Europe News


  • 2013 Will Trump 2012: Infosys Chair   Thursday, 24 Jan 2013 | 10:15 AM ET
    2013 Will Trump 2012: Infosys Chair

    Kris Gopalakrishnan co-chairman of Infosys, says macroeconomic prospects are better this year because there is less chance of the euro zone disintegrating, among other reasons.

  • Merkel Says Europe Must Persist With Reforms Thursday, 24 Jan 2013 | 9:40 AM ET
    Angela Merkel

    German Chancellor Angela Merkel urged European nations to continue the economic reforms they have begun and argued that the debt crisis offered an opportunity for the bloc to become more competitive.

  • UK’s Osborne: Wrong to Abandon Austerity Plan Thursday, 24 Jan 2013 | 9:19 AM ET

    Britain's Chancellor of the Exchequer, George Osborne has defended his government's austerity program, a day after the International Monetary Fund said the U.K. government should ease up on austerity.

  • Private Banks Lure New Clients With Old-School Perks Thursday, 24 Jan 2013 | 9:14 AM ET
    The plaque of the private bank Edmond de Rothschild

    What can small private banks do to win back trust in their concierge financial services? In Switzerland, banks are focusing on the country's political stability, strong currency, and selling their niche appeal through lavish dinners and exclusive access.

  • UK's Osborne: Credibility Is Hard Won and Easily Lost

    George Osborne, Britain's finance minister, tells CNBC's Maria Bartiromo why the U.K. must stick to its deficit plan.

  • Moody's Warns European Banks Need More Cash Thursday, 24 Jan 2013 | 8:20 AM ET
    European Central Bank

    Banks in Spain, Italy, Ireland and Britain need to set aside much more money to cover potentially bad loans, credit ratings agency Moody's said on Thursday, meaning European taxpayers may again be tapped for cash.

  • Monte Paschi Faces $1 Billion Loss on 'Surprise' Trades Thursday, 24 Jan 2013 | 8:01 AM ET
    Banca Monte dei Paschi di Siena

    Banca Monte dei Paschi di Siena, Italy's third biggest bank,revealed on Thursday it could face losses of as much as 720 million euros($956 million) on past trades in financial derivatives which new management only recently discovered.

  • French Government Denies Dropping 75% Tax Plan Thursday, 24 Jan 2013 | 7:48 AM ET
    French tax forms.

    The French government has denied reports that it's planning to scrap the controversial 75 percent tax rate on high-earners.

  • Nokia Shares Drop After Dividend Is Suspended Thursday, 24 Jan 2013 | 7:04 AM ET
    The new Nokia 920 smartphone is seen in this undated handout photo made available to the media on Wednesday, Sept. 5, 2012. Nokia Oyj unveiled two smartphones using Microsoft Corp.’s new Windows Phone software, betting on the devices to win back sales lost to the iPhone and Android handset makers.

    Finnish mobile phone maker Nokia said it was to axe its annual dividend payment for the first time in over 20 years, aiming to shore up its finances amid a fall in sales.

  • Cameron Urges Free Trade Boost for EU Thursday, 24 Jan 2013 | 6:08 AM ET
    David Cameron

    U.K. Prime Minister David Cameron made the case for a free trade agreement between the United States and Europe in a speech at the World Economic Forum in Davos on Thursday, arguing in favor of the expansion of free trade as his country increasingly distances itself from the EU.

  • Kingfisher CEO: Market Needs Clearer Policy   Thursday, 24 Jan 2013 | 5:45 AM ET
    Kingfisher CEO: Market Needs Clearer Policy

    Ian Cheshire, CEO at Kingfisher, tells CNBC why a lack of clarity in policy-making all over Europe is the underlying cause of economic uncertainty.

  • Spain 'Disconnect' on Jobless Surge, Bond Rally Thursday, 24 Jan 2013 | 5:30 AM ET
    Government employees demonstrate against the Spanish government's latest austerity measures.

    Spain's unemployment rate rose to 26 percent in the fourth quarter of 2012, data from the National Statistics Institute showed on Thursday, its highest level since the end of the Franco dictatorship in the mid 1970s.

  • Recession-Hit Euro Zone Has Turned a Corner: PMIs Thursday, 24 Jan 2013 | 4:42 AM ET

    The euro zone economy took a step closer to recovery this month as the rate of decline in the bloc's private sector eased more than expected, a business survey showed on Thursday.

  • Posen: No Growth in Europe Any Time Soon   Thursday, 24 Jan 2013 | 4:00 AM ET
    Posen: No Growth in Europe Any Time Soon

    Adam Posen, president of the Peterson Institute for International Economics, tells CNBC that although the ECB stabilized things in Europe, the real economy is not doing any better.

  • DSM CEO: US Economy Well Placed   Thursday, 24 Jan 2013 | 3:45 AM ET
    DSM CEO: US Economy Well Placed

    Feike Sijbesma, CEO & chairman at DSM, gives CNBC an overview of the growth trend in the world's major economies.

  • Barclays CEO: We Were Too Aggressive, Self-Serving Thursday, 24 Jan 2013 | 3:36 AM ET

    Barclays CEO Antony Jenkins told CNBC in Davos that the bank was too aggressive and too self-serving in recent years, as it seeks to put the manipulation of Libor and other scandals behind it.

  • Ireland's PM: Bailout Conditions 'Unfair'   Thursday, 24 Jan 2013 | 3:05 AM ET
    Ireland's PM: Bailout Conditions 'Unfair'

    Enda Kenny, Ireland's Prime Minister, tells CNBC that Ireland did not get the same deal as Greece when it applied for a bailout and the mechanisms that are now available should be applied to Ireland.

  • Ireland's PM Opens European Markets   Thursday, 24 Jan 2013 | 3:00 AM ET
    Ireland's PM Opens European Markets

    Karen Cho takes you through the European market open where stocks have opened down.

  • 2013 to Be a Reasonably Good Year: Renault-Nissan CEO Thursday, 24 Jan 2013 | 2:41 AM ET
    Carlos Ghosn, Renault-Nissan CEO

    Renault-Nissan CEO Carlos Ghosn has told CNBC that 2013 will be a reasonably good year for the automaker and that excluding the slowdown in Europe it will be a "good year".

  • Airbus CEO: Boeing's 787 Issues Won't Delay A350 Thursday, 24 Jan 2013 | 2:09 AM ET

    Airbus CEO Frabrice Bregier has told CNBC, at the World Economic Forum in Davos, that the issues faced by Boeing with its 787 Dreamliner, will not lead to delays in certification of Airbus's A350 which is currently under development.

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