Europe News

European oil sanctions are due to kick in on December 5. The idea is to reduce oil revenues for Russia given its war in Ukraine.Andrey Rudakov | Bloomberg | Getty ImagesUpcoming sanctions on Russian oil are set to be "really disruptive"…

International travel may still have its challenges.But finding a solid hotel for a business trip isn't one of them.     CNBC Travel and the market data firm Statista today release a ranking of the "Best Hotels for Business Travelers" in…

French bank Societe Generale's headquarters in Paris.Chesnot | Getty Images News | Getty ImagesSociete Generale on Wednesday reported better-than-expected earnings despite taking a 3.3 billion euro ($3.36 billion) hit from exiting its…

Some airlines and airports are struggling with the post-covid demand for travel.Anadolu Agency | Anadolu Agency | Getty ImagesLONDON — Delays, cancellations and strikes. It's been a messy time for many European tourist hotspots as…

European Central Bank President Christine Lagarde said the central bank can raise rates faster, if needed.Handout | Getty Images News | Getty ImagesEuropean Central Bank President Christine Lagarde on Tuesday played down concerns about a…

The OECD estimates that global gross domestic product will reach 3% in 2022 — a 1.5 percentage point downgrade from a projection done in December.Nurphoto | Nurphoto | Getty ImagesThe Organization for Economic Cooperation and…

Inflation in the euro zone remains well-above the ECB's target, as energy and food prices soar.Bloomberg | Bloomberg | Getty ImagesInflation in the euro zone has hit a record high for the sixth consecutive month, sparking further…

Russia's invasion of Ukraine has led auto industry watchers to cut production and sales forecasts for the next two years. The crisis has shuttered factories in Eastern Europe, and caused spikes in the prices of already precious raw…

Berlin's Brandenburg Gate on the occasion of the Earth Hour, on March 26, 2022.Tobias Schwarz | Afp | Getty ImagesGermany's heavy reliance on Russian energy could tip its economy into recession, an independent economic think tank warned…

A Credit Suisse logo in the window of a Credit Suisse Group AG bank branch in Zurich, Switzerland.Bloomberg | Bloomberg | Getty ImagesLONDON — Credit Suisse reported Thursday a net loss of 252 million Swiss francs ($275 million) for the…