Europe

New sanctions against Russia

European Union officials have agreed to a new round of sanctions against Russia. They are expected to be imposed early next week. This comes just hours after world leaders wrapped up a two day NATO summit today, where Russia was on the docket.

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With the double threat of $14 billion more in fines for the Gulf of Mexico disaster and further Russian sanctions, BP seems to be having almost as bad a year as 2010. Back then, an explosion on its Deepwater Horizon oil rig killed 11 people and sent millions of barrels of oil flowing out of the Macondo …

Is it time to pay attention to global hot spots?

How important are all of the international cross currents for U.S. stocks and is it time for American investors to pay attention to trouble spots around the globe?

ECB weighs options

Banking officials in Europe are considering a U.S. style monetary easing program, but will it work in Europe and what are the risks?

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When visiting Moscow in October 2013, what was supposed to be a fairly brief encounter with a Russian oligarch turned into a nine-hour dinner and one of the most insightful views into Russia’s future I’ve ever received. Ten months ago, before anyone ever dreamed that Russia’s President Vladimir Putin would invade Crimea and stir unrest in eastern Ukraine, the …

Maxim Zmeyev | Reuters
Armed pro-Russian separatists stand guard near the village of Hrabove, Donetsk region, Ukraine.

As pro-Russian militants intensify fighting in eastern Ukraine, the U.S. and European Union have stepped up an ongoing economic and trade war to pressure Moscow to back down. Now what remains to be seen is whether the moves provoke President Vladimir Putin to unleash a wider retaliation—including an energy embargo on European countries heavily reliant on Russian …

Maxim Zmeyev | Reuters
A part of the wreckage of Malaysia Airlines Flight MH17 is seen at its crash site, near the village of Hrabove, Donetsk region, July 20, 2014.

If perception is reality, then the Russian population would assume that the downing of Malaysia Airlines MH17 was the work of the Ukrainians—with the help of the U.S. Central Intelligence Agency, or vice versa. Just one day after the horrific tragedy that left 298 people dead, Russia’s Channel One ran a package telling its audience that the entire incident was orchestrated …

Josh Edelson | AFP | Getty Images

Microsoft has joined Google and launched its own version of the “right to be forgotten” request form for its search engine Bing, in an attempt to comply with a recent European Union ruling that has already sparked fierce debate over online privacy. The May ruling by the European Court of Justice was based bought by …

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Trader on the floor of the New York Stock Exchange.

U.S. stocks dropped sharply on Thursday, tracking European shares, after soft data from Italy and as investors worried about one of Portugal’s top banks. “We used to have a Europe crisis every two weeks, now we have one every nine months,” said JJ Kinahan, chief strategist at TD Ameritrade. Investors sought safety in U.S. Treasuries …

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The crisis in Ukraine may have slipped from the headlines briefly, but the increasing risks it poses shouldn’t be far from investors’ minds. A week-long ceasefire, which ended at 10 p.m. local time on Monday, had offered breathing space for a negotiated settlement of Ukraine’s conflict. After its conclusion, with no solution in sight, “the …

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Construction workers weld together two giant pipes near the village of Sajkas, 80 kilometres north of Serbian capital Belgrade on November 24, 2013.

Russia has cut off its gas supplies to Ukraine, the country’s energy minister told news wires Monday, after the two countries failed to agree on a payment scheme in late-night talks. Although initial reports suggested that oil supplies were proceeding as normal, the Ukrainian minister told Reuters that its supplies had been halted. Earlier a …

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Inside a UberX taxi, Washington, D.C.

Uber saw the number of new customers signing up to its London service jump to record levels on Wednesday, as cab drivers across Europe went on strike in protest of the taxi hailing app. Uber said there has been an 850 percent increase in sign-ups compared to last Wednesday and accused London taxi union the …

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The European Central Bank (ECB) took the unprecedented step Thursday by imposing a negative interest rate on banks for their deposits—in effect charging lenders to park money with it. The move was part of a series of measures to combat the euro zone’s growth-sapping disinflation and give a push to its stuttering economic recovery. At …

Andrey Rudakov | Bloomberg | Getty Images
Vladimir Putin, Russia's president, pauses during a global business leaders summit at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia, on Friday, May 23, 2014.

Russian President Vladimir Putin has outlined his plans for closer links with China and a new Eurasian union, as he slammed U.S. actions in Ukraine. Read More Recap: Catch up with the Putin session – as it happened During a speech and interview with CNBC Friday at the St. Petersburg International Economic Forum, Putin signaled Russia’s turn away from its former Western …

Mario Laporta | AFP | Getty Images

Alcoa is experiencing the biggest transformation in the metals industry “in 125 years,” the chief executive told CNBC, as higher demand for lighter aluminum alloys from the auto and aircraft industries means a shift away from smelting. The aluminum manufacturer and processor no longer has to focus on fluctuations in the metals markets now demand for …