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Europe News


  • EU lawyers say transaction tax plan is illegal Tuesday, 10 Sep 2013 | 8:47 AM ET
    Brokers at the German Stock Exchange in Frankfurt, Germany.

    A plan to tax financial transactions in 11 European Union member states from 2014 is illegal, the bloc's lawyers have concluded.

  • Painting languishing in an attic is a Van Gogh Tuesday, 10 Sep 2013 | 4:59 AM ET

    A previously unknown oil painting by Vincent Van Gogh that was abandoned in an attic has been found and confirmed by experts as authentic.

  • Reasons not to celebrate UK recovery yet Tuesday, 10 Sep 2013 | 3:55 AM ET

    There is plenty of temptation to crack open the champagne and celebrate the U.K.’s return to economic health.

  • Auto CEOs: 2014 will not be an easy year Tuesday, 10 Sep 2013 | 4:00 AM ET

    Europe's auto industry may not return to growth until it undergoes heavier restructuring similar to that undertaken in the U.S.

  • France's 75% tax to only hit 2013, 2014 salaries Tuesday, 10 Sep 2013 | 3:16 AM ET
    French President Francois Hollande

    France's planned 75-percent tax on salaries exceeding 1 million euros ($1.3 million) per year will be levied on firms in 2013 and 2014 only, French business daily les Echos reported.

  • Jaguar Land Rover unveils UK investment plans Tuesday, 10 Sep 2013 | 6:03 AM ET
    A Jaguar C-X17 SUV prototype at the Frankfurt International Motor Show

    Jaguar Land Rover unveiled plans to create 1,700 new jobs in the U.K. on Tuesday, as its CEO heralded strong global demand, in marked contrast to other, more cautious carmakers.

  • Glencore to beat cost saving target, more ahead Tuesday, 10 Sep 2013 | 2:40 AM ET

    Glencore Xstrata promised investors on Tuesday it would slash costs, shelve risky projects and squeeze more benefits from its $46 billion takeover of mining group Xstrata, lifting its target to at least $2 billion of synergies by next year.

  • European automakers look to charge things up Monday, 9 Sep 2013 | 4:50 PM ET
    A partially covered Vauxhall at the 2013 Frankfurt International Motor Show

    Brands as diverse as BMW, Volkswagen and Porsche are introducing hybrids, plug-ins and battery electric vehicles at the Frankfurt Motor Show.

  • A landslide election win for Norway's opposition Monday, 9 Sep 2013 | 11:43 PM ET
    Lofoten Islands, Norway

    As Norwegians headed to the polling stations in a national election on Monday, analysts warned the country's economy risked overheating.

  • Car industry dynamics 'are shifting': BMW Monday, 9 Sep 2013 | 12:24 PM ET
    BMW i3

    The dynamics of the car industry and the global economy have started to shift, according to the head of sales for BMW.

  • Europe’s real dilemma: Demand Monday, 9 Sep 2013 | 7:43 AM ET
    A shopping street in Steglitz district in Berlin, Germany.

    It has become something of a cliché to argue that no real decisions in the euro zone debt crisis will be taken until after the German election in September, but this may be a red herring.

  • Euro zone sentiment turns positive Monday, 9 Sep 2013 | 7:52 AM ET
    Flags of the EU member states fly near a statue holding the euro sign in  in Brussels.

    Euro zone sentiment turned positive for the first time in more than two years.

  • The Chairman of the Pirelli Group, Marco Tronchetti Provera.

    Europe remains difficult terrain, according to Pirelli, with the company focussed on the premium sector.

  • EU backs Monte Paschi capital hike plans Monday, 9 Sep 2013 | 2:50 AM ET

    Plans by Italian lender Banca Monte dei Paschi di Siena (BMPS) to raise over double its planned capital increase under a new bailout program have won the support of the European Union's antitrust regulator.

  • Irish whiskey sales surge as stuffy image ditched Monday, 9 Sep 2013 | 1:24 AM ET

    Exports of Irish whiskey are surging in key markets, multinationals are investing in the main brands and the number of distilleries is set to triple over the next five years, the FT reports.

  • Carl Icahn

    Alexander Proschofsky, the leader of a shareholder revolt against Julius Meinl over the management of his bank, is a rare example of an activist investor in a culture where consensus is the norm.

  • France's tax-free deal with Qatar comes under fire Sunday, 8 Sep 2013 | 6:55 AM ET
    The Champs-Elysees in Paris, France

    Resentment is building over a tax treaty between France and Qatar, which has seen the Arab state's royal family snap up iconic real estate such as the Champs-Elysees.

  • Greece's slump will be 'smaller than forecast': PM Saturday, 7 Sep 2013 | 6:20 AM ET

    Greece's recession will be less acute than expected this year, the country's prime minister said on Saturday.

  • Olympic Decision: Battle to host games heats up Saturday, 7 Sep 2013 | 5:54 AM ET
    Madrid, Spain

    Madrid, Istanbul and Tokyo parade before the Games' organizing body in a "least ugly" contest as they attempt to conceal their blemishes and win the right to host the 2020 Olympics.

  • Cameron uses twitter in Russia-UK diplomatic spat Friday, 6 Sep 2013 | 11:48 AM ET
    British Prime Minister David Cameron

    U.K. Prime Minister David Cameron took to social media to defend his country on Friday, after reports that Russia had mocked Britain as a small island of no significance.

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