Two centuries ago, London bore witness to one of history's most bizarre events: an explosion at a brewery unleashed a tidal wave of beer.» Read More
Did a misunderstanding over a fictional series of articles in Le Monde contribute to a mysterious sell-off in French bank stocks last week? The New York Times investigates.
After the turbulence of the summer, there has been plenty of speculation about whether Western economies may suffer a double dip into recession after recovering from the downturn of 2008-09.
Asking prices for residential property in England and Wales showed their first year-on-year fall since September 2009, property marketing company Rightmove said on Monday.
"The problems in the European markets are based on a lack of clarity and a lack of a long term solution," Gemma Godfrey, head of research at Credo Capital told CNBC. "Things are getting a lot worse......the ECB is using debt to solve a problem of debt," she added.
London-based hedge fund Derwent Capital Markets, dubbed “The Twitter Fund” because it uses tweets to help it predict market activity, turned in positive returns in its first official month of trading.
A 15-day short selling ban , which will be implemented on Friday morning across several European countries, has attracted opprobrium from market participants, who see the restrictions as a superficial move that will do little to solve the underlying problems of the euro zone and stop market turbulence.
U.K. finance minister George Osborne has called upon his euro zone peers to do whatever it takes to ensure stability, indicating the British government would back a so-called euro bond to avoid a disastrous break up of the euro.
David Cameron condemned the recent riots in the UK as Parliament was recalled from its summer recess on Thursday, telling MPs in the House of Commons that the violence was "not about politics or protest."
Police appear to have brought under control the rioting and looting that gripped the UK on the fifth night since violence flared up in the North London borough of Tottenham on Saturday and spread like fire across the country, but politicians and society at large are struggling to grasp the economic and social root causes of the unrest.
The Bank of England (BoE) cut its 2011 GDP growth forecast for the UK for the seventh time since the end of the recession on Wednesday as more weak economic figures suggested the economy was struggling to maintain momentum.
The insured costs of the riots that have rocked the United Kingdom for four days look set to exceed 100 million pounds ($163 million), according to early estimates from the Association of British Insurers (ABI).
London's streets were quiet Tuesday night after three nights of rioting, but police battled with looters in several other UK cities, including Manchester, Liverpool, Nottingham and Birmingham as the country's violent unrest continued for a fourth night.
Central London's police cells are full to the brim as more than 200 people were arrested on a third night of disorder in the U.K.'s capital. Some 16,000 police officers will hit the city's streets Tuesday night, as the government tries to stem the rising tide of violence.
August is famously the month when most of Europe hits the beach. Markets are quiet, parliaments are closed, and very little happens.
Following weak growth in the second quarter due to a number of one-off effects such as the UK royal wedding and the tsunami disaster in Japan, the UK economy can be described as fragile at best.
Even as Standard & Poor's continued to issue ratings downgrades in the wake of its downgrade of the US, rival ratings agency Moody's reaffirmed the country's AAA status.
Now that Standard & Poor's has done the unthinkable, you need to know who might take the next ratings hit. Here's the list, and how to trade it.
The UK, with its high level of public debt, low growth, closeness to the US and reliance on financial services, was once viewed as one of the European economies most in danger of a double-dip recession.
Germany is showing more commitment to the resolution of the euro zone debt crisis, and is likely to expect even greater influence on the fiscal discipline of its neighbors in return, analysts told CNBC.
Over the last month, many Americans watched from a distance in horror or amusement as it became evident that the News Corporation regarded Britain’s legal and political institutions as its own private club.