Europe News


  • Shares in This Luxury Retailer Are at All-Time Highs Thursday, 6 Dec 2012 | 8:54 PM ET
    Prada Lacks Strong Brand Loyalty in China: Analyst

    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
    Bank of England’s Culture Attacked

    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
    BDI's Kerber: German Growth Will Stay at 1%

    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.

  • ECB and BOE Not Expected to Deliver Much at Meeting: Pro

    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
    Would the Euro Survive the Exit of Both Greece & Catalonia?

    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
    Global Markets: European Shares Move Upward

    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.

  • Basic Hygiene at Risk in Debt-Stricken Greek Hospitals Wednesday, 5 Dec 2012 | 5:40 AM ET
    Since 2000, the number of trained nurses entering the job market has increased, but demand is expected to outpace it  according to the Bureau of Labor Statistics. This leaves many nursing positions unfilled.“There are lots of different nursing categories, but there are always shortages,” said Tony Lee, publisher of  and  “Every time they go through a hiring binge, they have to have another one six months later because of demand.”

    Greek hospitals are in such dire straits that staff are failing to keep up basic disease controls such as using gloves and gowns, threatening a rise in multi-drug-resistant infections, according to Europe's top health official.

  • Taxing Old Age: Pensions in Firing Line, Again Wednesday, 5 Dec 2012 | 4:40 AM ET

    Pensions in Britain will be hit by further cuts to tax relief announced on Wednesday by Finance Minister George Osborne. Analysts tell CNBC that the measures will not just affect Britain's high earners.

  • UK Braces for Attack on Welfare State Wednesday, 5 Dec 2012 | 2:55 AM ET
    Chancellor of the Exchequer George Osborne poses for photographers outside 11 Downing Street.

    The U.K.'s welfare state has a long and distinguished history, with elements of its healthcare recently being compared with President Barack Obama's Medicare reforms.

  • The Most and Least Corrupt Countries Globally Wednesday, 5 Dec 2012 | 12:00 AM ET

    The United States may have the world's largest economy, but it does not even crack the top ten percent when it comes to a perceived lack of corruption, according to Transparency International.

  • Merkel Wins Party Vote, Eyes a Third Term Tuesday, 4 Dec 2012 | 11:52 PM ET
    Germany's Chancellor Angela Merkel

    Angela Merkel re-elected as party leader by a record margin to fight for a third term as chancellor in 2013.

  • Optimistic on UK Economy: State Minister   Tuesday, 4 Dec 2012 | 10:05 PM ET
    Duncan: 'Relatively Optimistic' about the UK economy

    Alan Duncan, UK Minister of State, International Development explains why Britain is in a better state than its European peers, dismissing notions the country has lost its regional importance.

  • Is Asia Underperforming?   Tuesday, 4 Dec 2012 | 8:15 PM ET
    Asia is Underperforming Relative to Europe and the U.S.: Pro

    Robert Musetti, Global Head of Institutional Sales, Cash Equity, Derivatives and Financing, Asia Pacific, BNP Paribas says that Asia is an underperformer relative to Europe and the United States. He explains why.

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