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Europe News


  • Euclid Tsakalotos, the new 'friendly face' of Greece? Wednesday, 6 May 2015 | 6:56 AM ET
    Greek Junior Foreign Minister Euclid Tsakalotos, head of Greece's negotiating team in loan talks, arrives for a cabinet meeting at the Greek parliament in Athens on April 30, 2015

    Deputy Foreign minister of Greece Euclid Tsakalotos has been drafted in to lead debt talks with creditors to replace hot-headed Finance Minister Yanis Varoufakis.

  • Russia: Back from the brink Wednesday, 6 May 2015 | 7:54 AM ET

    Rate cuts, higher oil prices and easing tensions in Ukraine: Russia couldn't ask for a better combination to bring it back from the brink of crisis.

  • UK political gridlock: Good for business? Wednesday, 6 May 2015 | 3:47 AM ET

    An alliance of diverse political parties in one government might not be as bad for the business world as people think, experts say.

  • GSK rules out HIV spinout as generics hit results Wednesday, 6 May 2015 | 7:22 AM ET

    GlaxoSmithKline looks set to continue its earnings slide in 2015, as generic competition continues to hit sales of asthma treatment Advair.

  • ISIS fight hits Imperial Tobacco results Wednesday, 6 May 2015 | 3:13 AM ET

    Imperial Tobacco's underlying net revenue took a 3 percent hit in its growth markets due to instability in Iraq in the 6 months to March.

  • Sainsbury's Egypt woes should be removed soon: CFO Wednesday, 6 May 2015 | 2:50 AM ET
    A man puts a shopping bag into a car outside a Sainsbury's store in London

    The dramatic legal woes of Sainsbury's CEO in Egypt should be resolved soon, according to John Rogers, the U.K. retailer's CFO.

  • Power firm Alstom reports huge loss on US fine Wednesday, 6 May 2015 | 6:17 AM ET
    Alstom wind turbine.

    A U.S. fine for bribery pushed France's Alstom to a 719 million euro annual net loss - down from the previous year's 556 million profit.

  • SocGen CEO: Russia is now normalizing Wednesday, 6 May 2015 | 2:54 AM ET
    Societe Generale SA headquarters stand in Paris, France

    French bank Societe Generale reported a hike in its first-quarter net income thanks to a smaller hit from its struggling Russian unit.

  • EU watchdog eyes McDonald's tax probe Wednesday, 6 May 2015 | 2:22 AM ET
    A sign for a McDonald's restaurant is seen in Times Square, New York.

    The EU's Competition Commissioner said she is examining allegations that McDonald's evaded $1.1 billion in European corporate taxes.

  • Last chance for UK parties to break poll deadlock Wednesday, 6 May 2015 | 12:55 AM ET
    Prime Minister David Cameron and education secretary Nicky Morgan meet pupils during a visit to the Green School For Girls on March 9, 2015 in London, United Kingdom. 500 or more free schools would be opened in England in the next five years under a Conservative government, Mr Cameron has pledged.

    Campaigning in Britain's most unpredictable election in a generation enters its final day on Wednesday with the two main parties level in most polls and neither on track to command a majority in the parliament of the world's fifth largest economy.

  • Why Scotland may hold the key to the UK election Wednesday, 6 May 2015 | 1:20 AM ET

    The Scottish National Party's representation in the U.K. parliament is set to skyrocket to around 50 seats from just six, making it the third-biggest party.

  • Greece blows hot, cold in race to avert cash crunch Wednesday, 6 May 2015 | 12:56 AM ET
    Greek Finance Minister Yanis Varoufakis

    Greece blew hot and cold with its euro zone partners on Tuesday as it struggled to avert a potentially catastrophic funding crunch this month.

  • Fears of Greek dispute between EU, IMF hit markets Tuesday, 5 May 2015 | 12:02 PM ET
    Protesters take part in an anti-austerity pro-government demonstration in Athens.

    Greek stocks fell nearly 4 percent on Tuesday and 10-year debt yields remained above 11 percent, following reports that the IMF had suggested Greece needed further debt relief.

  • Rolls-Royce breaks into fracking Tuesday, 5 May 2015 | 8:31 AM ET

    In contrast to its luxury auto and air engine roots, Rolls-Royce is forming a "fracking" joint venture with a U.K. engineering company.

  • Autonomy's Lynch: No 'smoking gun' in HP $5B claim Tuesday, 5 May 2015 | 10:57 AM ET
    Mike Lynch

    Mike Lynch said Hewlett-Packard had failed to produce a "smoking gun" to back its claim that he masterminded a fraud to inflate the value of Autonomy before it was bought.

  • Rosneft chief earns up to $4.7M in basic salary Tuesday, 5 May 2015 | 10:21 AM ET
    Russian President Vladimir Putin, right, listens to Igor Sechin, CEO of state-controlled Russian oil company Rosneft, during Russian-Armenian talks in Yerevan, Armenia, Dec. 2, 2013.

    The head of Russia's Rosneft earns at least 15-20 million rubles a month, the oil company said on Tuesday, disclosing Igor Sechin's basic salary after President Vladimir Putin encouraged greater wage transparency.

  • Has the bond party come to an abrupt end? Tuesday, 5 May 2015 | 8:39 AM ET
    Traders in the 30-year bond options

    European government bond yields, which have been on a steady downward trend for years, are suddenly heading higher.

  • Head of Eurogroup: No Greek deal by Monday, but... Tuesday, 5 May 2015 | 7:22 AM ET
    German Chancellor Angela Merkel and Greek Prime Minister Alexis Tsipras following talks at the Chancellery in Berlin March 23, 2015.

    "We're fighting on" to get a deal with Greece, the head of the Eurogroup Working Group tells CNBC.

  • That's bananas! Cocaine found in store delivery Tuesday, 5 May 2015 | 7:34 AM ET

    A banana delivery to a chain of German supermarkets has sparked a police investigation when staff found packets of cocaine inside the boxes instead of fruit.

  • Greece's Finance Minister Yanis Varoufakis

    CNBC follows Greece's Finance Minister Yanis Varoufakis around the world, assessing his first three months in the job.

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