U.S. Commerce Secretary Wilbur Ross has at the last minute pulled out of a trip to Germany on Tuesday, the German economy ministry said, not giving a reason for the cancellation which comes at a time of friction with Washington over trade policy. He had been due to meet German Economy Minister Brigitte Zypries and […]

Uber’s tumultuous six months of scandal is likely to mark the first of many equality crises in the tech industry, according to Salesforce Chief Executive Marc Benioff. Speaking on the sidelines of the World Economic Forum in Dalian, China, Benioff warned that tech giants would need to take their capabilities to another level in order […]

Italy’s convicted former Prime Minister Silvio Berlusconi may have regained public favour at a local level but he is “absolutely not” in line to make a return to frontline politics, Carla Ruocco of opposition party Five-Star Movement told CNBC. Berlusconi, who has served four terms as Prime Minister but was banned from office amid tax […]

Queen Elizabeth II’s income will almost double this year, royal accounts published Tuesday showed, amid an increase in the amount of taxpayer funds directed to the British royal family to cover extensive repairs at Buckingham Palace. Official figures show the Crown Estate, which owns much of London’s West End, made £328.8 million ($418.6 million) in […]

President Mario Draghi of the European Central Bank said Tuesday that the central bank will have to be prudent to gradually adjust its monetary stimulus to the economic recovery. Speaking at the European Central Bank Forum in Sintra, Portugal, Draghi made it clear however that the current stimulus needs to remain in place as inflation […]

Life as a London renter has been a fairly miserable vantage point from which to watch the phenomenon of soaring house prices in the years since the financial crisis. Yes, it’s enriching to try local living in several of the capital’s quirky and charming “villages”, but the price of the flexibility to swiftly switch from […]

Russian conglomerate Sistema said on Monday a Russian court had “arrested” some shares it owns, including in the country’s biggest mobile operator MTS, in a legal dispute with oil company Rosneft. Rosneft is suing Sistema for 170.6 billion roubles ($2.9 billion) in damages over the purchase of oil producer Bashneft. Sistema proposed an out-of-court settlement […]

Britain’s Prince Harry has revealed he once considered relinquishing his royal title in order to have the chance of leading an “ordinary life”. “I felt I wanted out but then decided to stay in and work out a role for myself,” the prince – who is fifth in line to the throne – said during […]

The time is right for the European Central Bank (ECB) to start scaling back its ultra-loose monetary policy program and to begin normalizing interest rates, senior executives from two of Europe’s leading regional banks told CNBC on Monday. “Right now consumers are confused, they don’t understand negative interest rates, they don’t understand a zero interest […]

The Co-operative Bank has cancelled plans to sell itself as talks with existing investors, which include several U.S. hedge funds, to recapitalize the troubled U.K. lender reach an advanced stage. The bank launched a formal sale process in February this year in order to raise capital and meet its requirements. The bank has struggled since […]