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Europe News


  • No Move Expected from European Central Bank Wednesday, 3 Jul 2013 | 11:17 AM ET

    The European Central Bank, eyeing tentative signs of euro zone economic recovery, is expected to eschew an major decisions on Thursday and keep its easy-money policy in place.

  • Latvia Set to Be Euro Zone’s Newest Member Wednesday, 3 Jul 2013 | 10:26 AM ET

    Latvia is set to join the euro, after the European Parliament voted in favor of its inclusion in the single currency zone.

  • Why Do UK Thieves Steal Electricity? To Grow Pot! Wednesday, 3 Jul 2013 | 9:12 AM ET
    Ofgem hopes new regulations will crack down on drug farms

    The U.K.'s energy regulator proposed new rules to combat electricity theft, revealing that up to one-third of electricity stolen each year is used to power cannabis farms.

  • Pedaling for Cash: Tour de France No Easy Ride Wednesday, 3 Jul 2013 | 9:04 AM ET
    Team Orica GreenEDGE at the 2013 Tour de France.

    With the Tour de France underway, the 198 riders competing in this year’s bike race will have their sights firmly focused on the finish line in Paris. But getting there requires more than extraordinary endurance; it requires cash.

  • RBS Orders Investigation Into Untapped $30 Billion Wednesday, 3 Jul 2013 | 7:46 AM ET

    The Royal Bank of Scotland (RBS), has launched a major inquiry into the way it lends money to small- and medium-sized businesses.

  • German Property IPO Pulled in Blow to Guy Hands Wednesday, 3 Jul 2013 | 7:08 AM ET
    Guy Hands

    Private equity veteran Guy Hands has been forced to pull his 900 million euro ($1.2 billion) IPO for Deutsche Annington after volatile markets derailed investor demand.

  • EU's Youth Unemployment Crisis in the Spotlight Wednesday, 3 Jul 2013 | 7:02 AM ET
    A queue outside a job center in Madrid.

    European leaders gathered in Berlin to discuss the region's youth unemployment crisis, but politicians and business leaders were divided on where the responsibility for tackling the problem ultimately lay.

  • Greece Sees Deal With Lenders: Official Wednesday, 3 Jul 2013 | 4:56 AM ET

    Greece expects to reach agreement with its foreign lenders by Monday's Eurogroup meeting on all issues except public sector reforms.

  • 3-D Gun Printing: Here's the Software That Stops It Wednesday, 3 Jul 2013 | 2:35 AM ET

    New software has been developed that aims to restrict the manufacture of 3-D-created firearms.

  • Cut! S&P Downgrades Ratings on Three Banks Wednesday, 3 Jul 2013 | 2:01 AM ET

    Standard & Poor's announced Tuesday it is cutting the credit ratings of three major European banks: Credit Suisse, Barclays and Deutsche Bank.

  • Deutsche Bank Refuses to Scale Back Global Ambition Wednesday, 3 Jul 2013 | 1:39 AM ET
    Deutsche Bank, Frankfurt

    The universal banking model is under attack by regulators. Some new rules could potentially force Deutsche Bank to separate its investment banking activities from the business of taking consumer deposits and writing loans, the NYT reports.

  • Former Coca Cola Chief Bets on Ireland's Recovery Wednesday, 3 Jul 2013 | 1:30 AM ET
    Dublin, Ireland

    The former head of Coca-Cola is the latest high-profile investor to bet on Ireland's recovery, spending 10 million euros on a retail development in Dublin, the Financial Times reports.

  • Egypt, Portugal Put Market Risks Back on Table Tuesday, 2 Jul 2013 | 11:50 PM ET

    Turmoil in Egypt and a political crisis in Portugal are giving investors new reasons to avoid risky assets.

  • UK Economy Picked Up Steam in the Second Quarter Tuesday, 2 Jul 2013 | 7:01 PM ET
    A view over the financial district and St Paul's Cathedral towards the west of the city at sunrise in London.

    After growing 0.3 percent in the first quarter, the U.K. economic recovery gained further strength in the second quarter, according to a survey of businesses released on Tuesday.

  • Here's Why Germans Support the Euro Tuesday, 2 Jul 2013 | 6:30 PM ET

    If you want to see why Germans continue to support Chancellor Angela Merkel and the euro, you should visit Baden-Württemberg state, CNBC's Bob Pisani reports from Germany.

  • Saudi Prince: It's Time to Diversify From Oil Tuesday, 2 Jul 2013 | 5:49 PM ET

    With tensions rising in Egypt, Saudi Prince Alwaleed Bin Talal told CNBC on Tuesday that Mideast countries must find a way to foster peaceful evolution instead of violent revolution.

  • Portugal Crisis Erupts on Foreign Minister Exit Tuesday, 2 Jul 2013 | 3:37 PM ET
    Portuguese Foreign Minister Paulo Portas

    Portugal is facing a full-blown crisis after Paulo Portas, the foreign minister, became the second minister to resign from the center-right government in a 24-hour period.

  • US Spying a 'Slap in the Face': EU Lawmaker Tuesday, 2 Jul 2013 | 12:32 PM ET
    National Security Agency building in Fort Meade, Md.

    European Union officials feel the U.S. had dealt Europe a "slap in the face", a member of the European Parliament said on Tuesday, following claims the U.S. bugged EU offices and hacked into its computer network.

  • Scandal Alert: French Politics Seems Awash in Sleaze Tuesday, 2 Jul 2013 | 9:15 AM ET

    President Francois Hollande may pay dearly for the spectacle of public figures grilled over scandals that highlight wealth swilling about the corridors of power while France at large suffers tax hikes and unemployment.

  • Greek Minister Hints at Further Debt Relief Tuesday, 2 Jul 2013 | 8:32 AM ET

    A Greek minister said he expected officials to "show solidarity" over the country's debt burden, as Greece attempts to convince lenders that it is on track to receive its next tranche of aid.

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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.