragging on, due to a gamut of competing interests in Syria.

  • People eat lunch in a cafe in Rome, Italy.

    Lunch is the most important meal of the day for 68 percent of Italians and 74.3 percent usually eat it at home, a figure which has grown as a long recession has hit spending on food.

  • UK economy goes from strength to strength Tuesday, 3 Sep 2013 | 8:25 AM ET
    Skyscrapers under construction in London.

    It's not just Arsenal fans who have had a particularly good few days, as better-than-expected economic data also cheers U.K. Chancellor George Osborne.

  • Swiss banks apologize for assisting tax cheats Tuesday, 3 Sep 2013 | 8:23 AM ET

    Switzerland's banks on Tuesday issued an unusually direct apology for their role in helping tax cheats, following a landmark settlement with U.S. authorities.

  • Ballmer: Nokia deal opens possibilities for tablets Tuesday, 3 Sep 2013 | 7:05 AM ET
    Microsoft CEO Steve Ballmer

    Steve Ballmer, CEO of Microsoft, was quick to stress on Tuesday that the decision to buy Nokia's mobile business opened up exciting possibilities in the tablet and PC space.

  • Vodafone shareholders set to receive one of the biggest ever payouts from a corporate asset sale on Tuesday cheered the $130 billion deal the group struck with Verizon, but for some, the agreement presents a conundrum.

  • Soccer clubs in the English Premier League splashed out a record £630 million ($980 million) in the summer transfer window as major signings were made in the final hours.

  • Is Elop being groomed to take top job at Microsoft? Tuesday, 3 Sep 2013 | 12:51 AM ET
    Stephen Elop, outgoing chief executive officer of Nokia Oyj, speaks during a news conference at the Dipoli conference center in Espoo, Finland, on Tuesday, Sept. 3, 2013.

    Microsoft's deal to buy Nokia's mobile phone business may be about one man—Stephen Elop—and whether he's being groomed to take over the top job.

  • Vittorio Colao, chief executive officer of Vodafone Group

    Vodafone's priority following the $130 billion sale of its stake in Verizon Wireless will be to use the cash pile for accelerating investment in its own wireless networks.

  • Verizon, Vodafone seal $130 billion wireless deal Monday, 2 Sep 2013 | 12:05 PM ET

    Verizon agreed to buy out Vodafone's 45 percent stake in Verizon Wireless for $130 billion, capping its effort to win control of the most profitable U.S. mobile provider.

  • Protectionism is thriving and ‘could hit growth’ Monday, 2 Sep 2013 | 10:44 AM ET
    Riot police line up at an anti Free Trade Agreement rally in Seoul, South Korea.

    Trade protectionism has continued to increase across the world over the last year, with over 150 new trade restrictions created and almost 700 introduced since October 2008.

  • Icahn mulls activist role in Switzerland's Nuance Monday, 2 Sep 2013 | 10:35 AM ET

    Carl Icahn, the activist investor, has been building a stake in Swiss technology firm Nuance since April, and last week made a financial filing that signaled an intention to move from a passive to activist position in the company. The FT reports.

  • Roll up, roll up: UK banks are up for sale Monday, 2 Sep 2013 | 7:44 AM ET

    U.K. banks are probably still a high wire act. But there is definitely money to be made in this circus, writes CNBC's Helia Ebrahimi.

  • Property boom may double homebuilder dividends Monday, 2 Sep 2013 | 7:34 AM ET

    Dividend payments by U.K. homebuilders will nearly double this year, according to financial information provider Markit, as a buoyant housing market prompts better returns for shareholders.

  • How should Vodafone spend Verizon’s $130 billion? Monday, 2 Sep 2013 | 7:32 AM ET

    The long-anticipated sale of Vodafone’s stake in its wireless joint venture with Verizon is expected to leave the European telecoms giant with tens of billions of dollars to spend. So what will be top of chief executive Vittorio Colao’s shopping list?

  • The gap in earnings between the U.S and Europe is at a 25 year high, according to UBS, which says profits in Europe will rebound to their pre-crisis peak within three years.

  • UK retail: Good data, grim prognosis Monday, 2 Sep 2013 | 6:29 AM ET

    Thousands of retail businesses in the U.K.'s town centers are on the brink of collapse, a veteran retail analyst will warn this week, as data appears to confirm a rebound in sales.

  • Euro zone manufacturing picks up in August Monday, 2 Sep 2013 | 5:25 AM ET

    Manufacturing activity in the euro zone rose to its highest level since June 2011 in August, as the sector expanded across the majority of countries in the region.

  • Severstal: Steel must prepare for slowing China Monday, 2 Sep 2013 | 4:24 AM ET
    steel making.jpg

    The global steel industry should prepare for slowing China growth, Alexey Kulichenko, the chief financial officer of Russia's second-largest steel producer Severstal, told CNBC on Monday.

  • Telecom Italia up as mammoth deal reshapes sector Monday, 2 Sep 2013 | 4:15 AM ET

    Shares in Telecom Italia rose 3 percent in early trade on Monday, amid renewed speculation it may join a sector merger wave as Verizon Communications and Vodafone were set to announce a $130 billion deal.

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