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Europe News


  • How to get rich, Russian billionaire edition Friday, 19 Jul 2013 | 12:47 AM ET

    Russia's top ten billionaires are all self-made businessmen who made their fortunes in the chaotic business world that followed the collapse of the Soviet Union in 1991.

  • Vivendi spurns $8.5 billion Universal Music bid Thursday, 18 Jul 2013 | 11:17 PM ET
    Jean-Bernard Lévy, Chm & CEO, Vivendi

    SoftBank proposed an $8.5 billion bid for Universal Music about three months ago but was turned down, according to several people familiar with the proposal. The FT reports.

  • Dubai offers dieters gold for shedding pounds Thursday, 18 Jul 2013 | 8:13 PM ET

    Dubai has once again outdone the world in flashy extravagance by tantalizing dieters with a one-time offer: a gram of gold for every kilogram (2.2 pounds) lost over the course of a one-month challenge.

  • Lew to Europe: Focus on growth and jobs Thursday, 18 Jul 2013 | 8:00 PM ET
    U.S. Treasury Secretary Jack Lew

    At a G20 meeting, US Treasury Secretary Jack Lew has told Europe it is time to focus on boosting growth as President Obama has done since the 2008 financial crisis.

  • Ex-Greek minister: Greece needs a 40% debt haircut Thursday, 18 Jul 2013 | 12:17 PM ET

    Petros Doukas, Greece's former deputy finance minister, has said the country needs a "sizable haircut" of 40 percent on its current debts.

  • Nokia misses estimates; sales to China halve Thursday, 18 Jul 2013 | 8:32 AM ET

    Finnish mobile maker Nokia shipped fewer phones than forecast in the second quarter, despite a 32 percent rise in sales of its flagship Lumia smartphone.

  • Spain's Prime Minister Mariano Rajoy

    Dissent is growing within the ranks of Spain's ruling center-right People's Party over a corruption scandal, but there are few signs of any rebellion strong enough to topple Prime Minister Mariano Rajoy.

  • Germany offered Greece further aid to establish a growth fund on Thursday, but a German member of the European Parliament (MEP) told CNBC the amount was too small, and came two years too late.

  • Is a perfect storm brewing in euro zone? Thursday, 18 Jul 2013 | 5:57 AM ET
    Municipality employees shout slogans against the Greek Government in front of the Greek Parliament during a demonstration as Greek lawmakers prepared to vote late Wednesday on a controversial new austerity package involving a huge shake-up of the civil service with thousands of jobs on the line.

    Growing political tensions in a number of euro zone countries could lead to a renewed bout of instability on the continent.

  • One of Putin's biggest critics gets 5 years in jail Thursday, 18 Jul 2013 | 5:19 AM ET

    A Russian judge sentenced protest leader Alexei Navalny to five years in prison on Thursday after convicting him of large-scale theft.

  • Europe earnings pounded by China exposure Thursday, 18 Jul 2013 | 4:50 AM ET

    In the first big day of earnings in Europe there was one word on every CEO's lips: China.

  • Nasdaq chairman warns about 'bubbly valuations' Thursday, 18 Jul 2013 | 4:36 AM ET

    Nasdaq OMX chairman Borje Ekholm warned of "bubbly valuations" in financial markets as a result of ultra-loose monetary policy from the world's largest central banks.

  • Publicis CEO: Digital, US rebound driving revenues Thursday, 18 Jul 2013 | 3:49 AM ET
    Publicis CEO Maurice Levy

    Publicis CEO Maurice Lévy said on Thursday that growth in U.S. ad spending and digital had helped the company's sales accelerate in the second quarter.

  • Greece to fire thousands more public workers Thursday, 18 Jul 2013 | 3:32 AM ET
    Demonstrators protest against the Greek Government, July 17, 2013 in front of the parliament as lawmakers prepared to vote on a controversial new austerity package.

    Greece's shaky coalition government scraped through a vote on Wednesday on a bill to sack public sector workers as thousands chanting anti-austerity slogans protested.

  • Europe banks plan to hike wages to offset bonus cap Wednesday, 17 Jul 2013 | 9:06 PM ET

    European banks plan to raise executive base salaries to counter regulation-driven bonus cuts, undermining the effectiveness of the planned variable pay cap in bringing down pay.

  • Greek PM Samaras caught swearing on camera Wednesday, 17 Jul 2013 | 1:24 PM ET

    It's not every day that you catch a national leader drop the F-bomb. But Greek Prime Minister Antonis Samaras appeared to do just that when recording a TV address on sales taxes.

  • China blocks Glaxo finance head from leaving Wednesday, 17 Jul 2013 | 12:07 PM ET
    GlaxoSmithKline Shanghai headquarters

    China is barring a GlaxoSmithKline executive from leaving the country amid a widening $490 bribery scandal ensaring the drug giant.

  • Has BoE's Carney got the edge over Bernanke? Wednesday, 17 Jul 2013 | 11:30 AM ET

    Wednesday may have been a big day for the U.S. Federal Reserve, but it was the Bank of England that turned heads on the other side of the Atlantic.

  • Italy's central bank sees even steeper decline for economy Wednesday, 17 Jul 2013 | 11:18 AM ET
    An Italian cafe

    Italy is heading for an even more severe economic downturn than previously forecast, and will contract by 1.9 percent this year, the country's central bank said on Wednesday.

  • London’s latest skyscraper space is half-booked Wednesday, 17 Jul 2013 | 10:03 AM ET

    More than half of the office space in London's new "Walkie Talkie" skyscraper has been pre-let, the building's developer said on Wednesday.

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Europe Video

  • The boom in online ads

    Eleni Marouli, senior analyst at IHS, explains what has driven the growth in online advertising and spending.

  • European shares close lower as Greek vote eyed

    European equities closed lower on Friday as investors looked ahead to Sunday, when a referendum that could affect Greece's future in the euro zone will take place.

  • Limited contagion risk from Greece?

    Stephen Macklow-Smith, European equities portfolio manager at J.P. Morgan Asset Management, discusses European stocks after the market's worst week this year.