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Europe News


  • Alexander Alioto

    Britain's dominant services sector grew at its fastest pace in more than six years last month, suggesting a nascent economic recovery is rapidly building steam.

  • Euro zone business expanded for the first time in 18 months in July, albeit very slightly, suggesting the economy is slowly starting to stabilize.

  • Lloyds Banking Group eyes dividend bonanza Monday, 5 Aug 2013 | 2:27 AM ET

    António Horta-Osório, CEO of Lloyds Banking Group, said he aims to start paying out up to 70 percent of the bank's earnings in dividends within three years.

  • Thousands of supporters of Silvio Berlusconi protested in Rome against a tax fraud conviction, but the center-right leader said the government must continue.

  • Vodafone sues Telecom Italia for 1 billion euros Monday, 5 Aug 2013 | 1:18 AM ET

    British telecoms provider Vodafone is suing Telecom Italia for abusing its dominant position in Italy, seeking damages of more than 1 billion euros ($1.3 billion).

  • Hail to the beef: Americana on the rise in London Sunday, 4 Aug 2013 | 9:28 PM ET
    A freshly prepared cheeseburger sits on a kitchen counter at the first U.K. outlet of U.S. burger restaurant chain Five Guys in London, U.K.

    The introduction of Five Guys and Shake Shack in London last month is part of a growing trend of American culture seeping into British food and drink.

  • Fed and ECB accused of 'muddying the waters' Friday, 2 Aug 2013 | 10:55 AM ET

    As markets digest monetary policy statements from three of the world's major central banks within 24 hours, two of the institutions have been hit with accusations of causing confusion and lacking transparency by economists.

  • New RBS boss tasked with restoring bank to health Friday, 2 Aug 2013 | 8:44 AM ET

    ShaNew Zealander Ross McEwan was confirmed as boss of Royal Bank of Scotland on Friday, tasked with laying the foundations for Britain to start selling its 81 percent stake in the bank.

  • What recession? Brits are feeling more confident Friday, 2 Aug 2013 | 4:13 AM ET

    Britons are feeling more upbeat about their job prospects than they have for five years, according to new research, which follows a raft of positive economic data.

  • Berlusconi won't give in: What it means for Italy Friday, 2 Aug 2013 | 4:08 AM ET

    Although Italy's Silvio Berlusconi is still safe in public office while a review of what would effectively be political exile takes place, his conviction for tax fraud is an "extremely destabilizing development" with significant implications for Italy's fragile coalition government, analysts said.

  • Luxury residential properties are seen on Eaton Place, Belgravia, in London, U.K.

    U.K. house prices surged to a five-year high in July, according to the U.K.'s biggest building society, but the author of the new report told CNBC that talk of a housing bubble are overplayed and price moves are only "modest".

  • Pimco helps Europe's largest insurer beat forecasts Friday, 2 Aug 2013 | 1:29 AM ET

    Europe's largest insurer Allianz posted a strong second quarter performance on Friday helped by the performance of Pimco, which saw a 40 percent profit growth from the first quarter.

  • Mediaset exec: Berlusconi didn't help run company Thursday, 1 Aug 2013 | 3:39 PM ET

    A top executive for the media company at the center of Silvio Berlusconi's tax fraud conviction said the billionaire politician did not play any role in running the company he founded.

  • Berlusconi's last appeal rejected, sentence upheld Thursday, 1 Aug 2013 | 2:46 PM ET

    Italy's supreme court rejected Berlusconi's final appeal and upheld his jail sentence in a blow to the former prime minister that could throw the country's government into crisis.

  • Get into Egypt 'sooner rather than later' Thursday, 1 Aug 2013 | 11:24 AM ET

    Investors should view Egypt's political crisis as a buying opportunity and get in "sooner rather than later", the country's finance minister told CNBC on Thursday.

  • ECB's Draghi confirms low interest rate guidance Thursday, 1 Aug 2013 | 9:14 AM ET
    European Central Bank

    European Central Bank President Mario Draghi on Thursday repeated interest rates would remain at present or lower levels for an extended period of time, a move the bank hopes will support a recovery in the euro zone later this year and in 2014.

  • This could be the best way to play the UK recovery Thursday, 1 Aug 2013 | 8:23 AM ET
    Pound coin

    Amid growing signs of a recovery in the U.K. economy, one currency strategist says the best way to position for the rebound is to sell the euro against sterling.

  • Free electricity on Saturdays? Offer could come to UK Thursday, 1 Aug 2013 | 7:41 AM ET

    U.K. homes could soon be powered for nothing at the weekends, if radical plans by energy supplier British Gas are implemented.

  • Bank of England holds fire before key inflation report Thursday, 1 Aug 2013 | 6:46 AM ET
    A city worker walks past the Bank of England in central London.

    The Bank of England opted to maintain its main interest rate at 0.5 percent and keep its asset purchase program on hold, but did not issue a statement about future policy following the decision.

  • Colossal debate over road through Rome's history Thursday, 1 Aug 2013 | 6:18 AM ET

    Rome's mayor is seeking to ban private traffic on a roadway from the central Piazza Venezia to the Colosseum, prompting a histrionic debate.

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Europe Video

  • Arrests not good for image, but good for FIFA

    Walter de Gregorio, director of communications and public affairs at FIFA, says that while Wednesday's arrests aren't good for the soccer body's image, the World Cups in Qatar and Russia will continue as planned.

  • FIFA hit by scandal, arrests

    Walter de Gregorio, director of communications and public affairs at FIFA, says FIFA will provide all information necessary to help with Swiss investigations.

  • FIFA: Election will take place as planned

    Walter de Gregorio, director of communications and public affairs at FIFA, says that elections will go ahead as planned, and that FIFA cannot confirm names or number of arrests.