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Europe News


  • Greek State TV, Radio Broadcasts Go Off the Air Tuesday, 11 Jun 2013 | 7:37 PM ET
    Thousands of demonstrators gather outside the Greek public television and radio broadcaster ERT headquarters in Athens northern suburb, after Greece's government announced on June 11, 2013 the immediate closure of ERT in a move that reportedly affects about 2,700 jobs

    Greek state TV and radio went off air Tuesday, after the government said it would temporarily close state-run broadcasts and lay off 2,500 workers.

  • GlaxoSmithKline Fires R&D Boss in Data Scandal Tuesday, 11 Jun 2013 | 6:35 PM ET
    A worker in vaccine production at drugmaker GlaxoSmithKline in Saint-Amand-les-Eaux, France.

    GlaxoSmithKline fired the head of its R&D operations in China after a tipster spurred an inquiry that found "misrepresented" data were used in a multiple sclerosis study.

  • Turkish Turmoil: Scenes From the Protests Tuesday, 11 Jun 2013 | 6:10 PM ET
    Protesters respond as riot police use tear gas to disperse the crowd during a demonstration near Taksim Square on June 11, 2013 in Istanbul, Turkey. Istanbul has seen protests rage on for days, with two protesters and one police officer killed

    A series of protests in Turkey against the government of Prime Minister Tayyip Erdogan has rocked that country, rattling investor confidence. Click here to see more.

  • Airbus Sets First Flight of New A350 Tuesday, 11 Jun 2013 | 5:16 PM ET

    With next week's Paris Air Show just around the corner, Airbus announced on Tuesday that the first flight of its new A350 XWB (extra wide body) jet will take place on Friday.

  • Floods Could Cost Germany Billions in Damage Tuesday, 11 Jun 2013 | 2:29 PM ET
    Firemen evacuate residents from a district flooded by the Saale river in Meissen, Germany. Flooding in some areas of eastern and southern Germany is the worst in 400 years. At least four people are dead and tens of thousands have been forced from their homes.

    Floods that have devastated parts of Germany could briefly impede growth in Europe's biggest economy and result in an economic loss of 12 billion euros.

  • Apollo Snaps Up $155 Million of Premier Foods Debt Tuesday, 11 Jun 2013 | 1:32 PM ET
    ars of Branston Pickle, produced by Premier Foods Plc, are displayed for sale at a supermarket in London, U.K.

    Apollo Global Management has snapped up £100 million ($155 million) of debt in Premier Foods, Britain's biggest branded goods company.

  • In Spain's Crisis, Hide the Oranges Tuesday, 11 Jun 2013 | 1:19 PM ET
    A farmer in Valencia, Spain shows off his crop of oranges. The area is famous for producing high quality fruit.

    Spain's crisis has created orange grove gangs who rob agricultural commodities worth thousands.

  • Clashes as Turkish Riot Police Enter Taksim Square Tuesday, 11 Jun 2013 | 12:11 PM ET

    Turkish riot police fired water cannons and teargas at hundreds of anti-government protesters in Istanbul's Taksim Square on Tuesday, but the country's prime minister remained defiant.

  • EU Unveils Plan to Halt European Steel Sector Decline Tuesday, 11 Jun 2013 | 11:06 AM ET

    The European Commission unveiled an array of measures and recommendations on Tuesday to revive Europe's steel industry, hurt by tumbling demand and plant closures.

  • Asleep on the Job: Banker’s Costly Nap Tuesday, 11 Jun 2013 | 7:49 AM ET

    A German bank employee accidentally transferred millions from a customer’s account when he fell asleep at his computer.

  • French Homeless Squat in Offices Tuesday, 11 Jun 2013 | 5:49 AM ET
    Migrants look at their windows in a former retirement house while gendarmes prepare to evacuate them

    The squat at Number 2 rue de Valenciennes is both a political battleground and a symbol of France's dysfunctional housing market.

  • Is Russia Too Corrupt for International Business? Tuesday, 11 Jun 2013 | 5:30 AM ET

    Despite efforts by the Russian government to tackle corruption, concerns are mounting that a failure to stamp out the practice will continue to damage the country's international reputation and, ultimately, its economy.

  • 'Battle Lines Drawn' in German Court Over ECB Tuesday, 11 Jun 2013 | 2:14 AM ET
    The Judges of Germany's Constitutional Court

    Germany's constitutional court began its hearing over the legality of the European Central Bank's bond buying program and the head of the court said the success of the program wouldn't be relevant.

  • Monopoly Water Utility Fails to Pay a Drop of Tax Tuesday, 11 Jun 2013 | 1:44 AM ET
    tap water_200.jpg

    Thames Water has been slammed by public sector unions and politicians after the UK's biggest water company by revenue announced that it paid no corporation tax last year, the FT reports.

  • UK House Prices Rise at Fastest Pace in 3 Years Tuesday, 11 Jun 2013 | 1:06 AM ET

    British house prices rose at their fastest pace in nearly three years in May, a survey showed on Tuesday, as policies aimed at kick-starting the market attracted new buyers.

  • A Wily Banker Rises to the Top in Greece Tuesday, 11 Jun 2013 | 12:52 AM ET

    Michalis Sallas has thrived in Greece’s freewheeling business culture as head of Piraeus Bank, but financial oversight is increasing and may complicate his dealings.

  • Mario Draghi Goes on a German Charm Offensive Monday, 10 Jun 2013 | 7:53 PM ET
    Mario Draghi

    The ECB will not resort to "higher inflation rates" to resolve the euro zone debt crisis, the central bank president told a German broadcaster Monday.

  • France Expands Inquiry of Tax Evasion at UBS Monday, 10 Jun 2013 | 2:35 PM ET
    French investigators have placed Swiss bank UBS under formal investigation on suspicion that it tried to persuade rich French clients to open undeclared accounts in Switzerland, a legal source said.

    UBS, the biggest Swiss bank, is the target of a widening tax evasion investigation in France, a spokeswoman for the Paris prosecutor's office said.

  • Sub-Saharan Africa Has 'Real Potential' Monday, 10 Jun 2013 | 12:52 PM ET
    Traffic on a busy road in Lagos, Nigeria

    Sub-Saharan Africa has typically been classified as a natural-resource play for foreign investors, but its real potential rests with the region's middle class, top executives told CNBC.

  • Spanish and Italians CEOs Best Paid in Euro Zone Monday, 10 Jun 2013 | 12:19 PM ET

    Despite posting record unemployment figures in the first quarter of this year, Spain and Italy’s CEOs are the best paid in the euro zone.

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