Jamie Jenkins, labor market analyst at ONS and Laura Gardiner, senior research and policy analyst at Resolution Foundation, discuss the rise of self-employment in the U.K. and the implications for the economy.» Read More
Major defense and aerospace companies are aware that an inflection point has been reached with the U.S. military budget and costs can not keep climbing, a senior Pentagon official said Monday.
Investors fretted about possible seepage from BP's capped Gulf of Mexico well on Monday and speculation grew about assets the company may sell to pay multibillion dollar costs for its oil spill.
Anyone attending the Farnborough International Airshow may want to consider some type of protective gear. It's not so overcrowded that you can't move. It's just that nobody looks where they're going. They look up.
Boeing and Airbus are both readying their most technologically advanced aircraft yet: Boeing’s 787 Dreamliner and Airbus’s A350XWB.
BP said Sunday its new cap has stopped the oil that has gushed into the Gulf of Mexico for three months and hopes to keep it that way until a relief well can permanently seal the leak next month.
As many flocked to South Africa for the excitement of the World Cup, the UK's multicultural capital was also a non-stop party for the world's biggest sporting event.
Committee members at the Bank of England and some economists have been puzzled by persistently high inflation in Britain, causing some concerns that the country’s recovery might stagnate. The New York Times reports.
The Bank of England has made nearly $15 billion in paper profits by buying UK government bonds as part of emergency efforts to pump money into the British economy, the FT reports.
Investors are braced for a clear-out of BP’s leadership once its leaking oil well in the Gulf of Mexico is capped, the Financial Times reports.
Sovereign. Quid. Sterling. Pound. No matter the name, past or present, the pound has been the United Kingdom currency since Anglo-Saxon times. Yet the coin used today has only been around since 1983. And this year, the Royal Mint will release two new versions of the coin.
As Europe’s major economies focus on belt-tightening, they are following the path of Ireland. But the once thriving nation is struggling, with no sign of a rapid turnaround in sight. The NYT reports.
Even with the best global economic conditions, a balanced equity portfolio that excludes banks is unlikely to yield much more than 6 percent in annualized gains, according to some market experts.
Guess what? The funniest thing happened in Europe on Thursday. A new country joined (yes, joined) the euro zone. And the mood here was upbeat. Estonia will begin using the euro on Jan. 1.
If you’re hoping for great bank earnings, don’t hold your breath. We’re hearing estimates are on their way down - and we mean way down.
In our continuing Trader Icon series, we take an in-depth look at George Soros, the man some say saved the British from the euro.
For years, almost nobody paid attention to the sky-is-falling alarms of Edward Hugh, a gregarious British blogger and self-taught economist who repeatedly predicted that the euro zone could not survive. The NYT reports.
For now, the US is the biggest beneficiary of the global financial crisis as its sovereign debt is a perceived safe haven. However, the US is running budget deficits on the scale of Greece and issuing massive amounts of new debt.
If the European Central Bank has one monetary dragon it considers essential to slay, it is inflation.
American industries of all kinds—from travel and telecom to construction and energy—would be poised to profit if the 52-year trade embargo with Cuba were lifted. Among the first businesses to cash in would be those involved with tourism, most experts agree.
The latest stock selloff has really been a readjustment on forecasts of global economic growth.