Russia’s Foreign Ministry has condemned the U.S. decision to seize three Russian diplomatic facilities as a “blatantly hostile act”, urging Washington to immediately reverse the call or “bear the total blame” for worsening diplomatic ties. The U.S. ordered the closure of the Russian consulate in San Francisco on Saturday, as well as two trade offices […]

Novartis Chief Executive Joseph Jimenez will retire in 2018, with chief drug developer Vasant Narasimhan taking over as CEO starting in February, the Swiss drugmaker said on Monday. Jimenez is stepping down following a decade at Novartis after having successfully secured U.S. approval for a new gene therapy for leukemia last week but before Novartis […]

European markets were set to open lower on Monday morning, as North Korea’s latest nuclear test prompted investors to rush to safe-haven assets. The FTSE 100 is seen 19 points lower at 7,426; the Dax is expected to open down by 59 points at 12,083 and the CAC 40 is set to open 23 points […]

Google is still very much a force for good and has many positive attributes, according to the EU’s competition commissioner who slapped the tech giant with a $2.7 billion fine earlier this year. “This is a decision about legal behavior that they (Google) should and can correct,” Vestager said about June’s fine for the U.S. […]

The U.S. sanctions against Russia will ultimately have more impact on Europe than on Moscow, Russia’s deputy prime minister told CNBC Saturday. America imposed fresh sanctions on Russia in early August, building on previous penalties that focus on interference in the 2016 U.S. election, human rights violations, the annexation of Crimea and the alleged destabilization […]

The talks between the U.K. and Europe are taking up too much time and the British negotiating side needs to step up the pace, a top EU official told CNBC Saturday. Speaking in an exclusive interview on the sidelines of the Ambrosetti Forum in Italy, Jeroen Dijsselbloem, who leads the group of finance ministers for […]

The chief finance minister for the euro zone intends to keep going in his current role until the new year, despite a Dutch election in March that cast a major shadow over his presidency. Speaking to CNBC on the sidelines of the Ambrosetti Forum, Jeroen Dijsselbloem told CNBC that he will continue leading the group […]

The chief finance minister for the euro zone has underlined his optimism for the President Donald Trump administration despite ongoing concerns regarding its protectionist agenda. “I would be lying if I say I’d be free of worries so yes I worry about it,” Jeroen Dijsselbloem told CNBC Saturday when asked about Trump’s attitudes. “Yet the […]

Italy will follow suit with France and elect a pro-European government in next year’s general election, because to think there is an alternative is an “illusion”, the chief executive of Generali told CNBC. “As you have seen the result of the election in France was a very pro-Europe result. I think the same thing will […]

Central banks should be ready to inject cash into the financial markets to keep them stable after Britain leaves the European Union in 2019, a draft report from a bank industry lobby said. The Association for Financial Markets in Europe (AFME), in a draft report seen by Reuters, said that regulators, central banks and national […]