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The UK officially entered a double-dip recession during the first three months of the year, figures released on Wednesday showed, but budget businesses in the country aren't complaining.
The News Corporation chief said Wednesday he wished to dispel some “myths,” a day after newly released e-mails pointed to ties between his media empire and the British culture minister.
The government and the Bank of England have few options left in terms of policy responses to combat the second recession to hit the UK in four years, analysts have told CNBC.com.
Latest figures of the UK’s net public borrowing were in line with forecasts and suggest the UK is making good progress in tackling its high deficit, Professor Andrew Sentance, former Bank of England Monetary Policy Committee (MPC) external member and senior economic adviser at PwC told CNBC Tuesday.
James and Rupert Murdoch will be back in the eye of the storm this week as they appear in front of the Leveson Inquiry in the UK.
A lawyer representing the bulk of claimants in the hacking case against News Corp.'s UK newspaper business said the UK company, News International, faces 46 more civil lawsuits in British courts, the Wall Street Journal reported on Friday.
London’s economy is now significantly decoupled from the rest of the UK as a result of a combination of private industry, employment trends, personal finance and the strength of the housing market, according to a venture capital expert.
A British member of parliament who was part of an influential committee investigating phone-hacking by subsidiaries of News Corp has alleged in a new book that the company's New of the World newspaper investigated MPs on that committee in an attempt to gain details on their private lives.
With 100 days to go until the 2012 Olympic Games begin in London, the government is confident the Games will provide a long-term economic boost, the UK minister for sport and the Olympics told CNBC.
The London-based daily paper the Times, part of News Corp's UK-based News International, has been sued by detective Richard Horton, whom the paper had exposed as the author of an anonymous police blog by hacking into his email, Horton's lawyer told CNBC.com on Friday.
Directors often dole out personal safety perks to ease a chief executive’s tax bill. By classifying the benefits as security measures, the executives typically get a better tax treatment on the services. It’s a common corporate tax trick. The New York Times reports.
Most of London's most exclusive hotels have been booked for the Olympics, snapped up by Olympic officials or companies block-booking rooms for favored customers, but there are still amazing places to stay. If you can afford the bill.
The end of the world is getting to be quite popular. Where would you go to "bug out?" Check out some stylish and genteel ways to hide from to possible future widespread problems.
Anyone expecting the Bank of England to make a move on interest rate or monetary easing policy this month is guaranteed to be disappointed, economists have told CNBC.com
When Lehman Brothers collapsed at the height of the financial crisis, JPMorgan Chase was at the center of the storm. The bank was a major lender to the firm, which filed the biggest bankruptcy in United States history. The NYT reports.
With people panic-buying gasoline, protests against taxes on cheap hot lunches, and worse-than-expected economic data, the mood in the UK seems to be turning from the cautious optimism of early 2012.
Plans by the chancellor to take £10 billion a year, or almost £1 in £20, out of the welfare budget are being openly resisted by the department for work and pensions in the first sign of government infighting over the coming spending round.
Buying a castle is not as unusual as you might think. Check out the following castle homes that are for sale or rent in Britain.
Mitt Romney sought to use the coveted endorsement of Jeb Bush on Wednesday to amplify his call for Republicans to rally behind his candidacy and get on with the mission of ousting President Obama. The NYT reports.
Scotland’s centuries-old struggle with the "Auld Enemy"– England–is reaching a new chapter with renewed push for full Scottish independence.