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  • IMF Cuts World Growth Forecast on Euro Crisis Wednesday, 23 Jan 2013 | 9:20 AM ET

    Global growth for 2013 will now be lower than previous estimates, according to the International Monetary Fund, as the sovereign debt crisis in Europe continues to pose a large downside risk to the economy.

  • Europe Not Out of the Woods: Axel Weber Wednesday, 23 Jan 2013 | 9:20 AM ET
    Axel Weber

    The euro zone economy is not out of the woods yet, UBS Chairman Axel Weber told CNBC at the World Economic Forum in Davos on Wednesday, pointing to the Italian elections and Spain's ability to tap financial markets for funding as significant risks.

  • Monte Paschi Shares Plunge on Derivative Loss Fears Wednesday, 23 Jan 2013 | 8:05 AM ET

    Shares in Banca Monte dei Paschi di Siena, Italy's third-biggest lender, fell more than 5 percent for the second day in a row on Wednesday on worries of mounting losses on some financial derivative positions which it took in 2008 and 2009.

  • CEOs: Europe Recovery on Track Wednesday, 23 Jan 2013 | 7:39 AM ET

    The European economy will continue to stabilize albeit slowly this year as the euro zone crisis looks to be contained, a number of CEOs told CNBC at the World Economic Forum in Davos, Switzerland.

  • Europe the 'Largest Emerging Market' in the World Wednesday, 23 Jan 2013 | 7:17 AM ET
    David Rubenstein, chief executive of global private equity firm The Carlyle Group.

    With billions of dollars' worth of distressed assets in its banks waiting to be snapped up by more intrepid investors, Europe is one of the "largest emerging markets" in the world, according to the chief executive of global private equity firm The Carlyle Group.

  • Spain Recession Deepened in Final Quarter Wednesday, 23 Jan 2013 | 6:29 AM ET

    Spain's economy shrank in the final months of 2012 at the fastest pace since its recession began, data showed on Wednesday, pummeled by falling domestic demand and with no return to growth on the horizon.

  • Global Markets: European Shares Mixed     Wednesday, 23 Jan 2013 | 6:12 AM ET

    CNBC's Kelly Evans reports on remarks made by British Prime Minister David Cameron that "there is a gap between the EU and its citizens that has grown dramatically in recent years."

  • JPMorgan CEO Hits Back at Policymakers in Davos Wednesday, 23 Jan 2013 | 5:52 AM ET
    Jamie Dimon listens during a panel discussion on the opening day of the World Economic Forum (WEF) in Davos, Switzerland.

    JPMorgan Chase CEO Jamie Dimon has hit back at policymakers and new regulations, telling CNBC in Davos that some of the rules had made things more complicated and that many of the problems had still not been fixed.

  • Europe: the Largest Emerging Market in the World?     Wednesday, 23 Jan 2013 | 5:10 AM ET

    David M Rubenstein, co-founder and CEO of Carlyle Group, tells CNBC that Europe is looking attractive again for private equity deals as the prices have been beaten down so much it is like the 'largest emerging market in the world'.

  • Lack of Co-Operation Risks Currency War: Expert     Wednesday, 23 Jan 2013 | 4:30 AM ET

    John Lipsky, distinguished visiting scholar at the Paul H. Nitze School of Advanced International Studies, tells CNBC why an 'everyone for themselves' mentality and inconsistency of policies is creating the risk of a currency war.

  • Mervyn King: Time to Review Inflation Target Wednesday, 23 Jan 2013 | 4:26 AM ET

    The Bank of England's inflation-targeting remit needs to be fine-tuned but should not undergo fundamental change, central bank governor Mervyn King said in a wide-ranging speech on Tuesday.

  • Stephen King, group chief economist at HSBC, tells CNBC that UK trade links with Europe have grown enormously over the last twenty five years in contrast to countries in the emerging world.

  • Cameron Promises Vote on EU After Election Wednesday, 23 Jan 2013 | 3:42 AM ET
    David Cameron

    Prime Minister David Cameron promised on Wednesday to give Britons a straight referendum choice on whether to stay in the European Union or leave within the next parliament if he is re-elected at the next election in 2015.

  • World CEOs Give Their Outlook On Europe     Wednesday, 23 Jan 2013 | 2:36 AM ET

    CNBC's Geoff Cutmore has been gathering opinions from CEOs at Davos, who expect 2013 to be another tough year with Europe being singled out as a problem.

  • The Euro Crisis Will Soon Be Back: Professor     Wednesday, 23 Jan 2013 | 2:35 AM ET

    Barry Eichengreen, professor of economics and political science at the University of California, Berkeley, tells CNBC that the euro crisis is in remission but the underlying condition has not been cured.

  • We Are 'Slowly' Returning to Better Times: CEO     Wednesday, 23 Jan 2013 | 2:30 AM ET

    Nils Smedegaard Andersen, group CEO at A.P. Moller - Maersk, tells CNBC that they see a gradual stabilization in Europe with the poltical tendencies going in the right direction.

  • Barclays Plans to Cut 2,000 Investment Banking Jobs Wednesday, 23 Jan 2013 | 2:10 AM ET

    Barclays has launched a consultation with staff in its investment bank whose jobs are at risk following a strategic review by new Chief Executive Antony Jenkins, the bank said on Tuesday.

  • Pru CEO: I Feel More Positive Than a Year Ago     Wednesday, 23 Jan 2013 | 1:55 AM ET

    Tidjane Thiam, CEO of Prudential, tells CNBC that the growth in emerging markets continues to come primarily from China as the country has changed to a more consumption driven model.

  • ECB's Draghi: Darkest Clouds Over Euro Have Passed Wednesday, 23 Jan 2013 | 1:39 AM ET

    The euro zone can begin 2013 with more confidence than last year but it is up to governments to carry the bloc forward with reforms while the European Central Bank delivers stable prices, ECB President Mario Draghi said on Tuesday.

  • SAP CEO: Software Industry Being Split in Two Wednesday, 23 Jan 2013 | 1:07 AM ET
    Jim Hagemann Snabe, co-chief executive officer of SAP AG

    German business software maker SAP issued guidance for 2013 operating profit that beat market expectations, and the company's co-Chief Executive Jim Hagemann Snabe told CNBC the software industry is being split into two.

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Europe Video

  • Andy Newland, managing director at Tony Fresko, explains how the use of new technology is helping move this ice cream truck company from a "paper-based business" to a "21st century" business.

  • Jonny Forsyth, global drinks analyst at Mintel, comments on Heineken and Carlsberg's earnings, and says Carlsberg is now suffering from its heavy exposure to Russia.

  • DeAnne Julius, chairman at Chatham House and Karen Ward, senior global economist at HSBC, discuss the dissent within the Bank of England regarding the timing of an interest rate hike.