The British Chancellor is expected to lay out plans for privatizing Royal Bank of Scotland next week, people familiar with the situation told the FT.» Read More
Standard & Poor's cut Greece's sovereign long-term foreign currency credit rating to "selective default" from an already low "CCC" rating.
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.
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.
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.
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.
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 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.
Angela Merkel re-elected as party leader by a record margin to fight for a third term as chancellor in 2013.
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.
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.
Will the "fiscal cliff" be resolved by 2013? Where will the unemployment rate be at the end the year? Predictions from CNBC economics reporter Steve Liesman.
Britain's Prince William and his wife Catherine are expecting a baby, destined to be the country's future monarch.
CNBC's Ross Westgate reports on all the market moving events from Europe, including gains for defensive stocks such as utilities.
London's financial sector suffered its worst November for hiring since before the financial crisis, with the number of new jobs created falling by a third year-on-year.
Governments and economists from elsewhere in the developed world are looking East for a clue to the long-term consequences of loose monetary policy.
Facebook privacy campaign group europe-v-facebook plans to sue the social network in Ireland,it said on Tuesday.
Pope Benedict's new handle on Twitter will be @pontifex, beating out other contenders that had been considered to showcase the thoughts of one of the world's most visible leaders.
A bomb went off at the offices of a Greek ultra-right group near Athens early on Tuesday causing damage but no casualties.
Angela Merkel kicks off her re-election drive on Tuesday at a congress of her conservative Christian Democrats (CDU), where the chancellor will be feted like a star for defending German interests in the euro zone crisis.
Greece's economy is in recession but there are reasons to be upbeat and the debt-laden nation will be able to rebound strongly as it works its way through reforms, European Central Bank governing council member Christian Noyer told CNBC.
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Jamie Davies, head of pharmaceuticals, healthcare and medical devices at BMI Research, says it's important to keep an eye on pharma companies that are de-diversifying and removing non-core assets.
Mark Phelps, CIO of concentrated global equities at Alliance Bernstein, tells CNBC that there are companies like Accor which have a solid base for recovery.
Richard Koo, chief economist at Nomura Research Institute, says the private sector in US and Europe may experience a trauma-driven aversion to borrowing in the wake of stringent deleveraging requirements.