German business morale rose far more than expected in May, suggesting Europe's largest economy is picking up steam after posting anaemic growth in the first quarter.
European shares closed higher on Wednesday, mirroring gains in the U.S. after Federal Reserve Chairman Ben Bernanke reiterated his commitment to maintaining loose monetary policy.
News that the Swedish capital of Stockholm has been hit by three nights of rioting similar to the public disorder seen in Paris and London in recent years has come as a surprise.
CNBC's Ross Westgate reports on all the market moving events from Europe, as investors look for signs from the Fed's Bernanke on whether the current stimulus program will be tapered.
Sterling tumbled following minutes released by the Bank of England and disappointing retail sales, as the IMF warned the U.K. is at risk of "permanent damage" if its growth remains persistently slow.
David Cameron, British prime minister, tells CNBC ahead of the EU Summit on tax fraud that he 'believes in low taxes for businesses' and highlights that international cooperation is crucial to tackle tax evasion.
Martin Schulz, president of the European parliament, rejects the idea that implementing tougher bonus limits will reduce European banks' competitiveness.
Alastair Newton, senior political analyst at Nomura, talks about the likelihood of a referendum on EU membership and says a "Brixit" could still happen in the coming five years.
As EU regulators mull introducing the world's strictest bonus cap, the president of the European parliament told CNBC that the plan could put pressure on the U.S. to follow suit.
Martin Schulz, president of the European parliament, has warned that revelations of tax evasion by major companies were leading to a loss of trust among the European public.
Martin Schulz, president of the European parliament, told CNBC that growing concerns over tax evasion was leading to a loss of trust among the European public.
Simon Waxley, senior portfolio management at Whitebox Advisors, tells CNBC that Europe is in a dislocation at the moment and they are trying to exploit moves around this.
Blu Putnam, chief economist at CME Group, tells CNBC that there is a time delay from Fed QE with the good effects now and then all kinds of trouble on the exit strategy from 2016.
Shale gas development in the U.K. could create 74,000 jobs and halve the country's future dependency on gas imports, according to a new report by the Institute of Directors.
Europe could face a decade of stagnation unless it makes big reforms and should heed the lessons of Japan, Bank of Canada Governor Mark Carney said on Tuesday as he highlighted Japan's bold moves to bolster growth.
Austerity opera "El crepusculo del ladrillo," premiered on Sunday in la Tabacalera, a rundown tobacco factory in downtown Madrid, to rapturous applause.
EU regulators confirmed on Tuesday that they will cap bonuses of bankers earning more than 500,000 euros a year and added other conditions to make the pay ceiling harder to smash.
Teen use of Twitter has grown significantly, a new report into social media networks shows, while Facebook is losing market share to its quick-messaging rival.
Harry Tchilinguirian, head of commodities market strategy at BNP Paribas, tells CNBC that continued QE by the US Fed, a pickup in the Chinese economy and a continued squeeze on Iranian production will drive oil up.
Carlos Caicedo, head of Latin America at Exclusive Analysis, tells CNBC that Brazil has already had one trillion of investment in preparation for the World Cup and Olympics.