A populist coalition government will be sworn into power in Italy Friday, ending months of political uncertainty in the euro zone’s third-largest economy. President Sergio Mattarella approved a patched up bid from Italy’s anti-establishment Five Star Movement (M5S) and right-wing Lega (League) party on Thursday evening, just days after a bitter feud roiled global financial […]

The determining factor in Europe’s forthcoming elections will be migration over anything else — even the economy, Hungary’s foreign affairs and trade minister told CNBC. “If you put into consideration the last three national parliamentary elections of Europe — Hungary, Austria, Italy — you’ll see that the parties that receive the most votes … (are) […]

Criticizing the U.S. will only backfire on European countries, according to Hungary’s foreign minister, who stressed the need for the EU to stop “bashing” the current administration. Speaking to CNBC in Paris Thursday, Foreign Affairs and Trade Minister Peter Szijjarto described positive engagement as the only way to avoid economic pain brought on by trade […]

As it pulls up stakes and makes an exit from Hungary, George Soros’ philanthropic organization called the latest accusations from that country’s government about the pullout “nonsense.” Without providing specifics, Hungary’s Foreign Affairs and Trade Minister Peter Szijjarto told CNBC Thursday that Soros’ Open Societies Foundation (OSF) left the country because it didn’t want to […]

European markets are set to open higher Friday morning after Italian parties averted the prospect of a snap election, although renewed fears of a global trade conflict appeared to limit gains. The FTSE 100 is seen 8 points higher at 7,698; the CAC is expected to open up around 18 points at 5,421 while the […]

Airbus faces an unprecedented challenge in ramping up production to meet 2018 delivery targets following engine delays and must eventually overhaul an outdated manufacturing system, the planemaker’s new president told staff on Friday. “We have a battle plan in place for this year and the engine manufacturers are working hard to meet their commitments. Still, […]

Spanish Prime Minister Mariano Rajoy’s hours in office appeared numbered on Thursday after reports that a Basque political party would back a no-confidence vote over a corruption case, paving the way for Socialist leader Pedro Sanchez to take power. Cadena Ser radio and La Sexta television reported on Thursday that the Basque Nationalist Party would […]

The European Commission (EC) has angrily reacted to news that the United States will impose steel and aluminum tariffs on Canada, Mexico and the European Union (EU). U.S. Commerce Secretary Wilbur Ross announced at a news briefing Thursday that tariffs of 25 percent on steel imports and 10 percent on aluminum imports will take effect […]

Gender equality in the workplace may be showing signs of improvement, but a report published Thursday has revealed just how much is left to be done. The study, backed by the British government, revealed 10 of the “worst explanations” that researchers heard given for not employing women to the boards of the U.K.’s largest companies. […]

President Donald Trump is hoping to block German luxury carmakers from the U.S. market, according to an exclusive report by German magazine WirtschaftsWoche. Citing several unnamed U.S. and European diplomats, the weekly business magazine reported that Trump told French President Emmanuel Macron last month he would maintain his trade policy with the aim of stopping […]