Prime Minister Edouard Philippe told lawmakers on Tuesday that it was time to end France’s addiction to public spending and rein in debts that he said were at an unacceptable level. France’s new president, Emmanuel Macron, sees taming France’s spending and reducing its budget deficit was key to winning the trust of European Union partner […]

The U.K. public service broadcaster BBC announced it would spend £34 million ($44 million) on children’s programming over the next three years to face off competition from global media giants like Facebook, Amazon and Netflix. Proposals to draw young audiences away from the Silicon Valley firms include multimedia content such as video, live online programming, […]

Central banks tightening is supportive of risk appetite but historically a large shock such as a war or recession has been required to snap low market volatility, according to strategists at Goldman Sachs. The low volatility “regime” currently plaguing the equity market is comparable to the last 14 cases since 1928, strategists Christian Mueller-Glissmann and […]

Germany is a big target of spying and cyber attacks by foreign governments such as Turkey, Russia and China, a government report said on Tuesday, warning of “ticking time bombs” that could sabotage critical infrastructure. Industrial espionage costs German industry billions of euros each year, with small- and medium-sized businesses often the biggest losers, the […]

French President Emmanuel Macron vowed Monday that he would move to a public vote if lawmakers did not move quickly enough to back his ambitious reform agenda. In a rare address to both houses of parliament which echoed the U.S. State of the Union address, the newly-elected president said that he planned to cut the […]

Italy would like to see Britain reverse its decision to leave the European Union despite the fact that the process has already began, according to the country’s ambassador to the U.K. “We would be delighted if a shift in public opinion would lead the government in the future to stop the process and backtracking backtrack? […]

Drones have come a long way from being military-grade equipment to commercially accessible toys sold across mainstream stores. But as well as being disruptive to industries – with Amazon trialing its own drone delivery service – drones have become increasingly disruptive to commercial aircraft, buildings, and people. Several flights were delayed at a U.K. airport […]

Brexit could lead to a fragmentation of the financial services industry in Europe, incapable of fighting against major financial hubs like New York and Singapore, a senior Italian official told CNBC in an exclusive interview. “There’s a danger in fact. We are concerned because having an easy and relatively cheap access to market capitals here […]

In their campaign program for the German election, Chancellor Angela Merkel‘s conservatives have dropped the term “friend” in describing the relationship with the United States. Four years ago, the joint program of her Christian Democratic Union (CDU) and its Bavarian sister party, the Christian Social Union (CSU), referred to the United States as Germany‘s “most […]

A 23-year-old was arrested and charged with plotting to kill French President Emmanuel Macron at a Bastille Day parade this month, the BBC reports. The man is believed to be a far-right extremist who told police he also wanted to attack “Muslims, Jews, blacks, homosexuals,” Agence France-Presse reports. Police arrested him in a Paris suburb […]