UK finance minister pledges no more distractions after ‘tough day’ sees U-turn on top tax rate
U.K. Finance Minister Kwasi Kwarteng on Monday said the government would not be distracted from delivering on its growth plan.
CNBC Europe
UK government abolishes plan to cut tax on high earners in major U-turn
The U.K. government on Monday reversed a planned scrapping of the top rate of income tax, after a public backlash and major market turbulence.
Britain's tax cut pivot might not be enough to quell market mayhem
The U.K. government's reversal on scrapping the top rate of income tax is down to political optics and will not reassure market skittishness, analysts told CNBC Monday.
Pro-Russian groups are raising funds in crypto to prop up military operations and evade U.S. sanctions
Pro-Russian groups have raised $400,000 in cryptocurrency since the start of the Ukraine invasion to fund paramilitary operations and evade U.S. sanctions.
Russian pipeline leaks spark climate fears as huge volumes of methane spew into the atmosphere
Climate scientists described the gas leaks as a "reckless release" of greenhouse gas emissions that, if deliberate, "amounts to an environmental crime."
U.S. announces new sanctions on Russia in response to Ukraine annexation
The sanctions on hundreds of Russian officials and firms highlight the cat and mouse game between Western governments and Russian military suppliers
Biden warns Putin that U.S. will defend 'every single inch' of NATO territory as Russia formally annexes Ukraine regions
President Joe Biden in remarks about Russian President Vladimir Putin and his war against Ukraine called the Nord Stream pipeline leaks an act of sabotage.
Ford's stock is up 70% since Jim Farley became CEO – but he still has a ton of work to do
Ford's stock achieved decades-high prices of more than $25 a share under CEO Jim Farley, but it's fallen in recent months.
American homebuyers are finding UK bargains, discounted by a weaker pound
Prices in London are down nearly 20% over the past year on price declines and currency impact, according to global consulting group Knight Frank.
Putin declares 'four new regions of Russia' as Moscow illegally annexes parts of Ukraine
The annexation follows a series of referendums that the West described as a sham.
New coin designs for King Charles III released by the UK's Royal Mint
The 50p coin, which will be in circulation before the end of the year, shows the new king without a crown and facing left.
Euro zone inflation soars to a record 10%, piling pressure on the European Central Bank
Euro zone inflation hit a new record high of 10% in September, Eurostat data showed on Friday, up from 9.1% in August and above consensus projections of 9.7%.
German tech giant SAP actually benefits from strong dollar and supply chain troubles, CEO says
"Our biggest competitors are in the U.S., so the strong dollar actually benefits us," SAP CEO Christian Klein said in an interview.
There are no American F1 drivers. McLaren CEO Zak Brown has a theory about that
"The talents are there, the resources are there. It's really about when and where they get started and to get into Formula One," Brown told CNBC.
F1's Max Verstappen says the Singapore race is 'very tough' but he's thrilled about its return
After a two-year hiatus, the Singapore Grand Prix is roaring back this Sunday on a circuit that Oracle Red Bull's Max Verstappen says he's thrilled about.
Spain says Nord Stream gas leaks likely a deliberate act — and points the finger at Russia
Swedish police are currently investigating the Nord Stream gas leaks and the European Union suspects sabotage.
Summer's over, but the European travel season isn't
Airlines aren't pulling back on U.S.-Europe capacity the way they did in 2019, before the Covid pandemic.
Citroen announces EV concept which uses recycled cardboard and has a top speed of 68 mph
Citroen says vehicle has a target weight of roughly 1000 kilograms, or one metric ton.
Vestas launches 'world's tallest onshore tower for wind turbines'
Towers are crucially important components of a wind turbine.
Record number of UK mortgage deals pulled in one day as market mayhem takes hold
Hundreds of mortgage deal offers in the U.K. have been pulled after market chaos sparked concerns about interest rates rising as high as 6% for 2023.
Get complete CNBC business news coverage online. Find the latest business news pertaining to Europe. Sector watch news, headlines; top stories is available on the official CNBC Europe site.
Subscribe to CNBC Europe feed