Europe News


  • UK Financial Sector Job Losses to Top 132,000 Monday, 21 Jan 2013 | 11:11 AM ET

    U.K. banks and other finance firms will shed another 18,000 jobs in the first quarter of 2013 after cutting 25,000 in the last quarter, according to a report by a business lobby group.

  • Inequality Threatens 'Global Society': WEF Founder Monday, 21 Jan 2013 | 10:29 AM ET

    Inequality risks destabilizing “global society”, Klaus Schwab, the German economist who founded and chairs the World Economic Forum, told CNBC on Tuesday.

  • Can the Euro Zone Push on Without Merkel?     Monday, 21 Jan 2013 | 10:00 AM ET

    Peter Spiegel, Brussels bureau chief at the Financial Times, tells CNBC the euro zone faces paralysis if Angela Merkel is unable to push on with her agenda, due to the German elections.

  • Responsible Capitalism or Snow Polo for the Rich? Monday, 21 Jan 2013 | 9:30 AM ET
    Klaus Schwab, chairman of the World Economic Forum (WEF).

    The World Economic Forum's annual get-togethers in Davos have been widely criticized as a week-long party for the rich and powerful. But for some, the Forum is an important platform for discussing global issues and solutions.

  • Algerian security forces escort a bus carrying freed hostages outside a police station in In Amenas in the desert in Algeria's deep south on January 19, 2013.

    Algerian special forces have found the bodies of two Canadian Islamist fighters after a bloody siege at a desert gas plant, a security source said on Monday, as the death toll reached at least 80 after troops stormed the complex to end the hostage crisis.

  • Head of Merkel's FDP Allies Offers to Quit Monday, 21 Jan 2013 | 5:23 AM ET

    The head of Angela Merkel's Free Democrat (FDP) coalition partners, Economy Minister Philipp Roesler,offered to step down as party chief on Monday despite a stronger-than-expected result for the FDP in a weekend state election, a party source said.

  • Why the Euro Zone Crisis Is Over…Until September Monday, 21 Jan 2013 | 5:17 AM ET

    Europe's economies and markets have nothing to fear from the defeat of Chancellor Angela Merkel's party in German regional elections this weekend as the euro zone crisis will be on hold until Germany's national elections in September, analysts told CNBC on Monday.

  • What Makes Angela Merkel Tick Monday, 21 Jan 2013 | 5:00 AM ET
    Angela Merkel's watch.

    A watch says a lot about the wearer. Merkel's choice of a simple watch shows her aversion to public debt and a fiscal deficit.

  • Alan Capper, head of credit strategy at Lloyds Banking Group tells CNBC that Germany's worsening growth figures may negatively impact those peripheral European countries it imports from later in the year.

  • Why the UK Jobs Number May Be Misleading Monday, 21 Jan 2013 | 3:59 AM ET

    Gloomy economic indicators have plagued the U.K. and put the government's austerity plan at risk. The country's triple-A rating remains on the brink, with ratings agencies Standard and Poor's and Fitch both having negative outlooks on its sovereign debt. But analysts say the real picture for the U.K. economy could be even worse.

  • Merkel & Europe: Can't Do or Won't Do?     Monday, 21 Jan 2013 | 2:30 AM ET

    Professor Paul de Grauwe, holder of the John Paulson Chair at the London School of Economics, tells CNBC that Germany has put too much emphasis on trying to balance the budget when the euro zone is going into a recession.

  • John Wraith, fixed income strategist at BofA Merrill Lynch Global Research, tells CNBC that they are still cautious about investors' move into equities.

  • Luxury goods group Richemont gave a cautious outlook on Monday after slowing wholesale demand for its pricey products pushed sales growth in the last quarter below forecasts.

  • UK Tax Crackdown to Target Middle Class Monday, 21 Jan 2013 | 1:18 AM ET

    Middle-class professionals are to be targeted in a new crackdown on tax evasion promised by the chief prosecutor of England and Wales, the FT reports.

  • Time to Switch Into European Equities? Monday, 21 Jan 2013 | 1:06 AM ET

    2013 is hailed by many equity strategists as the start of the long-anticipated "great rotation", with investors moving into stocks out of bonds, ending the reign of the bond bull market in recent years. But it's European stocks that are being seen as particularly investable.

  • Euro: Best Performing Currency This Year?     Sunday, 20 Jan 2013 | 5:40 PM ET

    Clifford Bennett, Chief Economist, White Crane Reports says the euro is a fantastic buy right now and expects it to rocket higher in 2013. He says the euro zone will be the most fiscally responsible region for the next 10 to 30 years.

  • Time for Relief Over the US?     Sunday, 20 Jan 2013 | 5:10 PM ET

    Paul Bloxham, Chief Economist for Australia and New Zealand at HSBC is upbeat about the U.S. economy. He says the fiscal situation has stabilized and the housing cycle has turned a corner.

  • IMF Says Greece May Need Another 10 Billion Euros Saturday, 19 Jan 2013 | 4:02 AM ET

    The International Monetary Fund on Friday estimated that Greece faced a financing gap of up to 9.5 billion euros for 2015 and 2016 and said it had assurances from Europe the aid would be forthcoming for Athens.

  • American, Frenchman Confirmed Killed in Algeria Friday, 18 Jan 2013 | 4:56 PM ET
    Islamists protest in Algiers on Friday against the decision by President Abdelaziz Bouteflika to allow French fighter jets to use Algerian airspace.

    An American and a Frenchman have been found dead, and the Obama administration said Friday it was trying to secure the release of U.S. hostages still being held by Islamic militants at an Algerian gas plant deep in the Sahara.

  • At 2013's meeting, Maria and her team look forward to the themes, opportunities and surprises that come out of the World Economic Forum. In preparation, Maria discusses what will, and has, comes out of Davos. Would you believe Mick Jagger?

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