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Europe News


  • Israeli fighter jets and Saudi missiles Saturday, 13 Jul 2013 | 12:17 AM ET

    Earlier this month, a report by Reuters on the state of Israeli air defenses flew under the radar.

  • Packed train derails near Paris, 7 believed dead Friday, 12 Jul 2013 | 4:27 PM ET
    Rescuers work at the accident at the Bretigny-sur-Orge station

    A packed passenger train derailed and crashed into a station outside Paris, with at least seven people believed dead and dozens injured on the eve of a holiday weekend, authorities said.

  • Fitch cuts France's rating on budget, economy woes Friday, 12 Jul 2013 | 10:37 AM ET

    Fitch on Friday cut France's credit rating to AA-plus on an uncertain economic outlook amid the ongoing euro zone crisis and the need for structural reform.

  • Portugal's bond market tanks as crisis deepens Friday, 12 Jul 2013 | 10:36 AM ET
    Lisbon. Portugal

    The yield on Portugal's benchmark government bonds surged on Friday, following demands for a renegotiation of its bailout program, reigniting investor fears about the deteriorating political situation in the country.

  • UK will have to sacrifice some sacred cows Friday, 12 Jul 2013 | 7:16 AM ET
    George Osborne, U.K. chancellor of the exchequer, leaves 11 Downing Street to testify at a Parliamentary Treasury Select Committee hearing

    The U.K. government will be forced to slash spending in education, the National Health Service (NHS) and international aid, areas previously ring-fenced from government cuts, according to economists.

  • Ireland set a class apart as S&P upgrades outlook Friday, 12 Jul 2013 | 5:28 AM ET

    Ireland got a pat on the back by Standard & Poor's, which raised its outlook on the country's sovereign rating on Friday, highlighting the contrast between Ireland and its struggling euro zone counterparts.

  • Euro Zone Output Down as Recovery Remains Fragile Friday, 12 Jul 2013 | 5:19 AM ET

    Euro zone factory output fell in May for the first time in four months, data showed on Friday, suggesting a fragile and uneven recovery in the bloc.

  • Break into the Bank of England… via an app Friday, 12 Jul 2013 | 4:48 AM ET
    The Bank of England

    For the first time in its 300-plus-year history, the Bank of England has thrown open the doors of its gold vaults to the public – via a new virtual tour.

  • ECB's Constancio: Policy to remain loose for a while Friday, 12 Jul 2013 | 4:13 AM ET

    The European Central Bank's monetary policy will stay loose for an extended period of time as Europe's recovery lags behind the U.S., the vice-president of the European Central Bank told CNBC.

  • Lloyds Sale Could Start as Early as September Friday, 12 Jul 2013 | 2:00 AM ET

    As much as half of the government's £18 billion stake in Lloyds Banking Group would be sold to retail investors in a provisional scenario being sketched out by officials, the FT reports.

  • Schneider in $5 billion takeover talks Friday, 12 Jul 2013 | 1:30 AM ET
    Jean-Pascal Tricoire, CEO of Schneider Electric

    Schneider Electric said it was in early talks to buy Invensys to boost its industry automation business in a deal valued at about 3.3 billion pounds ($5 billion).

  • ‘Debt Peril’ Awaits UK Households If Rates Rise Friday, 12 Jul 2013 | 1:20 AM ET

    Up to 650,000 more UK households face "debt peril" if mortgage rates rise unexpectedly before the economy returns to full strength. The Financial Times reports.

  • Swiss National Bank Sets Itself Up in...Singapore? Thursday, 11 Jul 2013 | 8:41 PM ET

    Swiss National Bank begins operations in Singapore, seeking to better manage its portfolio of assets denominated in the region's currencies. The Financial Times reports.

  • Portugal Requests Delay of Bailout Review Thursday, 11 Jul 2013 | 8:40 PM ET

    Portugal's government has requested a delay in the next regular review of the country's bailout by its creditors due to the "current political situation".

  • Royal Baby: Investing Tips for the Future Sovereign? Thursday, 11 Jul 2013 | 4:09 PM ET

    Which asset class would be an investment fit for the future king or queen? Vote below and let us know.

  • Deja Vu: Greek Unemployment Breaks Another Record Thursday, 11 Jul 2013 | 11:16 AM ET

    Fuelled by three years of austerity Athens has imposed in return for bailout funds from its foreign lenders, unemployment inched up to 26.9 percent in April.

  • Germany's Largest Landlord Admits 'Rocky' IPO Thursday, 11 Jul 2013 | 10:46 AM ET

    The CEO of Germany's Deutsche Annington told CNBC the float process had been "rocky", following its stock market debut on Thursday.

  • Top Threats to Euro: Banks and Youth Unemployment? Thursday, 11 Jul 2013 | 9:43 AM ET

    The poor health of the banking system and youth unemployment are the biggest threats to the euro zone's future economy, according to a Reuters poll of economists on Thursday.

  • Saudi princess charged with US human trafficking Thursday, 11 Jul 2013 | 9:12 AM ET
    Mugshot of Saudi Princess Meshael Alayban, 42, charged with human trafficking in California.

    Bail is set at $5 million for a Saudi princess accused in California with human trafficking for allegedly holding a domestic worker against her will.

  • Dead Lawyer Convicted of Tax Evasion in Russia Thursday, 11 Jul 2013 | 8:09 AM ET
    File photo of Nataliya Magnitskaya holding a portrait of her son, Sergei Magnitsky.

    The court also sentences British investment fund head William Browder in absentia to nine years in prison in a case that will further undermine President Vladimir Putin's reputation in the West.

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