CNBC's Catherine Boyle reports on the Labour party's election campaign in the U.K., talking to to Shadow Health Secretary Andy Burnham about the National Health Service.» Read More
UK banks were faced with further damage to their revenues and reputations Friday after the UK financial regulator announced that they would have to pay compensations to customers over mis-selling of interest rate swaps.
Property tycoon Vincent Tchenguiz insists he will bounce back following the decision by the UK’s Serious Fraud Office to drop charges against him in relation to the collapse of Kaupthing Bank.
On June 26 1997, Harry Potter and the Philosopher’s Stone was first published by Bloomsbury Publishing, with an initial run of only 500 copies in hardcover. On the 15th anniversary of that date, Nigel Newton, the CEO and founder of Bloomsbury published called Harry Potter "transformative" for the company.
Wealthy investors including Sir Alex Ferguson, Sven-Göran Eriksson and a host of sports stars and City figures could be liable for huge individual tax bills after an attempt to reduce their liabilities backfired. The Financial Times reports.
The French President is determined to show the French that he is willing to stand up to Berlin, to push the German Chancellor to contribute even more than before toward a lasting solution of the euro mess. The New York Times reports.
The Bank of England is on the verge of approving another round of monetary stimulus, with Governor Mervyn King supporting an extra 50 billion pounds ($78.5 biillion) of gilt purchases, minutes to its June 6-7 policy meeting showed on Wednesday.
US lawmakers and regulators have attacked London as a source of financial crises and promised tougher crossborder rules in the wake of $2 billion of trading losses at the UK unit of JPMorgan Chase., the FT reports.
WikiLeaks' founder Julian Assange has taken refuge in Ecuador's embassy in London and asked for asylum, officials said on Tuesday, in a last-ditch bid to avoid extradition to Sweden over sex crime accusations.
The head of the European Central Bank and other euro zone leaders worked on Saturday on a grand vision for the euro zone meant to reassure investors and allies that flaws in the currency union will be addressed quickly.
The former long-standing UK prime minister, Tony Blair, a self-professed pro-European, said the risk of unrest applied to Europe as a whole, the Financial Times reports.
The UK economy is in recession. The euro zone remains in crisis. The European Union is the UK’s biggest trading partner. To what extent are euro zone troubles dragging the UK down with them?
British prime minister David Cameron faces the prospect of appearing for a full day at the Leveson Inquiry into press standards and ethics on Thursday, rounding off a week in which the elite of British politics will have given evidence into their dealings with the media.
The following collection shows dazzling outdoor pools, including one belonging to a famous actor/producer, pools with views of oceans and nature, and a few fabulous indoor examples.
As Europe works to prop up Spain’s wobbling banks, its leaders still face a problem that plagues the Continent’s increasingly vulnerable financial institutions — a longstanding addiction to the borrowed money that provides the day-to-day financing they need to survive.
David Cameron will tell Angela Merkel on Thursday that she needs to act now to bring the eurozone back from the brink of disaster – a message likely to stoke irritation in Berlin and other eurozone capitals, the Finanical Times reports.
The bargaining has begun over a deal to rescue Spain’s ailing banks, confronting Europe with urgent choices about whether to try to enforce onerous bailout terms on Madrid as the crisis spreads to the region’s largest economies. The NYT reports.
As European leaders grapple with how to preserve their monetary union, Greece is rapidly running out of money, the New York Times reports.
The outlook for the UK’s economy has steadily worsened, giving the members of the Bank of England’s Monetary Policy Committee (MPC) plenty to chew on when they meet Wednesday and Thursday.
The UK economy will recover somewhat this year and the next, but the situation in the euro zone has big effects on it, Spencer Dale, a member of the Monetary Policy Committee and chief economist at the Bank of England, told CNBC in an interview on Wednesday.
The European bailout of 130 billion euros ($163.4 billion) that was supposed to buy time for Greece is mainly servicing only the interest on the country’s debt — while the Greek economy continues to struggle, the New York Times reports.