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Europe News


  • Mario Draghi’s greatest hits Thursday, 25 Jul 2013 | 7:00 PM ET
    Mario Draghi

    To mark the “one-year” anniversary of ECB President Mario Draghi's promise to do "whatever it takes" to preserve the euro, CNBC takes a look at Draghi’s other memorable moments.

  • ECB may have to cut rates to avoid stagnation: IMF Thursday, 25 Jul 2013 | 10:13 AM ET

    The European Central Bank may have to cut interest rates and launch a fresh round of unconventional monetary easing to help boost the euro zone economy, which is still weighed down by spending cuts, the IMF said on Thursday.

  • Spain has a spring in its step as jobs grow Thursday, 25 Jul 2013 | 9:02 AM ET

    Positive unemployment data and bank earnings from Spain bode well for next week's growth data, but analysts warned that more needed to be done to cement economic recovery.

  • Can this man take credit for UK’s GDP boost? Thursday, 25 Jul 2013 | 9:01 AM ET
    British Cancellor of the Exchequer George Osborne

    With U.K. GDP doubling in the second quarter of 2013, how much should UK Chancellor George Osborne be credited with the turnaround?

  • Services sector helps double UK's growth rate Thursday, 25 Jul 2013 | 5:04 AM ET

    A strengthening services sector helped Britain's economy expand by 0.6 percent in the second quarter of the year on the first, according to preliminary estimates.

  • German business sentiment improves in July Thursday, 25 Jul 2013 | 3:45 AM ET
    An Alcoa employee in the production plant in Goose Creek, South Carolina.

    German business morale improved in July, figures from the German Ifo institute released on Thursday showed.

  • Spain's Bankia and rivals see profit recovery Thursday, 25 Jul 2013 | 3:24 AM ET

    A trio of Spanish banks, including bailed out lender Bankia, posted big jumps in first-half profits as trading gains and lower writedowns on property assets helped a partial recovery.

  • A train derailed outside the ancient northwestern Spanish city of Santiago de Compostela on Wednesday evening, killing at least 77 people and injuring up to 131 in one of Europe's worst rail disasters.

  • Roche declines to stamp out Alexion deal rumors Thursday, 25 Jul 2013 | 1:20 AM ET

    Daniel O'Day, the CEO of Roche's pharmaceuticals unit declined to comment on market rumors that the Swiss drug maker is about to bid for Alexion, but told CNBC that the company continues to look for new innovations.

  • China slowdown no worry for Dassault: CEO Thursday, 25 Jul 2013 | 1:15 AM ET
    China slowdown no worry for Dassault: CEO

    Bernard Charles, CEO of Dassault Systemes, reiterates full year guidance on improving margins and new licences growth and explains why a slowdown in China has not effect on the group.

  • Credit Suisse CEO: We can handle higher rates Thursday, 25 Jul 2013 | 12:36 AM ET

    Credit Suisse CEO Brady Dougan on Thursday tried to reassure investors that a transition to higher interest rates will be positive for the group.

  • Prince's first ride has automaker cheering Wednesday, 24 Jul 2013 | 2:35 PM ET
    Prince William, Duke of Cambridge, leaves the Lindo Wing of St. Mary's Hospital in London with his newborn son.

    While Prince William and Kate Middleton have yet to give their newborn son a name, the tiny Prince of Cambridge did get his first taste of luxury on the drive home.

  • Big money if you bet on George Alexander Louis Wednesday, 24 Jul 2013 | 1:21 PM ET
    A woman holds a Ladbrokes board listing possible baby names to bet on as media gather outside Buckingham Palace to read the easel displaying the announcement of the son of The Duke and Duchess of Cambridge on July 23, 2013 in London, England.

    The wait was welcomed by UK bookmakers, who have taken in more than £1.5 million in baby-name bets and reported a frenzy in demand since the birth.

  • Pound, no prejudice—Guess who will grace £10 notes? Wednesday, 24 Jul 2013 | 11:10 AM ET

    Jane Austen, the 19th century author of classics including "Pride and Prejudice" and "Emma" will be the face of the new U.K. £10 banknote, the Bank of England governor announced today.

  • Spanish banks a buy for first time 'in years' Wednesday, 24 Jul 2013 | 9:31 AM ET

    Analysts are starting to see value in Spanish banks for the first time in years, despite anticipating further earnings downgrades and heavy regulatory headwinds later on this year.

  • Unequal US recovery not helping us: Unilever CEO Wednesday, 24 Jul 2013 | 9:23 AM ET

    The U.S. is showing signs of recovery but the uncertain outlook could affect Unilever's business in the country, the group's chief executive told CNBC on Thursday.

  • EasyJet shares soar as rivals falter Wednesday, 24 Jul 2013 | 8:55 AM ET
    Passengers queue up at the EasyJet counter at Berlin's Schoenefeld airport

    A combination of additional flights on routes where rivals have cut back and the introduction of allocated seating helped boost easyJet's earnings forecast and send shares in the low-cost carrier (LCC) soaring.

  • Britain's GDP seen strong—But unsustainable Wednesday, 24 Jul 2013 | 8:15 AM ET

    U.K. economic growth is expected to have doubled in the second quarter of the year from the first according to analysts - but some warned against cracking open the champagne just yet.

  • Euro zone purchasing managers index (PMI) data showed a rebound in July, but analysts warned that the region faced severe headwinds that could impede, and even reverse, the region's return to growth.

  • Spanish police raid Hells Angels in crackdown Wednesday, 24 Jul 2013 | 7:33 AM ET

    Spanish police carried out 31 simultaneous dawn raids on houses and arrested a total of 25 Hells Angels motorcycle club members.

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