EU Budget Commissioner Oettinger dismisses an earlier report suggesting the decision has already been taken.
The fate of Washington Post journalist Jamal Khashoggi remains unknown after he entered a Saudi consulate in Istanbul on Oct. 2.
At least 17 people were killed and dozens injured at a college in the Black Sea region of Crimea on Wednesday, Russian law enforcement officials said.
Scandinavian countries have created a "permissive environment" for money laundering, Bill Browder told CNBC Wednesday, shortly after the prominent Kremlin critic accused Nordea Bank of fraud, falsification and dishonest conduct.
Brexit negotiators crashed high expectations that a deal over the Irish backstop was imminent during the weekend. CNBC looks at the next steps in the Brexit process.
European stocks turned lower in early afternoon trading, dragged down by auto stocks.
Alexander Stubb, vice president of the European Investment Bank, said his advice for U.K. Prime Minister Theresa May was to "hang in there."
The spending plans proposed by Italy's coalition government are just what the country needs to grow, an economic advisor for the Lega party told CNBC.
President Donald Trump's "America First" approach to foreign policy is not part of the solution when it comes to restoring international order, according to the former head of NATO.
European stocks rose on Tuesday, as traders digested punchy Wall Street earnings and tensions between Saudi Arabia and the West.
Charles Dallara of Partners Group says one would hope that Britain will pause "halfway out the gang plank" before they jump into the "ocean full of crocodiles" to reflect on the decision making process.
The Italian cabinet on Monday signed off on an expansionary 2019 budget, boosting welfare spending, cutting the retirement age and hiking the deficit to set up a showdown with authorities in Brussels over compliance with EU rules.
Germany has deported a Moroccan associate of the Sept. 11 hijackers after he served most of a 15-year jail term for helping organize the 2001 attacks on U.S. targets, authorities said on Monday.
The U.K. prime minister has addressed parliament with her latest update on Britain's exit from the European Union.
The worst could be yet to come for Italy if its coalition government sticks to plans to increase public spending, according to the vice president of the European Commission.
Angela Merkel's coalition government in Berlin looks more fragile than ever after voters in the state of Bavaria roundly rejected the chancellor's allied parties at a regional election this weekend.
With Saudi Arabia denying a role in the sudden disappearance of a prominent journalist, the chances are growing that the crisis could escalate, and ricochet across the global economy.
The message from Brussels is still that "there is no breakthrough yet."
The International Monetary Fund (IMF) has one clear message for the Italian government: this is not the time to increase your spending bill.