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Europe News


  • Citi drops Vodafone from top stock picks Friday, 6 Sep 2013 | 8:46 AM ET

    Citigroup has dropped Vodafone from its list of top European stocks, due to uncertainty about the fallout from its multi-billion dollar deal with Verizon.

  • Greek economy shrinks at slowest pace since 2010 Friday, 6 Sep 2013 | 8:02 AM ET

    Greece's economy shrank 3.8 percent in the second quarter, the smallest annual decline in nearly three years and helped by a rebound in tourism, adding to signs the economic slump may be bottoming.

  • ECB may have to cut rates: Bini-Smaghi Friday, 6 Sep 2013 | 6:07 AM ET

    Former European Central Bank (ECB) board member Lorenzo Bini-Smaghi said Mario Draghi may have to cut interest rates if bond yields keep rising, jeopardizing the euro zone's economic recovery.

  • German exports post surprise fall in July Friday, 6 Sep 2013 | 4:43 AM ET
    The port of Hamburg, Germany.

    German exports fell unexpectedly in July but imports rose, underscoring that the domestic economy will be key for growth in Germany this year.

  • Merkel: ‘No fear’ ahead of crucial election Friday, 6 Sep 2013 | 2:55 AM ET
    German Chancellor Angela Merkel, speaks in front of a flag of the European Union

    German Chancellor Angela Merkel has stated that she is not afraid about the final weeks of her re-election campaign, despite the main opposition party gaining strength in polls.

  • Berlusconi 'remarkably responsible': Mario Monti Friday, 6 Sep 2013 | 2:34 AM ET

    Despite rumors that Italy's Silvio Berlusconi could "bring down" the government if he loses his seat in parliament next week, the country's former prime minister defended the politician.

  • G-20 sets sights on corporate tax evaders Thursday, 5 Sep 2013 | 2:50 PM ET
    ournalists walk past a screen in the media center showing Russian President Vladimir Putin (right) and Japanese Prime Minister Shinzo Abe during the G20 summit on September 5, 2013 in Saint Petersburg.

    Russia's finance minister says that G-20 leaders have agreed on a plan to take on multinational companies who tuck away their profits in offshore jurisdictions.

  • Decision on third Greek bailout set for November Thursday, 5 Sep 2013 | 10:50 AM ET
    Protestors stand with a Greek flag outside the Greek parliament during an anti-austerity protest.

    The euro zone is likely to decide on a third bailout for Greece in November, officials said on Thursday.

  • Italian plant’s abrupt shutdown stirs up debate Thursday, 5 Sep 2013 | 10:12 AM ET

    Like it or not, Italy's labor force recognizes that the long manufacturing slump may make factory closings inevitable. But this, they say, is no way to do it.

  • ECB's Draghi rules out debt relief for Greece Thursday, 5 Sep 2013 | 9:44 AM ET

    European Central Bank President Mario Draghi on Thursday said the bank would not participate in any additional debt relief for Greece, arguing that such a move would be tantamount to financing Greece directly.

  • UK downplays talk of regulating Bitcoin Thursday, 5 Sep 2013 | 8:35 AM ET
    A twenty-five bitcoin piece.

    Reports the U.K. is "actively considering" regulating the virtual currency Bitcoin are exaggerated, the country's financial watchdog has said.

  • 100 cars crash in mass UK pile-up Thursday, 5 Sep 2013 | 7:09 AM ET
    100 cars crash on Sheppey bridge in the U.K.

    One hundred vehicles collided in heavy fog in the south of England on Thursday, in a huge pile-up which has injured hundreds of people.

  • Carney 'misses a trick' as BoE holds rates Thursday, 5 Sep 2013 | 6:48 AM ET
    Mark Carney, governor of the Bank of England, at the bank's quarterly inflation report news conference

    The Bank of England surprised some by not issuing an in-depth statement on Thursday, as governor Mark Carney skipped town to join other policymakers at the G-20.

  • Toymaker Lego looks to build on success in China Thursday, 5 Sep 2013 | 5:40 AM ET

    Danish toymaker Lego is looking to build on its popularity – and massive sales growth - by expanding production in China, the chief financial officer of the toy brickmaker told CNBC on Thursday.

  • Third bailout for Greece realistic: Eurogroup head Thursday, 5 Sep 2013 | 4:02 AM ET

    Greece's financial troubles will not end in 2014 and it is therefore realistic to expect the debt-laden country will need additional money from the euro zone before it can return to markets, the head of euro zone finance ministers said.

  • Youth unemployment 'time bomb' ticking in Europe: ILO Thursday, 5 Sep 2013 | 2:38 AM ET

    Europe faces a "demographic time bomb" as its population ages and a record amount of young people remain out of work, the director general of the International Labor Organization (ILO) warned on Thursday.

  • Contactless credit card key to growth: Barclaycard Thursday, 5 Sep 2013 | 2:17 AM ET

    The contactless credit card will be one of the most important factors in growing the credit card market, according to the chief executive of Barclaycard.

  • European stocks looking good; US? Not so much Wednesday, 4 Sep 2013 | 4:41 PM ET

    Citi strategists have upgraded Europe's equity markets to neutral and the U.K. to overweight, but are underweighting U.S. stocks.

  • Don't be afraid, recovery takes time: Soc Gen CEO Wednesday, 4 Sep 2013 | 11:48 AM ET
    Frederic Oudea, chief executive officer of Societe Generale

    Frederic Oudea, the CEO of Societe Generale, told CNBC that people were "too afraid" about the economic situation in France and Europe, and reassured them that stabilization was taking place over time.

  • Rogue detectives’ client list to be published Wednesday, 4 Sep 2013 | 10:24 AM ET

    The U.K.'s Serious Organised Crime Agency (Soca) has been ordered to make public a list of over 100 companies and individuals who hired corrupt private detectives. A government committee warned Soca that if it did publish the list by Monday, it would be forced to do so instead.

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