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Countdown to 2012 London Olympics - CNBC Special Report - CNBC Europe

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    Europe's Paper Tigers

    The new, formerly communist European Union members are beginning to be a burden for their Western neighbors as foreign capital dries up.

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    UK Budget Top Highlights

    Chancellor of the Exchequer Alistair Darling predicted that the economy would contract at a rate of 3.5 percent in 2009, with a fall of around 1.6 percent in the fourth quarter.

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    London Alternative Fashion Week

    Designers emphasized the importance of fashion meaning something during the current recession and suggested consumers will focus on uniqueness and affordability which is what they offer.

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    London Transport Troubles Feared

    With an extra three million journeys a day on London’s already crowded public transport system expected during the three weeks of the 2012 Olympics, London's commuters could have more to moan about.

  • Tower Bridge and City of London financial district
    Quitters Never Win Sponsorship Game

    Olympic sponsorship must be a long-term commitment and the cost will almost certainly outweigh the benefits if it is not partnered with "œactivation" or marketing activities such as the launch of a new product, experts say.

  • A detailed view of the prototype design of the new golden Olympic torch during its unveiling at St Pancras Station on June 8, 2011 in London, England. 8,000 torchbearers will carry the Olympic Flame around the UK during the 70-day relay, which starts at Land's End in Cornwall on May 19, 2012.
    Games Employ 40,000 in Construction

    Ten percent of the 40,000 construction workers employed for the 2012 Olympic Games were previously out of work, according to a report by the Olympic Development Authority (ODA).

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    Homeowners Cash In on Games

    London is home to some of the world's most opulent hotels, but with five-star rooms in short supply during the Olympic Games this summer; wealthy visitors are increasingly turning to private homes to meet their accommodation needs.

  • 2012 Olympic Rings Unveiled at St Pancras International Station
    Cyber Attack Top Threat for Olympics?

    Terrorists combining a cyber attack with physical violence are the biggest security threat facing the 2012 Olympics, a digital forensics expert told CNBC.

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    Olympics Under Budget: UK Minister

    Preparations for London’s 2012 Olympic Games remain on time and under budget, the UK’s Minister for Sport and the Olympics said in a quarterly report released on Tuesday, with more than 500 million pounds ($793 million) of contingency funds as yet untouched.

  • 2012 Olympic Rings Unveiled at St Pancras International Station
    Could Drought Hamper Olympics?

    Concerns have arisen about water supply and possible restrictions to water usage to the London region as the Olympics get underway this summer after the government declared the region was officially suffering from a drought.

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    Summer Olympics Earn Nike a "Buy"

    While the reaction to Nike’s third-quarter earnings were mixed, Sam Poser of Sterne Agee contends the Olympic summer games will send shares back up.

  • LONDON, ENGLAND - JULY 26: Aerial view of Wimbledon, home of AELTC which will host the Tennis events during the London 2012 Olympic Games on July 26, 2011 in London, England. (Photo by Tom Shaw/Getty Images)
    Will London's Olympics Leave a Lasting Legacy?

    When London won the bid to host Olympics seven years ago, the city promised that the Games would leave a legacy of the revitalization of historically underdeveloped East London as well as new sporting facilities. This promised legacy was an important part of the city’s bid.

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  • London is home to some of the world's most opulent hotels, but with five-star rooms in short supply during the Olympic Games this summer, wealthy visitors are increasingly turning to private homes to meet their accommodation needs.An estimated 500,000 extra visitors will travel to London for the Olympic Games this year, and with the majority of city's top hotels fully booked or charging extortionate rates for their very best rooms, renting a beautiful home in one of London's most desirable distr
    London’s Luxury Olympic Rentals

    London is home to some of the world's most opulent hotels, but wealthy visitors are increasingly turning to private homes to meet their accommodation needs. Here are some of the best.

  • Games Fuel Increase in Travel

    Bookings for travel to Britain around the time of the summer Olympics have jumped, helping to dispel fears many tourists would stay away during the Games, a study showed on Thursday.

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