Europe News


  • Don't Expect Wage Growth Soon: Labor Organization Friday, 7 Dec 2012 | 6:06 AM ET

    Wage growth remains far below pre-crisis levels and has fallen into the red in developed countries, according to the International Labor Organization (ILO).

  • France Finance Minister, Pierre Moscovici

    France's finance minister said on Friday he was not campaigning to replace Jean-Claude Juncker as the new chairman of euro zone finance ministers.

  • Businessman struggles to climb mountain summit.

    The head of one of France's biggest companies has warned that France's problems dwarf those of the U.S.

  • Starbucks $450 gift card is made of stainless steel and will only be available in limited quantities through a luxury goods website. Is the Starbucks $450 steel gift card a sign that Starbucks is going "1 percent" on us? Or is it just harmless, splurgy fun?

  • Things Are Getting Weird in Egypt Friday, 7 Dec 2012 | 1:58 AM ET
    Egyptian President Mohamed Morsi

    An odd alliance between pro-democracy activists and Mubarak loyalists is raising eyebrows. Who is playing who?

  • After Big Gains, German Stocks Could Soar in 2013 Friday, 7 Dec 2012 | 1:29 AM ET

    Germany's Dax index, which has risen 28 percent this year to its highest value since January 2008, is positioned to benefit from improvements in the global economy, given its companies' exposure to export markets. The FT reports.

  • Did Mario Draghi Just Kill the Rally in the Euro? Friday, 7 Dec 2012 | 12:32 AM ET

    Following the sharp selloff in the euro, foreign exchange strategists tell CNBC they expect the single currency to bounce back quickly.

  • Shares in This Luxury Retailer Are at All-Time Highs Thursday, 6 Dec 2012 | 8:54 PM ET

    Shares of Italian fashion house Prada surged as much as 7.9 percent to an all-time high on Friday after the Milan-based company posted forecast-beating quarterly results.

  • ECB Depicts Bleak 2013 After Leaving Rates on Hold Thursday, 6 Dec 2012 | 9:28 AM ET
    Mario Draghi, President of the European Central Bank

    The bank slashed its forecasts for the euro zone economy on Thursday, showing a contraction next year was very likely before a return to growth in 2014.

  • Bank of England Leaves Rates, QE Unchanged Thursday, 6 Dec 2012 | 7:01 AM ET

    The Bank of England left monetary policy unchanged on Thursday as expected, voting as it did last month not to buy more government bonds and pump money into Britain's stagnant economy.

  • Triple-Dip Recession, AAA Loss Loom for UK Thursday, 6 Dec 2012 | 6:26 AM ET

    The U.K. government should be doing more to promote growth if the country is going to revive its struggling economy, shadow finance minister Ed Balls told CNBC on Thursday, as new data emerged showing that the U.K. is likely to enter into a triple-dip recession.

  • US Union Accuses Maersk of Spying on It Thursday, 6 Dec 2012 | 5:13 AM ET
    A worker drives a Kalmar reachstacker truck loaded with an AP Moeller-Maersk A/S shipping container.

    A U.S. port workers union has accused APM Terminals, a port operator of A.P. Moller-Maersk, of spying on union representatives in Los Angeles by tapping their phones.

  • ECB Set to Cut Economic Forecasts, but Not Rates Thursday, 6 Dec 2012 | 2:23 AM ET
    Part of the giant euro sign outside the Eurotower, home of the European Central Bank, in Willy-Brand-Platz, Innenstadt district.

    The European Central Bank is likely to keep interest rates on hold on Thursday but may offer clues on its policy path for next year with updated forecasts likely to present a grim outlook for the euro zone economy in 2013.

  • BDI's Kerber: German Growth Will Stay at 1%     Thursday, 6 Dec 2012 | 1:45 AM ET

    Dr. Markus Kerber, chief executive at the German Federation of Industry talks to CNBC about what Europe needs to create growth, the German election campaign and how the German economy will look in 2013.

  • Shareholders Clinch Pact to Overhaul EADS Ownership Thursday, 6 Dec 2012 | 1:22 AM ET

    The accord to wind down a Franco-German power-sharing pact came weeks after talks broke down to merge the group with UK arms firm BAE Systems, taking advantage of the groundwork for the failed $45 billion deal.

  • Paul Krake, Founder of View from the Peak: Macro Strategies, says investors shouldn't expect much from the ECB or BOE meetings later today as both central banks look set to sit on their hands.

  • Euro Falls on Resurfacing Spain Worries Wednesday, 5 Dec 2012 | 6:02 PM ET

    The euro fell from a seven-week high Wednesday after a disappointing Spanish bond auction and weak euro zone economic data.

  • Greece Downgraded to 'Selective Default' by S&P Wednesday, 5 Dec 2012 | 5:50 PM ET

    Standard & Poor's cut Greece's sovereign long-term foreign currency credit rating to "selective default" from an already low "CCC" rating.

  • Osborne Tries to Sweeten Pill for Austerity Britain Wednesday, 5 Dec 2012 | 8:04 AM ET

    The British economy has performed less strongly than expected and a crisis in the euro zone will constrain growth for several years, finance minister George Osborne said in a budget update to parliament on Wednesday.

  • Global Markets: European Shares Move Upward     Wednesday, 5 Dec 2012 | 6:15 AM ET

    CNBC's Ross Westgate reports on all the market moving events from Europe, as shares traded higher ahead of key budget statements from the United Kingdom and Ireland.

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