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A legal battle over alleged computer hacking of a US marketing company by a News Corp subsidiary has been referred to US authorities by a senior lawmaker, the FT reports.
George Osborne has urged euro zone leaders to “get a grip” on the sovereign debt crisis at their summit today, warning that failure to do so could unleash an economic crisis as serious as the recession that followed the banking crash of 2008.
Market analysts forecasting the demise of the euro and the break-up of the European Union are doing so on fundamentally flawed assumptions about European integration, economists and policy experts told CNBC.com.
David Cameron told the British parliament of his regrets over hiring former News Corp employee Andy Coulson, who was arrested over phone-hacking allegations.
An influential committee of British lawmakers has condemned News International's actions on phone hacking and accused News Corp's British newspaper wing of trying to "deliberately thwart" the police investigation into the initial allegations.
The Bank of England's Monetary Policy Committee judged that recent economic weakness had reduced the chance that interest rates would need to rise in the near term, minutes to the BoE's July meeting showed on Wednesday.
UK consumers are increasingly turning to short-term credit services from online providers. The entrepreneurs behind these businesses say that they represent the evolution of a lending market that has stopped listening to its customers.
Discussing whether News Corp could be liable under the Corrupt Foreign Practices Act in the United States, with CNBC's David Faber, Carl Quintanilla & Melissa Lee.
Rupert Murdoch, his son James and Rebekah Brooks, the former News of the World editor who used to run their British newspaper empire News International, face grilling by a committee of MPs later on Tuesday.
"This is the most humble day of my life," says Rupert Murdoch, News Corp chairman/CEO, as he and his son, James Murdoch, News Corp deputy COO face questions from Parliament.
he News of the World phone hacking scandal heaped further pressure on the British Prime Minister, David Cameron, on Monday as more questions were raised about his appointment of the paper's former editor Andy Coulson as his director of communications.
“Bury your mistakes,” Rupert Murdoch is fond of saying. But some mistakes don’t stay buried, no matter how much money you throw at them, the New York Times reports.
The UK's economy will grow by just 1.4 percent this year, less than expected, according to the influential Ernst & Young ITEM Club report, released on Monday.
At best, former Scotland Yard senior officers acknowledged in interviews, the police have been lazy, incompetent and too cozy with the people they should have regarded as suspects. The New York Times reports.
Eight banks, including two Greek banks, five Spanish and one Austrian bank have failed the European Banking Authority stress tests, the agency said on Friday.
The results of the banking stress tests, due on Friday after the close of European markets, will be worst for German and Spanish banks, analyst Ralph Silva of SRN told CNBC Friday.
Worldwide stocks could lose 35 percent of their value if the euro zone sovereign debt crisis worsens, according to research from Deutsche Bank.
European banking stress tests will be a missed opportunity for policymakers to reassure markets unless they come down heavily on undercapitalized banks, analysts and investors told CNBC.com.
Rupert Murdoch, fighting to bring under control a crisis that has cost him a $12 billion deal, is unlikely to rush into the sale of the newspaper business at the heart of the hacking uproar in Britain.
The Irish economic recovery has been held back by credit ratings agency Moody's downgrading its rating to junk status, Minister for Jobs, Enterprise and Innovation Richard Bruton said Wednesday.