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 worst outcome for the UK election – a hung parliament – has already been priced in, and some analysts forecast the pound could appreciate by up to 15 percent after the May 6 vote.
In one of the most stunning turnarounds in British election history, the UK's third party, the Liberal Democrats, now lead opinion polls just two and a half weeks before we go to the vote.
With airports on lock-down due to the massive cloud of soot thrown up by an Icelandic volcano, Britain this morning woke up to headlines hailing Nick Clegg, the leader of the UK’s third party the Liberal Democrats, as the winner of the first US-style TV debate in history.
UK Prime Minister Gordon Brown told British voters Wednesday night that he was sorry for not imposing stiffer regulations on the City of London and banking industry in the UK when he was Chancellor of the Exchequer.
With opinion polls so tight, the three US-style TV debates, which will happen every Thursday until the UK goes to the polls, will be important. Whether they will be a game changer is open to question though.
Tower 42, the tallest occupied skyscraper in the City, will be put up for sale as booming prices return to London’s commercial property market.
More consolidation is on the way in the airline industry, Willie Walsh, the CEO of BA, told CNBC Thursday, as British Airways and Iberia confirmed their long-awaited merger.
David Cameron is struggling to convince a group of his own party election candidates of the merits of key Conservative policies.
It is in the interests of all parties to support a strong financial services sector, one that can provide the lending required by businesses and individuals to drive the economic recovery forward.
A new UK government should make dealing with the budget deficit and cutting spending its main priority immediately after the election, a CNBC survey of 300 business leaders showed Tuesday.
Doing business in India is more difficult than doing it in China, despite the recent spate of conflicts between Western companies and the Chinese authorities, Lord Peter Levene, chairman of Lloyd's Of London, told CNBC Wednesday.
Sterling is undervalued against the euro. Just about every trading desk that I talk to seems to think so. However, very few of them tell me that they will be willing to back the pound until the general election is over.
The Bank of England is not expecting a double dip recession for the global economy despite some risk signals, policy maker Andrew Sentance told CNBC.
Public sector debt in the United Kingdom climbed above 60 percent of GDP in February as government agencies borrowed another 12.4 billion pounds ($19 billion), the Office for National Statistics said Thursday.
The London Olympics lacks a clear co-ordination plan to ensure the various bodies responsible for a successful 2012 Games know what each other are doing, according to a report published on February 25 by the government’s finance watchdog.
London and New York share the top place in a ranking of financial centers around the world published Friday, followed by Hong Kong and Singapore.
A big fire in London's financial district was brought under control about seven hours after it was first reported Thursday, but 50 firefighters are still at the scene in East London, a London Fire Brigade spokesman said.
Markets generally remain way too optimistic over the economic recovery, but the UK has the potential for the biggest disappointment with the pound set to slide as low as $1.31 by year end, Hans Redeker, global head of foreign exchange at BNP Paribas, said Tuesday.
While it definitely is too early to refer to the pound as plummeting, it is not too early to start thinking about the unwanted effects of the pound's volatility.
Standard Chartered, the UK-listed, Asian-focused banking group unveiled a full-year profit of more than $5 billion and said it was to pay bonuses totaling $1.1 billion.