Europe News
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France appears to have the talent and know-how
to foster the creation of successful technology companies, but its
record at retaining them is less than impressive.
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ArcelorMittal trimmed its forecast for global steel consumption on Friday, due to a slowdown in China and a decline in Russia.
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President Vladimir Putin flew in to Crimea on Friday for parades marking the Soviet victory in World War Two.
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A deal that would have created the world's largest advertising firm was driven by ego, advertising firm WPP said after the collapse of a planned merger between Omnicom and Publicis.
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The euro has taken a beating from comments by the ECB that currency strength is a concern, but will only stay down if action follows.
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The $35 billion merger between Omnicom and Publicis has collapsed as challenges proved too immense for the partners.
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Coca-Cola is closing two of its juice plants in Russia, putting at risk hundreds of jobs in a business it brought four years ago.
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The U.S. disputes Russia's claims that its troops have been pulled back from the Ukrainian border, the U.S. ambassador to Ukraine tells CNBC
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Betting on euro weakness is the only trade that will make investors money this year, HSBC's head of FX strategy told CNBC.
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ECB President Mario Draghi said the strengthening euro was cause for "serious concern" at his news conference on Thursday.
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The Bank of England left interest rates and asset purchases unchanged on Thursday, despite pressure for it to act to cool the housing market.
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Insurance giant Prudential reported 29 percent growth in new business profit in the first quarter of 2014 on Thursday.
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Antony Jenkins, the chief executive of Barclays who is engaged in a radical shake-up at the bank, has defended his plans for job cuts and bonuses.
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