CNBC - Europe News

EU launches investigation into Google's $2.1 billion acquisition of Fitbit

Tue, 04 Aug 2020 14:44:54 GMT

The European Commission has launched an investigation into Google's proposed acquisition of Fitbit for $2.1 billion.

Amazon gets approval to buy 16% stake in UK food delivery firm Deliveroo

Tue, 04 Aug 2020 14:22:29 GMT

The U.K.'s competition watchdog has given Amazon's minority investment in Deliveroo the green light.

Argentina clinches deal with creditors to restructure $65 billion debt, bonds rise

Tue, 04 Aug 2020 09:25:24 GMT

Talks as recently as June had hit an impasse when Buenos Aires said it could not "responsibly commit" to the terms offered by creditors.

BP reports second-quarter loss after major write downs, halves dividend

Tue, 04 Aug 2020 06:33:46 GMT

Energy giant BP reported a significant loss for the second quarter on Tuesday, after downgrading the value of some of its assets on expectations of lower commodity prices.

Watch live: New York Gov. Andrew Cuomo holds a press briefing on the coronavirus

Mon, 03 Aug 2020 16:57:02 GMT

New York Gov. Andrew Cuomo is scheduled to hold a press briefing on Monday as the state continues with its reopening plan amid outbreaks in other parts of the nation.

'Europe's last dictator' battles coronavirus, mass protests and suspected Russian mercenaries ...

Mon, 03 Aug 2020 08:18:21 GMT

Belarusian President Alexander Lukashenko, 65, is seeking his sixth term in office having been in power since 1994.

After Big Tech's grilling on Capitol Hill, Brussels could be next

Mon, 03 Aug 2020 07:58:57 GMT

American lawmakers fear current antitrust laws are not fit for the digital economy. This is a concern also shared by many lawmakers in Europe.

SocGen posts surprise loss as coronavirus crisis impacts its equity trading unit

Mon, 03 Aug 2020 07:17:59 GMT

Societe Generale set aside more capital due to the pandemic and announced a reduction in its trading business.

United adds some international flights for September, but remains cautious

Fri, 31 Jul 2020 16:41:36 GMT

United Airlines is adding a few new flights but remains hesitant to increase capacity too much amid weak demand.

UK PM Boris Johnson postpones easing of coronavirus lockdown measures in England

Fri, 31 Jul 2020 12:40:30 GMT

The move comes after the government imposed restrictions across swathes of northern England following a rise in the rate of transmissions.

Euro zone GDP plunged by a record 12.1% in the second quarter

Fri, 31 Jul 2020 09:48:54 GMT

The euro zone economy contracted by 12.1% in the second quarter of 2020, compared to the first three months of the year, according to preliminary data from the region's statistics office.

Nokia posts surprise second-quarter profit jump as new CEO takes the helm

Fri, 31 Jul 2020 09:41:43 GMT

Nokia saw its profits rise 22% to 316 million euros ($376 million) in the second quarter despite quarterly revenues falling 11% to 5 billion euros.

BNP Paribas posts profit beat and steps up loss provisions amid the pandemic

Fri, 31 Jul 2020 08:05:18 GMT

The results beat expectations as analysts had forecast 1.48 billion euros in net income.

European equities higher ahead of euro zone GDP numbers; Nokia up 10%

Fri, 31 Jul 2020 08:03:18 GMT

European equities traded higher Friday morning as investors monitored corporate earnings and economic data on the last trading session of the month.

Watch live: World Health Organization holds press conference on the coronavirus outbreak

Thu, 30 Jul 2020 15:24:35 GMT

TikTok to give creators over $2 billion in the next 3 years as it takes on Instagram and YouTube

Thu, 30 Jul 2020 14:11:02 GMT

TikTok plans to give high-profile creators over $2 billion in the next three years as it wages war on Instagram and YouTube.

'We don't know': AstraZeneca CEO says 'unpredictable' coronavirus may require annual vaccinations

Thu, 30 Jul 2020 10:19:01 GMT

The British firm is just one company working on a potential coronavirus vaccine.

Shell's second-quarter profit slumps 82% on coronavirus hit to oil prices, energy demand

Thu, 30 Jul 2020 09:26:32 GMT

Analysts had warned that "Big Oil" companies were likely to report "horrendous" second-quarter results.

Credit Suisse reports 24% rise in net profit as it merges its investment banking units

Thu, 30 Jul 2020 09:02:32 GMT

Credit Suisse reported a 24% jump in net income from a year ago, despite a "challenging economic environment."

Elon Musk says DeepMind is his 'top concern' when it comes to A.I.

Wed, 29 Jul 2020 10:09:02 GMT

The Tesla and SpaceX boss made his comments on DeepMind in an interview with The New York Times.