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    <lastBuildDate>Mon, 11 May 2026 00:51 GMT</lastBuildDate>
    <pubDate>Mon, 11 May 2026 00:51 GMT</pubDate>
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    <description><![CDATA[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.]]></description>
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      <title>Oil climbs as Netanyahu and Trump remarks stoke worries over rising Middle East tensions</title>
      <description><![CDATA[Oil prices jumped on Monday after Israel warned that the conflict with Iran was still ongoing.]]></description>
      <pubDate>Mon, 11 May 2026 00:45:02 GMT</pubDate>
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      <title>UK PM Starmer says he plans to remain in office despite crushing local elections defeat</title>
      <description><![CDATA[The appointment comes amid crushing results for Prime Minister Starmer's ruling Labour Party in local elections.]]></description>
      <pubDate>Sat, 09 May 2026 13:02:59 GMT</pubDate>
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      <title>Whisky business: Investors pin hopes on Trump’s Scotch tariff reversal after dire three years</title>
      <description><![CDATA[President Trump's decision to ditch the 10% tariff on Scotch whisky could boost the market for premium cask collecting.]]></description>
      <pubDate>Sat, 09 May 2026 05:00:01 GMT</pubDate>
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      <title>Commerzbank boss pledges to defend shareholders in UniCredit takeover battle</title>
      <description><![CDATA[Commerzbank said it would defend the interests of its shareholders as it fends off an acquisition move from UniCredit]]></description>
      <pubDate>Fri, 08 May 2026 08:49:20 GMT</pubDate>
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      <title>Trump threatens EU with ‘much higher’ tariffs if no trade deal signed by new deadline</title>
      <description><![CDATA[President Donald Trump said he will give the European Union until July 4 to ratify its trade agreement with the U.S.]]></description>
      <pubDate>Fri, 08 May 2026 17:01:34 GMT</pubDate>
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      <title>French prosecutors escalate probe of Elon Musk and X to criminal investigation</title>
      <description><![CDATA[France is investigating whether Elon Musk and his social media app X were complicit in spreading harmful AI deepfakes.]]></description>
      <pubDate>Thu, 07 May 2026 20:54:17 GMT</pubDate>
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      <link>https://www.cnbc.com/2026/05/07/france-is-world-cup-favorite-but-ai-is-backing-another-winner.html</link>
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      <title>France is fan favorite for the FIFA World Cup — but AI is backing another nation for glory, says BofA</title>
      <description><![CDATA[The 2026 FIFA World Cup is expected to add over $40 billion to the global GDP with its most lucrative edition ever. ]]></description>
      <pubDate>Thu, 07 May 2026 14:27:39 GMT</pubDate>
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      <title>How the U.S. military and Maersk got a ship to pass through the Strait of Hormuz</title>
      <description><![CDATA[Maersk CEO Vincent Clerc said the shipping giant had deliberately taken a "very cautious approach" during the Middle East crisis.]]></description>
      <pubDate>Thu, 07 May 2026 09:44:51 GMT</pubDate>
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      <title>EU weighs restricting use of U.S. cloud platforms to process sensitive government data, sources tell CNBC</title>
      <description><![CDATA[There have been increasing calls within Europe for the region's most critical workloads to diversify away from dominant U.S. cloud providers.  ]]></description>
      <pubDate>Thu, 07 May 2026 09:09:41 GMT</pubDate>
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      <title>Maersk shares drop as CEO warns Iran war will have bigger impact in coming months</title>
      <description><![CDATA[The shipping giant said the Iran war had introduced an "additional layer of uncertainty" as it reported first-quarter earnings on Thursday. ]]></description>
      <pubDate>Thu, 07 May 2026 13:02:42 GMT</pubDate>
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      <title>Shell tops profit estimates as Iran war boosts oil price, cuts share buybacks</title>
      <description><![CDATA[Britain's Shell posted stronger-than-expected quarterly profit as the Iran war sent fossil fuel prices soaring.]]></description>
      <pubDate>Thu, 07 May 2026 11:07:43 GMT</pubDate>
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      <title>It’s not just Big Oil. Wind giants welcome profit beats as Iran war spurs energy pivot</title>
      <description><![CDATA[Norway's Equinor told CNBC that the company expects the Iran war to deliver a boost to its transition industries.]]></description>
      <pubDate>Fri, 08 May 2026 11:47:53 GMT</pubDate>
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      <link>https://www.cnbc.com/2026/05/06/uk-energy-prices-1970s-oil-shock-consumers-businesses.html</link>
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      <title>CNBC&apos;s UK Exchange newsletter: It&apos;s not the 1970s, but the oil shock is still biting hard</title>
      <description><![CDATA[In theory, the U.K. should be less exposed to the impact of higher energy prices than some peers. In practice, the price surge is having a dire impact.]]></description>
      <pubDate>Wed, 06 May 2026 06:49:11 GMT</pubDate>
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      <title>Private credit’s $2 trillion boom raises global stability fears, watchdog warns</title>
      <description><![CDATA[The Financial Stability Board wants regulators to tighten up their supervision of private credit amid fears of growing stress in the sector.]]></description>
      <pubDate>Wed, 06 May 2026 07:16:02 GMT</pubDate>
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      <link>https://www.cnbc.com/2026/05/06/lufthansa-q1-middle-east-conflict-2-billion-fuel-cost.html</link>
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      <title>Lufthansa faces nearly $2 billion in extra fuel cost amid the Iran war, after axing 20,000 flights</title>
      <description><![CDATA[Germany's largest airline, Lufthansa, is taking on additional fuel costs as the Middle East conflict poses 'enormous challenges.']]></description>
      <pubDate>Wed, 06 May 2026 08:38:10 GMT</pubDate>
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      <link>https://www.cnbc.com/2026/05/05/oil-price-shock-iran-interest-rates-recession-borrowing-war-central-banks-bank-england-ecb.html</link>
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      <title>Central banks risk a recession by raising rates to tackle Iran oil shock, strategist warns</title>
      <description><![CDATA[Central banks are widely expected to raise interest rates in a bid to temper soaring energy prices.]]></description>
      <pubDate>Tue, 05 May 2026 13:59:55 GMT</pubDate>
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      <title>UK borrowing costs surge to highest since 1998 as bond market braces for election fallout</title>
      <description><![CDATA[Government borrowing costs soared on Tuesday, amid reports of a plot among lawmakers to oust the prime minister. ]]></description>
      <pubDate>Tue, 05 May 2026 13:04:49 GMT</pubDate>
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      <title>Maersk says ship passed through Strait of Hormuz under U.S. military protection</title>
      <description><![CDATA[It comes as the U.S. Navy seeks to deliver on President Donald Trump's "Project Freedom" initiative.]]></description>
      <pubDate>Tue, 05 May 2026 15:08:35 GMT</pubDate>
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      <title>UniCredit CEO says taking control of Commerzbank ‘not the expected scenario’ </title>
      <description><![CDATA[The Italian lender is making a takeover bid for German rival Commerzbank, despite pushback in Germany. ]]></description>
      <pubDate>Tue, 05 May 2026 09:19:40 GMT</pubDate>
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      <title>HSBC shares drop as first-quarter pre-tax profit misses estimates on higher expected credit losses</title>
      <description><![CDATA[Europe's largest lender HSBC on Tuesday reported first-quarter pre-tax profit of $9.4 billion, marginally missing analysts' estimates.]]></description>
      <pubDate>Tue, 05 May 2026 08:38:15 GMT</pubDate>
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      <link>https://www.cnbc.com/2026/05/04/strait-hormuz-gas-price-oil-shock-recession-risk-economy-iran-us-war.html</link>
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      <title>‘Misplaced euphoria’: Markets are sleepwalking into a recession amid Iran war oil price shock</title>
      <description><![CDATA[As US equities hit fresh highs, strategists warn that investors are downplaying the impact of soaring oil prices.]]></description>
      <pubDate>Mon, 04 May 2026 12:50:34 GMT</pubDate>
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      <title>&apos;Bubble effect&apos;: Weight loss drug fueled growth is putting the pharma sector at risk, report finds</title>
      <description><![CDATA[Obesity assets represent about 25% of total forecast sales of the late-stage pipeline, while oncology's share has slipped to 20%, Deloitte found.]]></description>
      <pubDate>Mon, 04 May 2026 10:45:58 GMT</pubDate>
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      <title>European markets fall as Trump threatens new auto tariffs</title>
      <description><![CDATA[European markets slipped into negative territory Monday, as investors watched Middle East developments.]]></description>
      <pubDate>Mon, 04 May 2026 15:59:22 GMT</pubDate>
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      <title>Denmark faces data center reckoning as power grid overwhelmed by surging demand</title>
      <description><![CDATA[The data center industry is facing a reckoning as governments around the world consider imposing limits on the growth of the power-hungry facilities.]]></description>
      <pubDate>Thu, 07 May 2026 09:29:50 GMT</pubDate>
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      <title>The nuclear option: Atomic energy could offer Europe hope, say analysts — but it won&apos;t be easy</title>
      <description><![CDATA[The effective closure of the Strait of Hormuz, a vital shipping route, has exposed which nations are most exposed to disrupted energy imports.]]></description>
      <pubDate>Mon, 04 May 2026 05:00:01 GMT</pubDate>
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      <title>UK government plans to allow airlines to consolidate flights as jet fuel costs soar</title>
      <description><![CDATA[The government says it wants to reduce the likelihood of last-minute flight cancelations over the summer amid uncertainty over the Iran war.]]></description>
      <pubDate>Sun, 03 May 2026 13:56:06 GMT</pubDate>
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      <title>AstraZeneca stock falls after FDA panel votes against new cancer drug</title>
      <description><![CDATA[The advisory panel wasn't convinced that a clinical trial proved that early switching to camizestrant improved long-term survival rates.]]></description>
      <pubDate>Fri, 01 May 2026 09:51:15 GMT</pubDate>
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      <title>Engine trouble ahead? How the Strait of Hormuz standoff threatens luxury auto giants</title>
      <description><![CDATA[Supercar engines rely on base oils because they can withstand extreme heat, high revs and intense pressure.]]></description>
      <pubDate>Fri, 01 May 2026 09:19:59 GMT</pubDate>
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      <title>Boaz Weinstein’s activist investor Saba seizes control of UK tech fund after bitter SpaceX feud</title>
      <description><![CDATA[The Edinburgh Worldwide Investment Trust conceded defeat to the Boaz Weinstein's activist fund on Thursday.]]></description>
      <pubDate>Thu, 30 Apr 2026 13:34:34 GMT</pubDate>
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      <title>Private credit fears loom large over Europe’s banks this earnings season</title>
      <description><![CDATA[Europe’s banks have downplayed their private credit exposures — but uncertainty over hidden stress remains as risks continue to evolve.]]></description>
      <pubDate>Thu, 30 Apr 2026 07:49:13 GMT</pubDate>
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