Europe News

Europe's Latest Business News, Sector Watch News and Business Headlines Online.

Al Arabiya op-ed warns of oil spike and 'economic disaster' if US sanctions Saudi Arabia

Oil prices could surge to all-time highs if the U.S. imposes economic sanctions against Saudi Arabia, according to an opinion piece written by the general manager of Saudi Arabia-based Al Arabiya television.

Posted on 15 October 2018 | 2:44 am

European markets edge lower after Brexit talks fail to reach a breakthrough; Convatec shares fall 30%

European stocks were slightly lower Monday morning, as concerns over Brexit talks, a potential slowdown in the Chinese economy and higher U.S. borrowing costs limited investor appetite.

Posted on 15 October 2018 | 1:21 am

Why pressure on Saudi Arabia could 'escalate quickly,' and bring pain for everyone else

OPEC ministers announced a deal that will increase oil supplies after the producer group capped output for 18 months.

Posted on 14 October 2018 | 6:43 pm

IMF's Christine Lagarde says she's still attending Saudi event despite 'horrifying things' reported

"I have to conduct the business of IMF in all corners of the world, and with many governments," said Christine Lagarde, managing director of the International Monetary Fund. "When I visit a country, I always speak my mind."

Posted on 13 October 2018 | 2:04 am

A key Brexit breakthrough could happen next week: Here's what you need to know

The message from Brussels is still that "there is no breakthrough yet."

Posted on 12 October 2018 | 9:37 am

UK firms could soon have to reveal their ethnicity pay gap

British Prime Minister Theresa May has unveiled plans to make businesses publish their ethnicity pay gaps.

Posted on 12 October 2018 | 8:29 am

Treasury Secretary Mnuchin 'planning on going' to Saudi event despite journalist's disappearance

Treasury Secretary Steven Mnuchin still plans to attend a Saudi investment conference, despite growing outrage over the disappearance of Saudi journalist Jamal Khashoggi. 

Posted on 12 October 2018 | 7:48 am

Recent stock sell-off may be good for the world economy, SocGen chairman says

The former central banker said markets are shifting back to "fair conditions."

Posted on 12 October 2018 | 6:01 am

This is not the time to hike spending, the IMF tells Italy

The International Monetary Fund (IMF) has one clear message for the Italian government: this is not the time to increase your spending bill.

Posted on 12 October 2018 | 5:24 am

'Expensive energy is back' — and it's threatening the global economy, IEA warns

The International Energy Agency (IEA) is concerned about a dramatic upswing in energy prices, according to its latest monthly report, with oil, gas and coal prices currently trading at multi-year highs.

Posted on 12 October 2018 | 4:00 am

The long goodbye: Who, or what, will replace Angela Merkel?

German Chancellor Angela Merkel has seen her grip on power wane following an inconclusive election a year ago. But nobody is sure who could succeed her.

Posted on 12 October 2018 | 1:57 am

'I feel more optimistic than I did a couple of weeks ago': UK's Hammond on Brexit

U.K. chancellor Philip Hammond told CNBC Friday that very definite steps were being taken on Brexit but still need to make significant progress.

Posted on 12 October 2018 | 1:47 am

The global economic impact of $100 oil 'isn't trivial': Here are the likely winners and losers

The prospect of an abrupt supply shock in the energy market is making investors increasingly nervous about the possibility of oil prices soaring above $100 a barrel before year-end.

Posted on 11 October 2018 | 7:57 am

UBS Chairman Weber says the worst thing you can do now is get out of the markets

His comments come one day after the Dow posted its third largest fall of 2018.

Posted on 11 October 2018 | 5:51 am

Top officials praise the Fed and its independence, after new attacks from Trump

Prominent officials have praised the U.S. Federal Reserve, its chairman and its independence, amid new attacks from President Donald Trump.

Posted on 11 October 2018 | 3:37 am

Coca-Cola's $5.1 billion deal to buy UK coffee chain is approved by Whitbread shareholders

Whitbread obtained shareholder approval for its proposed sale of its coffee chain Costa to Coca-Cola.

Posted on 11 October 2018 | 2:59 am

Italy's debt needs to come down, EU's Moscovici says

The European Union wants to avoid a "crisis" with Italy over the country's spending plans, Pierre Moscovici, European Commissioner, told CNBC.

Posted on 11 October 2018 | 2:39 am

Comparing Italy debt concerns to Greece is 'not quite fair': European Stability Mechanism chief

Over the last eight years during the euro crisis, Italy never lost market access, Klaus Regling, managing director for the European Stability Mechanism, told CNBC at the IMF and World Bank annual meetings in Bali, Indonesia. 

Posted on 10 October 2018 | 9:53 pm

Thousands of British firms could be allowed to convert to being German after Brexit

Germany is planning to allow thousands of small businesses registered under British rules to convert to being German firms after Brexit. 

Posted on 10 October 2018 | 11:00 am

All-female motor racing series aims to break through Formula One's 'glass-ceiling'

A new all-female racing series, aimed at encouraging women racers to get into Formula One, will launch in May 2019.

Posted on 10 October 2018 | 9:36 am

Italy is facing a possible credit rating downgrade that could roil markets once again

Ratings agency Moody's told CNBC Wednesday that it's waiting to see the full policies enacted by the anti-establishment government in Italy before updating its views on the country.

Posted on 10 October 2018 | 4:58 am

'Kicking and screaming': Turkey and South Africa are struggling to impose credible economic policies

Turkey and South Africa both appear to be unwilling to implement meaningful economic reforms, one analyst told CNBC on Wednesday.

Posted on 10 October 2018 | 4:49 am

Germany's Merkel is facing a crucial test of one of her key alliances

Regional elections are being held in Bavaria in Germany this weekend; the results could mean more bad news for Chancellor Angela Merkel.

Posted on 10 October 2018 | 2:04 am

A 'hard Brexit' could halve EU exports to Britain, German study claims

A 'hard Brexit' could halve EU exports to Britain, German study claims 

Posted on 9 October 2018 | 9:25 am

Uber drivers strike across the UK in protest over workers' rights

Uber drives around the U.K. will take part in a 24-hour strike on Tuesday in an effort to secure better pay and working conditions. 

Posted on 9 October 2018 | 8:32 am

Markets have lost confidence in Italy's finance chief, analysts say

Market players have lost confidence in the Italian finance minister's pledges to deliver a sound budget, analysts told CNBC on Tuesday.

Posted on 9 October 2018 | 8:21 am

Who is the 'Trump of the Tropics?': All you need to know about Brazil's presidential frontrunner

Brazil's far-right presidential front-runner has promised not to become a "peace and love" candidate ahead of a second-round vote, as he continues his push to become the next commander-in-chief of Latin America's largest democracy.

Posted on 9 October 2018 | 8:20 am

Adidas agrees reported $391 million deal to produce Arsenal soccer kits

Adidas has signed a five-year deal to provide kits for English soccer team Arsenal that is reportedly worth $391 million.

Posted on 9 October 2018 | 7:42 am

Irish data watchdog to request information from Google about social network security bug

The Irish Data Protection Commission said it was "not aware" of the security glitch and would reach out to Google to enable it to better comprehend the situation.

Posted on 9 October 2018 | 7:37 am

Richard Branson says Virgin Galactic will be in space for test flights 'in weeks not months'

British billionaire entrepreneur Richard Branson believes Virgin Galactic is "more than tantalizingly close" to its first trip to space.

Posted on 9 October 2018 | 3:43 am