Don't expect Greek banks to reopen before around July 20, said Athens Chamber of Commerce and Industry President Constantine Michalos.» Read More
Silvio Berlusconi is renowned for his off-color remarks and personal scandal.
The former president of the European Central Bank also told CNBC the shutdown signals "enormous difficulty" for the nation's democratic processes.
U.K. Prime Minister David Cameron used his closing speech at his party's conference to reiterate the Conservatives' commitment to business, calling Britain "the land of opportunity".
The European Central Bank on Wednesday left the door open for further ultra-cheap loans to European banks, saying the bank had an array of instruments at its disposal to support the nascent recovery.
Plans to scrap the European Union's milk quota have been met with anger as politicians and analysts warn that volatility in prices could hit some countries' already-fragile economies.
Italy's Prime Minister Enrico Letta has won a vote of confidence by a resounding margin, just days after his government seemed to be teetering on the brink of collapse.
Apple's new iPhone may have caused queues in New York, Berlin, Beijing and London, but over in Russia the streets were bare with no official release date of the company's latest smartphone expected until November, according to local media reports.
As official figures reveal that Spain's unemployment rose in September, one Spaniard's story of struggling to get work in his home country has gone viral.
JPMorgan Chase shook off the "London Whale" scandal to take the top spot for investment banking fees, according to a report published on Wednesday.
The U.K. supermarket landscape is changing, with Tesco’s long-held place at the top of the market beginning to look shaky.
The glory days might be over for the shipping industry, but there are reasons for optimism, the chief financial officer of shipping giant Maersk Line told CNBC.
International financial markets reacted to the shutdown of the American government with remarkable calm on Tuesday.
While Puma's recent renewal of its sponsorship of Usain Bolt seemed like a no-brainer, the story was somewhat different a decade ago.
France's parliament passed a law on Tuesday imposing tough penalties on companies that shut down operations deemed economically viable, as President Francois Hollande struggles to save jobs in a declining industrial sector.
The long-term prospects for the gas market are looking good, despite current price pressures, the chief executive of Gazprom Export told CNBC.
J Sainsbury, Britain's third-biggest grocer, met forecasts with a pick-up in quarterly sales driven by growth at local convenience stores and online, outperforming rivals including market leader Tesco.
Silvio Berlusconi fought to hold his party together on Tuesday, a day before a showdown in the Italian parliament that will decide whether Prime Minister Enrico Letta can survive in office.
As the U.S. government shuts down after 11th-hour dealmaking failed to produce a budget, similar political rumblings can be heard in Europe.
Senior bankers in Britain could face a maximum jail term of seven years if they are found guilty of reckless misconduct, draft laws published on Tuesday said.
The Vatican bank published its annual accounts for the first time on Tuesday in an attempt to boost transparency and distance itself from a string of scandals.
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Alexandra Pitta-Chazapi, board member for the Athens Chamber of Commerce, discusses the problems facing Greek families and businesses because of capital controls.
Kiran Ganesh, multi asset strategist at UBS Wealth Management, explains why the dip in European stock markets is a buying opportunity for investors, in spite of the problems in Greece.
Stefan Ingves, governor of Sweden's central bank, defends the bank's decision to cut interest rates, shocking the markets.