Russia said its currency crisis was over despite its forex reserves plunging and inflation surging over 10 percent, in its worst economic crisis since 1998.» Read More
As the conclave to elect a new pope begins Tuesday, the specter of financial scandal presents a challenge for Pope Benedict's XVI's successor. The NYT reports.
One in four Germans would be ready to vote in September's federal election for a party that wants to quit the euro, according to an opinion poll published on Monday that highlights German unease over the costs of the euro zone crisis.
One analyst has told CNBC that 2013 could well be the year robots become a force to be reckoned with.
CNBC's Kelly Evans reports European markets traded lower on Monday as investors reacted to Italy's credit rating downgrade.
Christian Schulz, senior economist at Berenberg Bank, tells CNBC that despite Italy's political uncertainty the signs are positive for the euro zone to be almost past its period of crisis by the end of the year.
European shares were lower in morning trade on Monday as investors reacted to Italy's credit rating downgrade.
Joe Rundle, head of trading at ETX Capital, tells CNBC that a 'blow up' of the Italian yield could prove to be the big risk this week.
Italy could see its borrowing costs rise above those of troubled Spain this week, analysts told CNBC on Monday.
Hans Redeker, global head of foreign exchange strategy at Morgan Stanley, tells CNBC that Germany's frugal position on Europe is dictated entirely but the upcoming elections.
Beppe Grillo's anti-establishment 5-Star Movement said it wanted to lead Italy's next government and reiterated that it would not agree to an alliance with any other party.
A large majority of Italians are in favor of staying in the euro zone and are also against holding a referendum on membership, an opinion poll showed on Sunday.
Milan court doctors ruled on Saturday that Silvio Berlusconi was able to attend a tax fraud appeal, rejecting the former prime minister's complaint that an eye condition prevented him leaving hospital.
Executive excess need not be etched in stone. Just look at the Nordic region, where an egalitarian tradition and a high quality of life leave top managers content with lower paychecks.
Norway's oil fund almost halved its exposure to UK and French government bonds last year while increasing it to debt from the US, Japan and Germany. The FT reports.
CNBC's Simon Hobbs reports European shares were able to extend gains on Friday after the release of positive jobs numbers from the U.S.
Giuseppe Recchi, chairman of Eni SpA, tells CNBC that while sentiment and confidence around the global economy is good, Europe's internal markets are a strain on its recovery.
European shares closed higher on Friday after better than expected non-farm payrolls in the U.S boosted investor sentiment.
Antonio Borges, former Europe director of IMF, tells CNBC that banks hording liquidity is a significant factor in Europe's troubles, one that can only be solved by a rapid move towards banking union.
Japan will have to make "huge" efforts to get its economy moving again, and the process could take years.
The euro zone may need higher inflation in countries like Germany and lower interest rates across the bloc to ensure a sustained economic recovery brings palpable benefits, the head of the IMF said on Friday.
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Dan Morris, global investment strategist at TIAA-CREF, says he is overweight equities outside of the U.S.
Jim Strugger, derivatives strategist at MKM Partners, says 2018 or 2019 could be the end of the current U.S. economic cycle.
Jessica Simmonds, owner of Okishima and Simmonds, shows you how to make your own Christmas wreath.