Convinced that consumers are finally ready to shop online for Picassos in addition to Pez dispensers, Sotheby's and eBay are teaming up again. The NYT reports.» Read More
The British government will confirm proposals to raise the retirement age of up to six million public sector workers by six years on Friday from 60 to 66.
British finance minister George Osborne will use a major speech on Wednesday to throw his weight behind recommendations that banks' retail arms should be ring-fenced from their investment banking operations.
With little appetite for a change of course on Plan A, the team at the UK Treasury will be hoping for some luck on the economy over the next few months. But even if their luck dries up one economist believes there is room for manoeuver within Plan A.
The British Olympic team is perhaps the only one in the world that relies entirely on non-government sponsorship, but it is on track to have athletes competing in every Olympic sport at the London 2012 Games, Andy Hunt, chairman of the British Olympic Association told CNBC.
The UK’s Prime Minister, David Cameron, is coming under increasing pressure to reshuffle his cabinet just days after returning to work from a two-week break.
Only weeks ago, quantitative easing, the emergency policy of pumping money into the financial system to revive the economy, was considered firmly over. Now, amid a stream of gloomy data that has raised renewed fears of a double-dip recession in the UK, it could soon be back on the agenda, reported the FT.
Despite weak economic data a double dip recession is unlikely and investors should favor stocks over bonds, according to Chris Watling, the CEO of Longview Economics in London.
BP is to restart stalled talks with Russian state oil company Rosneft to sell part of its stake in TNK-BP, the Wall Street Journal reported citing people familiar with the situation.
The International Monetary Fund (IMF) has cut its growth forecast for the UK economy to 1.5 percent for 2011, but has said it continues to support the coalition government’s spending cuts.
The UK government will send a warning to unions Monday that it is prepared to change the law should it deem it necessary to avoid the threat of coordinated strikes.
Commodities will weaken in the short term as the Chinese economy starts to slow, but prices could once again move higher from this fall boosted by power constraints in China, Jim Lennon, head of commodities research at Macquarie Bank told CNBC on Monday.
There is no need for a “plan B” for the economy even if conditions change, senior Conservatives insisted on Sunday as Ed Balls renewed his attack on the government’s “reckless” deficit reduction program, reported the FT.
The UK's care homes system is under the microscope as Southern Cross, its biggest care homes company, teeters on the brink of collapse.
The latest numbers for UK manufacturing showed a continued weakening, prompting concerns that the economic recovery is likely to be more protracted than forecasts have suggested.
DP World, Dubai’s global port operator, began trading on the London Stock Exchange on Wednesday as the company seeks to tap into global liquidity.
The UK economy is set to experience the slowest pick-up in consumer spending of any post-recession period since 1830, according to a Financial Times analysis of official forecasts.
The prices of staple crops will more than double in 20 years, unless fundamental changes are made to the international food system, warns the international charity Oxfam.
British homebuilders and mortgage lenders are considering making it easier for first-time buyers to get the 95 percent mortgages which many believe contributed to the credit crisis, in a move that risks sparking a wave of criticism.
The Bank of England (BoE) was warned by the British Chambers of Commerce (BCC) on Monday that raising interest rates before November risked damaging the recovery of the UK economy.