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  • Proposed design for iCITY

    The media center at London’s Olympic site has moved one step closer to being transformed into a world-class technology hub with the potential to generate more than 4,000 jobs.

  • The Price of Sovereign Risk Tuesday, 17 Jul 2012 | 2:47 AM ET
    United Kingdom

    What did we think of European Commission President Jose Manuel Barroso’s comments last week on the UK and Europe?

  • US Is Building Criminal Cases in Rate Fixing Monday, 16 Jul 2012 | 6:04 AM ET
    Gavel

    As regulators ramp up their global investigation into the manipulation of interest rates, the Justice Department has identified potential criminal wrongdoing by big banks and individuals at the center of the scandal. The New York Times reports.

  • How Will the Libor Scandal Affect London? Friday, 13 Jul 2012 | 4:25 AM ET

    The Libor rate-rigging scandal has had an adverse effect on London’s reputation as a leading financial center, Mark Boleat, policy chairman at the City of London Corporation, told CNBC.

  • Europe’s Downturn Creates Unlikely Smugglers Thursday, 12 Jul 2012 | 2:20 AM ET
    Cigarettes

    For years, law enforcement officers and smugglers have played cat and mouse in Europe, where contraband cigarettes are stashed in everything from furniture shipments to loads of Christmas trees, the New York Times reports.

  • Britain's Tetrapak Heir Arrested in Wife's Death Wednesday, 11 Jul 2012 | 11:31 AM ET
    Hans and Eva Rausing

    Hans Kristian Rausing, who inherited a fortune made from drink containers, is being held in a death called "unexplained."

  • Have the Olympics Gotten Too Big? Wednesday, 11 Jul 2012 | 2:41 AM ET
    Tower Bridge and City of London financial district

    London residents today lost a bid to stop rooftop missile deployments. Many Britons are questioning Olympics they say are most notable for super-sized costs and security, the Christian Science Monitor reports.

  • Euroskeptics Set to Unveil List of Reforms Tuesday, 10 Jul 2012 | 2:26 AM ET
    St George's Flag & Houses of Parliament

    Conservative euroskeptics MPs are to unveil a lengthy shopping list of proposed reforms to the UK’s relationship with the EU as part of an attempt to return powers from Brussels, the Financial Times reports.

  • Bank Scandal Turns Spotlight to Regulators Tuesday, 10 Jul 2012 | 2:07 AM ET
    Wall Street sign

    As big banks face the fallout from a global investigation into interest rate manipulation, American and British lawmakers are scrutinizing regulators who failed to take action that might have prevented years of illegal activity, the New York Times reports.

  • Santelli: 'Euro Titanic' Hits the Iceberg Monday, 9 Jul 2012 | 11:30 AM ET
    Santelli: 'Euro Titanic' Hits the Iceberg

    Nigel Farage, UK Independence Party leader, discusses Europe's looming fiscal crisis, and the problems with bailouts, with CNBC's Rick Santelli.

  • Supply Chain Risks Still Loom: Expert Monday, 9 Jul 2012 | 7:58 AM ET
    airplane_trails_140.jpg

    The aeronautical industry is not experiencing a production bubble in the commercial sector, but supply will need to keep up with demand, David Baxt, Global Head of Aerospace and Defense at Jefferies, told CNBC.

  • Robert Diamond, CEO of Barclays.

    Former Barclays CEO Martin Taylor says he had asked Bob Diamond to stay on as head of Barclays Capital back in 1998 after the latter offered to resign following losses of hundreds of millions of pounds from Russia's debt default.

  • Farnborough: Spectacular Stunts, Impressive Orders? Monday, 9 Jul 2012 | 2:23 AM ET
    The F-16 is one of the world's most popular military aircraft, with the fighter jet sold to 24 countries, according to Lockheed-Martin. The US Air Force's F-16C pictured here was on display in the Department of Defense exhibition corral, where attendees had a chance to live out some fighter-pilot fantasies by getting a tour of the plane and the cockpit.The success of the F-16 contrasts with concerns about Lockheed's joint strike fighter program that has seen costs per plane balloon from early es

    Despite the United States’ dominance of the aerospace and defense industry, the UK’s biennial Farnborough air show, along with the Paris show, remains one of the biggest events on the calendar.

  • European Austerity May Clip Defense Sector Monday, 9 Jul 2012 | 2:19 AM ET
    european-union-flag-strom-clouds-140.jpg

    Defense manufacturers suffered a further blow on Wednesday as the UK became the latest European nation to announce military cutbacks as part of austerity measures.

  • Trade Group for Bankers Regulates a Key Rate Friday, 6 Jul 2012 | 2:35 AM ET
    Robert Diamond, CEO of Barclays.

    While it was big news when the Barclays chairman, Marcus Agius, resigned Monday over his bank’s role in the Libor rate-fixing scandal. Less noticed was his other resignation that same day, the New York Times reports.

  • Libor Criminal Investigations Will Happen: Diamond Wednesday, 4 Jul 2012 | 11:48 AM ET
    Robert Diamond, CEO of Barclays.

    Bob Diamond, the recently-departed chief executive of Barclays, told U.K. politicians that there would be criminal investigations into the manipulation of the London interbank offered rate (Libor) scandal which led to his resignation.

  • Prepare For ‘Battle Royale’ Over Libor Scandal Wednesday, 4 Jul 2012 | 7:24 AM ET
    bank_vault_200.jpg

    The rapidly developing row over manipulation of inter-bank lending rates is turning into a battle over the future of banks around the world, analysts and politicans have warned.

  • A woman leaves a branch of Barclays Bank in central London, Monday, April 23, 2007. ABN Amro NV and Barclays PLC announced Monday they have agreed to merge, in the largest cross-border combination in European banking history. (AP Photo/Sang Tan)

    Britain's growing interest rate-fixing scandal could claim yet another high-level victim: Paul Tucker, the man tipped to eventually become the next head of the Bank of England.

  • PM Mocked for 'Hokey-Cokey' Over Europe Tuesday, 3 Jul 2012 | 2:46 AM ET
    David Cameron

    David Cameron was accused on Monday of doing the “hokey-cokey” after he insisted he wanted Britain to stay in the EU but refused to rule out an in-out referendum if he was not able to negotiate a better deal with Brussels, the Financial Times reports.

  • Draghi Gets Powers to Rival Bernanke Tuesday, 3 Jul 2012 | 2:39 AM ET
    Mario Draghi

    The spotlight in the European debt crisis has now shifted decisively toward the influential leader of the European Central Bank, Mario Draghi, who emerged from the recent summit meeting in Brussels with new powers and stronger backing to address the Continent’s financial woes. The New York Times reports.