Dieter Zetsche, chair of Daimler, talks about the firm's new vehicles and how Daimler's sales are improving in certain markets.» Read More
Another batch of the riskiest mortgage-backed securities once owned by the American International Group are being auctioned off this week, according to two people familiar with the matter, a sale that would bring the insurance giant’s 2008 meltdown once step closer to a resolution.
Stephen Hester has revealed that the dramatic restructuring of Royal Bank of Scotland has cost 38 billion pounds ($60.5 billion) in a rallying memo to staff days after the embattled chief executive waived a 1 million pounds bonus, the Financial Times reports.
Terrorists combining a cyber attack with physical violence are the biggest security threat facing the 2012 Olympics, a digital forensics expert told CNBC.
Iran has indicated that its threat to cut oil supplies to European states in order to pre-empt a European Union oil embargo that comes into effect in July may be only a symbolic one.
London is home to some of the world's most opulent hotels, but with five-star rooms in short supply during the Olympic Games this summer; wealthy visitors are increasingly turning to private homes to meet their accommodation needs.
Britain's dominant services sector expanded at the fastest pace in 10 months in January and firms grew much more optimistic, a survey showed on Friday, crowning a raft of data this week that raised hopes the economy may avoid recession.
Herbert Hoover, you were right. That is the consensus of all right-thinking people on UK fiscal policy, writes Martin Wolf in the FT.
Four British men pleaded guilty on Wednesday to involvement in an al-Qaida inspired plot to bomb the London Stock Exchange.
As bonus season in the City of London gets underway in earnest next week the first of the UK’s major banks, Royal Bank of Scotland (RBS), announced the bonus package for its chief executive Stephen Hester on Thursday evening and immediately came in for criticism.
Lord Nicholas Stern of the London School of Economics didn't equivocate about his feelings on austerity in the United Kingdom when he spoke with CNBC on Thursday: It has not worked.
The British economy shrank by 0.2 percent in the final quarter of 2011, taking the annual growth figure for 2011 down to 0.8 percent, official figures published on Wednesday showed, adding to fears the economy is falling into a double - dip recession.
The governor of the Bank of England said he would be willing to implement further rounds of asset purchases – also known as quantitative easing - in an effort to rebalance the UK economy and issued a stark warning to the financial sector ahead of bonus season in the City of London.
Hedge funds have been known to use hardball tactics to make money. Now they have come up with a new one: suing Greece in a human rights court to make good on its bond payments.
David Cameron’s pledge to curb executive pay and stop “rewards for failure” is set to face its biggest test, as Royal Bank of Scotland prepares to offer a bonus of more than £1 million ($1.54 million) to its chief executive, even though the state-controlled bank’s share price has almost halved in a year, the Financial Times reports.
Investors are bracing for a return to volatility when markets in the United States reopen on Tuesday, the New York Times reports.
The United Kingdom will retain its triple-A credit rating this year thanks to the Bank of England’s policy of quantitative easing and demand for UK gilts, City-based analysts told CNBC.
British traders and executives are facing a disappointing bonus season – just as politicians are putting renewed pressure on the bonus culture and executive pay.
The United Kingdom is likely already back in recession and may see unemployment approach three million before the end of the year, economic think tank the Ernst & Young Item Club forecast on Monday.
As Europe’s debt turmoil enters its third year, no clear solutions are yet in sight — despite recent signs that a new lending program by the European Central Bank might be easing pressures.
The UK’s fraud investigator intends to confiscate shareholder dividends paid by companies convicted of criminal offences, after it won approval for a landmark court action, the Financial Times reports.