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  • ‘Financial Amnesia’ a Factor Behind Crisis Wednesday, 28 Dec 2011 | 2:33 AM ET
    Credit Crisis

    Fund managers and financial advisers should be forced to study financial history to reduce the likelihood of future market panics and crashes, according to a leading trade body for investment professionals. The Financial Times reports

  • Games Employ 40,000 in Construction Wednesday, 28 Dec 2011 | 1:33 AM ET
    A detailed view of the prototype design of the new golden Olympic torch during its unveiling at St Pancras Station on June 8, 2011 in London, England. 8,000 torchbearers will carry the Olympic Flame around the UK during the 70-day relay, which starts at Land's End in Cornwall on May 19, 2012.

    Ten percent of the 40,000 construction workers employed for the 2012 Olympic Games were previously out of work, according to a report by the Olympic Development Authority (ODA).

  • In Europe, Juggling Image and Capital Friday, 23 Dec 2011 | 5:30 AM ET
    European Central Bank

    Stung by souring loans and troubled government bond portfolios, many European banks are being forced by regulators to raise money to build up their cash cushions against future losses.

  • UK Calls Time on RBS’s Global Ambitions Tuesday, 20 Dec 2011 | 3:49 AM ET
    George Osborne

    George Osborne has called time on Royal Bank of Scotland’s ambitions to be a force in global investment banking, as the chancellor backed sweeping reforms to ensure taxpayers never again have to rescue the banks. The FT reports.

  • Trans-Channel Dog Fight: Enough Is Enough Monday, 19 Dec 2011 | 10:22 AM ET
    panic-button-200.jpg

    The brawl has made for cracking entertainment. It's been a super-fun read. But it's time for government officials in the United Kingdom and France to shut their traps and get their heads back into the game of saving the euro zone's economy.

  • Investors Should Avoid Sovereign Bonds: Report Monday, 19 Dec 2011 | 8:51 AM ET
    Interest rates

    Japan, the US and the UK will retain zero interest rates policies until at least early 2014, according to a December report by Swedish bank SEB.

  • Email Adds Fuel to Murdoch Hacking Accusations Wednesday, 14 Dec 2011 | 10:01 AM ET
    James Murdoch speaking in front of Parliament

    Rupert Murdoch’s son James received and responded to e-mail messages in 2008 that referred to “a nightmare scenario” of legal repercussions from widespread phone hacking at the tabloid The News of the World, the NYT reports.

  • Top Earners Not So Lofty in the Days of Recession Tuesday, 13 Dec 2011 | 5:14 AM ET
    Manhattan skyline

    Hold the condolence cards, but the recession cost the rich. The share of income received by the top 1 percent — that potent symbol of inequality — dropped to 17 percent in 2009 from 23 percent in 2007, according to federal tax data. The New York Times reports.

  • 'The Right Answer Was No Treaty': David Cameron Monday, 12 Dec 2011 | 11:41 AM ET
    David Cameron

    UK Prime Minister David Cameron on Monday defended his decision to veto European Union treaty changes at last week's summit of EU leaders, saying he was faced with a choice of treaty change without safeguards for Britain, or no treaty.  

  • Euro Zone Agrees to Follow the Original Rules Saturday, 10 Dec 2011 | 10:43 AM ET
    Angela Merkel and Nicolas Sarkozy

    In the fiscal accord, the nations that use the euro essentially agreed to go back to Plan A — that is, the principles and rules with which they created their common currency two decades ago.

  • UK Was Right to Say No to Treaty: Analysts Friday, 9 Dec 2011 | 5:52 AM ET
    David Cameron

    The UK had no choice but to opt out of further treaty changes and did the right thing by exercising its veto, analysts told CNBC Friday.

  • Goldman Sachs

    A solicitor employed at UK internal revenue service, HM Revenue and Customs (HMRC) is facing disciplinary action, which could include being fired from his position, and possible legal action for blowing the whistle on a deal which saw Goldman Sachs being let off from paying $15.6 million in tax, according to British newspaper The Guardian.

  • Merkel’s Path: Brinkmanship for Debt Crisis Wednesday, 7 Dec 2011 | 10:28 AM ET
    German Chancellor Angela Merkel

    What may have seemed like timid or even bumbling leadership is looking more like a consistent strategy of brinkmanship aimed at remaking the euro zone in Germany’s likeness.  The New York Times reports.

  • How a Break-Up of the Euro Zone Could Crush the UK Wednesday, 7 Dec 2011 | 3:03 AM ET
    Big Ben

    A break-up of the single European currency would have severe consequences on the UK economy, with unemployment pushing above 4 million, the pound appreciating sharply and major banks failing, analysts at ING wrote in a market note.

  • With a Little Help, East London Embraces Tech Tuesday, 6 Dec 2011 | 11:36 AM ET
    Tower Bridge and City of London financial district

    When Eventbrite, a start-up based in San Francisco that sells tickets online, decided to open its first international office, the founders turned to the East End of London. The New York Times reports.

  • Banks Act, Stocks Surge and Skeptics See a Pattern Thursday, 1 Dec 2011 | 7:41 AM ET
    Traders work on the floor of the London Metal Exchange in London, U.K., on Friday, Aug. 5, 2011. Stocks dropped for an eighth day, the longest losing streak since January 2010, and commodities declined on concern the U.S. recovery is faltering. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

    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.

  • Ratings Firm Misread Signs of Greek Woes Wednesday, 30 Nov 2011 | 4:31 AM ET
    greece_flag_cracked_200.jpg

    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.

  • MF Global Money Found in Britain? Tuesday, 29 Nov 2011 | 7:01 AM ET
    MF Global

    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.

  • Clear Risk of a Recession in the UK: Broadbent Friday, 25 Nov 2011 | 1:30 AM ET
    Clear Risk of a Recession in the UK:  Broadbent

    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."

  • Clearly Risk of Recession in UK: BoE's Broadbent Thursday, 24 Nov 2011 | 6:32 AM ET
    BOE_buses_200.jpg

    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.