U.K. university leavers face a double boon this summer, with both graduate vacancies and wages seen up on last year.» Read More
A move announced by central bankers on Wednesday to contain the European debt crisis resulted in euphoria in global stock markets, but it also prompted skeptics to wonder: will this time be different? The New York Times reports.
In a stern pronouncement, Moody’s Investors Service this week warned of rising prospects for multiple defaults by countries in the euro zone and credit rating downgrades of nations across Europe if leaders should fail to resolve the spreading debt crisis. The NYT reports.
NBC's Ali Arouzi has the latest details on protesters storming the British Embassy in Tehran because of sanctions imposed by Britain on Iran's nuclear program, and discussing the likely outcome from this latest attack, with Gen. Wesley Clark, U.S. Army (retired); Ken Timmerman, Foundation for Democracy in Iran; and Marc Ginsberg, former U.S. ambassador to Morocco.
About $200 million in customer money that vanished from MF Global is believed to have surfaced at JPMorgan Chase in Britain, according to people briefed on the matter. The New York Times reports.
Ben Broadbent, member of the Bank of England's Monetary Policy Committee, told CNBC, " it is true that there are still significant parts of the economy that are constrained by a lack of supply of credit from the banking system."
There is clearly a risk that the UK will head into recession in the final quarter of the year, the Bank of England's Monetary Policy Committee member Ben Broadbent told CNBC Thursday.
UK inflation, currently at 5 percent, is hitting those aged between 45 and 65 known as the baby boomer generation hardest, a new report has found.
It is perfectly obvious that the euro zone cannot run as it is without fiscal union and a surrender of sovereignty, Lord Digby Jones, former director general at the Confederation of British Industry told CNBC Monday.
Lord Digby Jones, former director general of the CBI, told CNBC, "Where is the sense in passing laws which say, if you work more than forty eight hours a week we will send you to prison."
As the European debt crisis threatens to engulf even France along with Italy and Spain, Bernard Connolly's longstanding proposition that a common currency for the region would end in ruin is getting a wider hearing.
Occupy London Stock Exchange demonstrators announced on Friday they had “repossessed” a building belonging to Swiss investment bank UBS in Hackney East London.
As investors’ fears mount that many euro area nations are about to tip into recession, even countries like creditworthy France are finding it much more expensive to borrow money in the open market, the New York Times reports.
Brian Hilliard, chief UK economist at SG,Societe Generale, told CNBC, "I think we have reached a peak in inflation and we will see a very sharp fall next year partly because of VAT falling out of the calculation and partly because it is going to be weak." He predicted growth next year to be as low as 0.7%.
German frustration over Britain’s approach to the euro zone crisis erupted on Tuesday after a close ally of Angela Merkel accused the UK of selfishness just days before a meeting between the two countries’ leaders in Berlin, the FT reports.
The City of London Corporation - the executive body representing the district in the UK’s capital - has re-launched its legal bid to evict protestors who have been encamped around St Paul’s Cathedral since October 15 after saying that negotiations with the protestors had collapsed.
Young people struggling to find a job should consider starting their own businesses, Barclays Capital co-CEO, Rich Ricci, told CNBC last week.
Workers claiming state help with childcare and housing costs will be expected to seek longer hours, or risk sanctions that could include loss of benefits or a requirement to undergo training, in a radical shift in Britain’s welfare system, the Financial Times reports.
As the bets that European banks made on United States mortgage investments went bust a few years ago, bankers piled into what they saw as a safe refuge: bonds issued by countries in Europe’s seemingly ironclad monetary union. The NYT reports.
Europe’s banking sector is ready for a shake-up as its largest financial institutions try to slim down their operations in response to the sovereign debt crisis. The NY Times repeorts.
James Murdoch repeatedly insisted in front of British MPs Thursday that he did not know that phone-hacking at the News of the World went beyond a few rogue reporters.