Nothing is easy for Iran’s economy these days, and things could soon get even tougher. The U.S. House of Representatives is expected to pass a bill Tuesday to put new sanctions on Russia, North Korea — and Iran. A Senate version passed overwhelmingly last month. Iran is being targeted for its activities in Syria, its […]

Dutch paintmaker Akzo Nobel, grappling with the consequences of rebuffing a 26.3 billion euro ($30.63 billion) takeover bid by U.S. rival PPG Industries, on Tuesday announced earnings below market expectations and said Chairman Antony Burgmans will resign at the end of his term in April 2018. Akzo said its core profit in the second quarter […]

European Commission preparations to retaliate against proposed new U.S. sanctions on Russia that could affect European firms are likely to face resistance within a bloc divided on how to deal with Moscow, diplomats, officials and experts say. A bill agreed by U.S. Senate and House leaders foresees fines for companies aiding Russia to build energy […]

The parents of Charlie Gard have ended their legal battle to give the terminally ill British baby further treatment, a lawyer representing the parents said on Monday. The lawyer told London’s High Court that time had “run out” for the child. “For Charlie it is too late. The damage has been done,” Grant Armstrong said. […]

With the mounting problems facing South Africa, CNBC looks at the investment case for the country and whether its economic outlook is starting to look bleak. Last Thursday, the South African Reserve Bank cut its benchmark interest rate for the first time in five years, dropping the rate by 25 basis points to 6.75 percent […]

Poland could lose its voting rights in the European Union if it presses ahead with reforms to the judiciary. The country has become a headache for the EU since the right-wing conservative government won the general election in 2015 and began implementing several laws deemed risky for democracy. The European Commission, which is responsible for […]

German auto stocks took a hit in early Monday trading, weighed down by uncertainty over possible antitrust fines after European regulators said they were investigating allegations that carmakers were operating a cartel. Shares in Volkswagen were down 3.3 percent, with premium rivals Daimler and BMW down 2.9 percent and 2.5 percent respectively, underperforming the blue-chip […]

Some of the biggest technology firms on Wall Street are poised to announce earnings this week though finding a favorite among them is akin to a parent specifying their favorite child, Ben Rogoff, Polar Capital Fund Manager, told CNBC on Monday. Of the four so-called FANG stocks, three are reporting this week: Alphabet, Facebook and […]

Euro zone businesses started the second half of 2017 with solid growth, though declining inflation pressures could put paid to expectations of a stimulus clawback by the ECB later this year, a survey found on Monday. Years of ultra-easy policy may be bolstering growth, but inflation is still nowhere near the European Central Bank’s 2 […]

Shares in the top three German carmakers dropped sharply on Monday after it was reported that EU antitrust officials had started investigating a possible breach of regulatory standards. Volkswagen, BMW and Daimler all slumped towards the bottom of the autos sector shortly after Monday’s opening bell. BMW fell more than 2 percent while Volkswagen and […]