Europe News


  • Telefonica Denies $93 Billion Offer From AT&T Monday, 17 Jun 2013 | 2:43 AM ET
    Pedestrians pass a Telefonica SA fixed-line public telephone in Madrid, Spain

    Telefonica said it had not received any indication of interest from AT&T, following a Spanish newspaper report that the government had halted a 70 billion-euro ($93 billion) offer.

  • UK Bank Plans Bail-In to Plug $2.4 Billion Hole Monday, 17 Jun 2013 | 12:45 AM ET
    Pound coin

    Britain's Co-operative Bank is close to agreeing a rescue package with the Bank of England that will plug a capital shortfall of up to 1.5 billion pounds ($2.35 billion).

  • Why Euro’s Political Crisis May Be Permanent Sunday, 16 Jun 2013 | 10:51 PM ET

    The euro is a unique example of an asset class with intrinsic investment features, but is it a reliable store of value?

  • In Paris, Airbus and Boeing Battle for Supremacy Sunday, 16 Jun 2013 | 4:08 AM ET

    In the heated battle for leadership in commercial airplanes Boeing and Airbus believe they are positioned to have strong showings at the Paris Air Show.

  • Police Raid on Istanbul Park Sparks Rioting Saturday, 15 Jun 2013 | 6:52 PM ET
    Turkish police firing tear gas battle anti-government protestors after recapturing Gezi Park near Taksim Square, after an absence of 17 days in the heart of Istanbul, Turkey, on June 15, 2013.

    Thousands of people took to the streets of Istanbul overnight on Sunday, after riot police firing teargas and water cannon stormed Gezi park.

  • Moderate Cleric Wins Iranian Presidency Saturday, 15 Jun 2013 | 2:57 PM ET
    Iranian President-elect Hassan Rowhani speaks to the press following a visit to the Khomeini mausoleum, in Tehran on June 16, 2013.

    Moderate Iranian cleric Hassan Rohani beat conservative rivals to win the presidency, it was announced Saturday.

  • Czech Republic Rocked by Spying, Corruption Scandal Saturday, 15 Jun 2013 | 8:30 AM ET
    A policeman stands in front of the Czech Government headquarters. Several people were arrested by the police squad for uncovering organised crime (UOOZ) at the Czech Government offices after a cabinet meeting.

    Czech Prime Minister Petr Necas came under renewed pressure to quit on Saturday over charges that a close aide abused her powers.

  • Deutsche Bank 'Horribly Undercapitalized': Regulator Saturday, 15 Jun 2013 | 4:30 AM ET
    Deutsche Bank AG's headquarters in Frankfurt, Germany.

    A top U.S. banking regulator called Deutsche Bank's capital levels "horrible" and said it is the worst on a list of global banks based on one measurement of leverage ratios.

  • Art Fair 'Fatigue' Fails to Deter Buyers at Basel Friday, 14 Jun 2013 | 1:14 PM ET

    Art Basel, one of the world's most prestigious modern and contemporary art fairs, opened its doors this week. But with back-to-back fairs on art collectors and dealers' agenda, is "fair fatigue" setting in?

  • BoE's Tucker to Quit After Losing Out to Carney Friday, 14 Jun 2013 | 12:01 PM ET

    Bank of England Deputy Governor Paul Tucker will stand down later this year, giving the Canadian an early chance to start reshaping the BoE's upper echelons.

  • BAE Must Adjust its Cost Base: New Chairman Friday, 14 Jun 2013 | 8:26 AM ET
    The British Union Jack flag flies alongside the BAE flag

    U.K. aerospace giant BAE Systems must adjust its cost-base, according to newly appointed chairman, Roger Carr.

  • Turkey Crisis Cools After PM Meets Protesters Friday, 14 Jun 2013 | 6:42 AM ET
    Prime Minister Tayyip Erdogan

    Turkish protesters said on Friday Prime Minister Tayyip Erdogan had pledged hold off on plans to redevelop an Istanbul park until a court ruled on the project.

  • Why Odds Are Stacked Against Strong Euro Friday, 14 Jun 2013 | 5:11 AM ET

    The euro has gained more than 4 percent against the U.S. dollar since mid-May, but forex analysts tell CNBC that the single currency is headed lower.

  • Make-or-Break Summer Friday, 14 Jun 2013 | 3:47 AM ET

    Amid a sea of gloomy economic data and rising tensions, the next few months could prove decisive for whether the euro zone economy sinks or swims.

  • Italy Says No More Fiscal Cuts Despite Debt Pile Friday, 14 Jun 2013 | 3:20 AM ET

    A deeper-than-expected recession is hurting Italy's public finances but it can still keep the budget deficit below 3 percent of output without more fiscal tightening.

  • Anti-G8 Protests Target London’s Banking District Friday, 14 Jun 2013 | 3:01 AM ET

    Activists plan a show of "civil disobedience" in London's Canary Wharf on Friday to protest against capitalism.

  • Germany Seeks to Halt EU-Turkey Talks Friday, 14 Jun 2013 | 12:14 AM ET

    Germany is seeking to delay EU membership talks with Turkey scheduled for this month, in response to PM Erdogan's actions. The Financial Times reports.

  • Is Europe's Love Affair With Obama Over? Friday, 14 Jun 2013 | 12:05 AM ET

    Washington's PRISM spy scandal dents Barack Obama's image ahead of his Europe trip. The GlobalPost reports.

  • US to Increase Military Support to Syria Rebels Thursday, 13 Jun 2013 | 11:20 PM ET

    President Barack Obama has authorized sending weapons to Syrian rebels for the first time, after the White House said it has proof the Syrian government had used chemical weapons.

  • Iran Begins Vote for Ahmadinejad's Successor Thursday, 13 Jun 2013 | 8:48 PM ET

    Iran votes on Friday in a presidential election unlikely to result in seismic shifts in its troubled relations with the West and Gulf Arab neighbors.

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