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Europe News


  • Rio Tinto to hang on to loss-making aluminium arm Thursday, 8 Aug 2013 | 1:40 AM ET
    A mine worker looks at a train loader at Rio Tinto Group's West Angelas iron ore mine in Pilbara, Australia.

    Global miner Rio Tinto signaled it has given up hope of ditching its Pacific Aluminium business, as it reported an 18 percent drop in first-half underlying earnings.

  • Frankfurt, Germany

    A bumper week of economic data for Germany, coupled with a confirmation of its AAA rating, has boosted hopes that its recovery is gaining traction.

  • BoE’s Carney fails to impress with ‘Fed 2.0’ Wednesday, 7 Aug 2013 | 10:33 AM ET
    Incoming Bank of England Governor Mark Carney

    Bank of England governor Mark Carney followed in the Federal Reserve's footsteps on Wednesday by linking the interest rate outlook to unemployment, but experts are unconvinced of the advantages of his new plans.

  • Bruni-Sarkozy: I don’t miss the Élysée Wednesday, 7 Aug 2013 | 10:29 AM ET
    Carla Bruni-Sarkozy and her husband, former French President Nicolas Sarkozy, at the Élysée Palace in July, 2008

    Just over a year since she left France's presidential residence, Carla Bruni-Sarkozy told CNBC she doesn't miss being the country's first lady.

  • Hollywood filmmakers lured to Britain by tax credits Wednesday, 7 Aug 2013 | 8:05 AM ET
    Chris Hemsworth (R) sighted filming on the set of Thor 2 in London, England.

    Tax breaks are succeeding in luring top Hollywood filmmakers to Britain, according to the director of the British Film Institute's Film Fund, who argued the country's economy benefitted as a result.

  • Hello green shoots: Italy’s recession close to end Wednesday, 7 Aug 2013 | 3:39 AM ET

    Italy’s longest post-war recession appears to be drawing to a close, with economists predicting that its GDP will finally return to growth in the last quarter of 2013.

  • France: Adieu frogs' legs, bonjour fast food Wednesday, 7 Aug 2013 | 3:25 AM ET

    For the first time in France, fast food overtook traditional restaurant receipts as the economic crisis deepened, and the share of people who pack a lunch for work is rising faster by the year.

  • Old Mutual weathers emerging market storm Wednesday, 7 Aug 2013 | 2:48 AM ET

    Insurer Old Mutual reported a 14 percent rise in operating profit for the first half of 2013 on Wednesday in line with analyst forecasts, helped by a strong performance in rocky emerging markets as well as the United States.

  • ING eyes cost cuts as bank profit tops forecast Wednesday, 7 Aug 2013 | 1:27 AM ET

    Dutch financial group ING beat second-quarter profit forecasts at its main banking business and said it was looking at further possible cost savings.

  • UK job vacancies surge as competition hots up Wednesday, 7 Aug 2013 | 12:01 AM ET

    U.K. job placements surged in July, according to a new report by KPMG, a day after the Bank of England said it would keep interest rates at record lows until unemployment falls.

  • Bespoke tailors battle with Abercrombie & Fitch Tuesday, 6 Aug 2013 | 7:17 PM ET

    Plans by Abercrombie & Fitch to open a children's store on London's Savile Row have come under fire from tailors determined to keep the historic street free of chain stores.

  • Signs that Europe is getting better Tuesday, 6 Aug 2013 | 4:28 PM ET

    There are some early signs that Europe may be bottoming.

  • A blunt Pope Francis targets free market economics Tuesday, 6 Aug 2013 | 3:21 PM ET
    Pope Francis I

    Pope Francis has made several critical comments on world economic issues. Analysts say he's issuing a warning over the future of free market thinking.

  • Italy's largest bank posted better-than-expected net profit on Tuesday, despite setting aside 1.7 billion euros ($2.3 billion) to cover losses on bad loans.

  • Natixis beats net profit, revenue estimates Tuesday, 6 Aug 2013 | 11:39 AM ET

    French bank Natixis posted second-quarter profit and revenue that beat estimates on Tuesday, after rival Credit Agricole reported results that also topped forecasts.

  • Market watchers await Carney’s first comments Tuesday, 6 Aug 2013 | 10:10 AM ET
    Mark Carney

    The Bank of England's inflation report is not usually renowned for crashes, bangs or wallops - but on Wednesday, U.K. market watchers will be following it with bated breath.

  • Fancy a game of… Segway polo? Tuesday, 6 Aug 2013 | 9:18 AM ET

    Polo has often had a stuffy reputation. But one London-based technology consultant is now looking to introduce the British to Segway polo, a revamped form of the game.

  • Insurer offers $1.3 million reward in jewel heist Tuesday, 6 Aug 2013 | 8:01 AM ET

    A Lloyds of London affiliate is offering a 1 million euro ($1.3 million) reward for information leading to a diamond collection stolen at gunpoint from a jewel show in Cannes.

  • They're back: The revenge of the retail banker Tuesday, 6 Aug 2013 | 6:04 AM ET

    Ross McEwan's appointment as chief executive of Royal Bank of Scotland marked the latest phase in the return of retail banking to center stage.

  • Pension schemes for FTSE 100-listed companies failed to benefit from a rising stock market in the past year, leaving them with a gap between assets and liabilities of some £43 billion pounds ($66.09 billion), according to a new report released on Tuesday.

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