Europe News

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

Italy blame game over bridge collapse will hurt investor sentiment for a long time, economist says

Italy is embroiled in a blame game that will ultimately discourage many international investors, an economist told CNBC Friday.

Posted on 17 August 2018 | 3:15 am

European markets mixed amid earnings; Kaz Minerals tumbles 10%

European stocks were mixed on Friday morning, as Turkey's ongoing currency crisis appeared to keep investors wary of taking on riskier assets.

Posted on 17 August 2018 | 1:56 am

Capital controls in Turkey could spark emerging market contagion, Goldman Sachs analyst says

Turkey imposing capital controls could quickly exacerbate the exposure of other emerging market economies, an analyst at Goldman Sachs told CNBC Thursday.

Posted on 16 August 2018 | 7:28 am

Italy starts blame game after bridge collapse kills dozens

The country's political parties have apportioned blame for the disaster to, variously, previous governments, the European Union, the road management company and even the Mafia.

Posted on 16 August 2018 | 5:43 am

Amazon is reportedly considering an insurance comparison website for the UK

Amazon is speaking to insurers about whether they could contribute products to the price comparison site, Reuters reported.

Posted on 16 August 2018 | 3:44 am

Carlsberg sales boosted by World Cup, raises 2018 outlook

Danish brewer Carlsberg raised its full year profit outlook on Thursday after second-quarter sales beat forecasts on growing demand for its expensive beers in China and strong sales in Russia during the World Cup.

Posted on 16 August 2018 | 1:48 am

European stocks closed higher on confirmation of trade talks between China and the US

Bourses in Europe climbed higher Thursday following news that China accepted an invitation from the United States to talk trade in late August.

Posted on 16 August 2018 | 1:33 am

US shale growth will offset global production problems over the coming months, analysts say

A sustained upswing in U.S. shale growth is likely to offset global production problems over the coming months, energy analysts told CNBC on Wednesday.  

Posted on 15 August 2018 | 8:48 am

Britain's CEO pay climbs 11% in one year — as working wages flatline

The pay of FTSE 100 bosses surged 11 percent in the past year, pushing their median pay up to nearly £4 million ($5.1 million), according to a report which also found full-time employees received a 2 percent rise over the same period.

Posted on 15 August 2018 | 4:27 am

European stocks close lower as Turkey crisis weighs on sentiment, basic resources down 4.2%

Shares in Europe closed lower on Wednesday afternoon as concerns over the Turkish currency crisis continued to impact investors' appetite.

Posted on 15 August 2018 | 1:38 am

Italy rescuers search for survivors after motorway collapse kills dozens

A 50-meter high section of the bridge, including a tower that anchored several supports, crashed down with as many as 35 vehicles driving on it onto the roofs of warehouses and other buildings.

Posted on 14 August 2018 | 7:44 am

Italy, not Turkey, is the biggest threat to European banks right now, strategist says

The European Central Bank (ECB) was reported Friday to be concerned that the ongoing currency crisis in Turkey could result in problems for the continent's banks.

Posted on 14 August 2018 | 6:35 am

Estonia is unconcerned about a possible Russian cyberattack, president says

Cyberattacks, election meddling and other online crimes are not a massive concern for Estonia, where public services are highly digitalized, President Kersti Kaljulaid told CNBC on Monday.

Posted on 14 August 2018 | 4:24 am

Germany's Bilfinger returns to second-quarter net profit, confirms full-year outlook

German engineering services giant Bilfinger reported a rise in second-quarter net profit on Tuesday, underpinned by an uptick in demand for oil and gas.

Posted on 14 August 2018 | 4:09 am

RWE says Innogy deal on track after first-half core profit in line

RWE on Tuesday said a deal to break up its networks and renewables unit Innogy with rival E.ON was on track after posting first-half core profit that was in line with expectations.

Posted on 14 August 2018 | 1:55 am

European markets close unchanged after an initial rebound from Turkey fears

European stocks traded lower Tuesday afternoon although concerns over Turkey's economic woes have eased.

Posted on 14 August 2018 | 1:47 am

US dollar strength could soon become an 'unbearable burden' on the oil market, analyst says

The prospect of continued strength in the U.S. dollar over the coming months should constitute an even greater concern to bullish oil traders than an escalating trade war between the world's two largest economies, an analyst told CNBC on Monday.

Posted on 13 August 2018 | 8:05 am

UAE oil giant making ‘good progress’ with expansion plans in Saudi Arabia, executive says

UAE's biggest fuel retailer told CNBC that there is 'a lot more to come' regarding the firm's expansion plans in Saudi Arabia.

Posted on 13 August 2018 | 4:12 am

Europe ends in the red as Turkey's deepening economic crisis sparks contagion fears; Bayer tanks 10.3%

European stocks failed to shrug off jitters by Monday's close, as Turkey's worsening economic crisis prompted investors to offload riskier equities and flee to safe-haven assets.

Posted on 13 August 2018 | 1:59 am

'Amazon tax': Britain is reportedly considering introducing a special tax to help online retailers

The U.K. government is thinking about introducing a so-called "Amazon tax" to support struggling online retailers, Finance Minister Philip Hammond said in an interview with Sky News on Friday.

Posted on 10 August 2018 | 8:41 am

Italy is fast approaching a key deadline that will test its market credibility

The Italian government has an important task ahead that could ultimately bring about further market turmoil.

Posted on 10 August 2018 | 8:36 am

Global powers condemn Iran sanctions and urge businesses to ignore the Trump administration

President Trump's administration has been criticized by leaders around the world for reinstating tough economic sanctions against Iran.

Posted on 10 August 2018 | 8:27 am

If Turkey implodes, here's who else gets hurt

With financial turmoil in Turkey roiling the country’s assets, analysts are busy contemplating which other countries could be exposed and what this could mean for international investors.

Posted on 10 August 2018 | 4:47 am

US sanctions against Iran could make maintaining the world's oil supply 'very challenging,' IEA says

A U.S. plan to impose targeted crude sanctions against Iran could significantly impact global supply and exhaust the world's spare oil capacity cushion, according to the latest monthly report from the International Energy Agency (IEA).

Posted on 10 August 2018 | 4:00 am

Biotech firm Novozymes sinks 3% after earnings miss

Shares of global biotechnology company Novozymes slumped Friday morning after reporting second-quarter earnings that missed analysts' expectations.

Posted on 10 August 2018 | 3:35 am

Euro slips after reports the ECB is concerned about exposure to Turkey

The euro dropped nearly half a percent against the dollar on Friday morning, following reports that the ECB is concerned over the impact of a weak Turkish lira on European banks.

Posted on 10 August 2018 | 2:55 am

Russia likens US sanctions to economic war — and threatens response 'by other means'

Russia's Prime Minister Dmitry Medvedev reportedly warned the U.S. on Friday that sanctions it plans to impose against Moscow over the nerve-agent attack of a former spy living in Britain could be treated as a declaration of an economic war.

Posted on 10 August 2018 | 2:40 am

Europe markets close lower on Turkey concerns; banks fall; Novozymes down 3%

European stocks closed lower on Friday as investors reacted to corporate earnings, fresh turmoil in Turkey and the ongoing trade war between the U.S. and China.

Posted on 10 August 2018 | 1:24 am

Trump administration and EU build momentum toward hashing out a trade deal

Two weeks after reaching a handshake agreement to calm trade talks and back off new tariffs, the United States and European Union are beginning to lay the formal groundwork underpinning any deal.

Posted on 9 August 2018 | 1:24 pm

More 'crushing' sanctions ahead for Russia in hard-hitting Senate bill — if it passes

While likely to be heavily debated and amended before going to a final vote, the measures detailed in the bill are set to be a more powerful tool against Moscow, and several analysts foresee its passage taking place before the midterms.

Posted on 9 August 2018 | 11:24 am