Antonis Samaras urges lawmakers to elect a new president and offers the prospect of general elections after talks with international creditors.» Read More
European companies are under mounting pressure to come clean about overpriced acquisitions after regulators found that losses taken on past deals were suspiciously low. The FT reports.
The idea of converting offices into residential property as a way of encouraging house-building is not a new one; David Cameron first flighted the policy two years ago, the FT reports.
Martin Schulz, president of the European Parliament, tells CNBC that the relationship between France and Germany is now more important than even the last decade.
World unemployment could top record levels this year and continue rising until 2017, the International Labour Organization (ILO) said on Tuesday in its annual employment report.
Fragile economies and extreme weather have combined to crank up the global risk dial in the past year, creating an increasingly dangerous mix, according to the World Economic Forum.
This may be the year that Europe stops being the ticking time bomb of the global economy. Ireland is on track to leave international bailout limbo by summer. Talk of Greece's departure from the euro is off the table. And financial speculators have generally stopped betting the euro zone will blow up. The New York Times reports.
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 risks destabilizing “global society”, Klaus Schwab, the German economist who founded and chairs the World Economic Forum, told CNBC on Tuesday.
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.
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 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.
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.
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.
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.
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.
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.
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.
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The FBI have stated that North Korea's government is responsible for the Sony attack. Neil Ashdown, deputy head of Asia analysis at IHS, weighs in, saying that it's difficult to "definitively attribute" a hacking attack to a particular group or state.
What were the main highlights of the EU Summit in Brussels? CNBC's Hadley Gamble gives you the lowdown.
Carnival Cruises earnings have beaten expectations in its fourth quarter, with lower fuel prices being a great help, says David Dingle, UK chairman of Carnival Cruises.