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  • 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 Worry About Seepage at Capped BP Well Monday, 19 Jul 2010 | 11:55 AM ET

    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.

  • Farnborough Scene: Don't Look Down Monday, 19 Jul 2010 | 11:45 AM ET

    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, Airbus and the Battle of Farnborough Sunday, 18 Jul 2010 | 6:10 PM ET
    Boeing and Airbus

    Boeing and Airbus are both readying their most technologically advanced aircraft yet: Boeing’s 787 Dreamliner and Airbus’s A350XWB.

  • BP Hopes to Keep Blown Well Capped, but US Cautious Sunday, 18 Jul 2010 | 3:26 PM ET

    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.

  • Watching the World Cup in Soccer's Home Monday, 12 Jul 2010 | 8:53 AM ET

    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.

  • Britain’s Inflation Pain Poses Risk for Recovery Wednesday, 7 Jul 2010 | 11:34 AM ET
    Marks & Spencer

    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.

  • Bank of England Makes $15 Billion Buying UK Bonds Wednesday, 7 Jul 2010 | 5:58 AM ET

    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.

  • BP Prepares for Shakeup at the Top Saturday, 3 Jul 2010 | 11:02 AM ET

    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.

  • UK History, One Pound Coin at a Time Thursday, 1 Jul 2010 | 5:08 AM ET

    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.

  • In Ireland, a Picture of the High Cost of Austerity Tuesday, 29 Jun 2010 | 10:38 AM ET

    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.

  • Three Scenarios: Doomsday, Limbo or Revival Monday, 21 Jun 2010 | 3:42 AM ET

    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.

  • What Crisis? The Euro Zone Adds Estonia Friday, 18 Jun 2010 | 6:26 AM ET
    Estonia

    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.

  • First On Fast: Big Bank Estimates Coming Down 10% Wednesday, 16 Jun 2010 | 5:41 PM ET

    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.

  • Web Extra Trading Icon: George Soros Wednesday, 9 Jun 2010 | 6:04 PM ET

    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.

  • The Blog Prophet of Euro Zone Doom Wednesday, 9 Jun 2010 | 11:54 AM ET
    Edward Hugh

    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.

  • Busch: UK Plans, US Promises Tuesday, 8 Jun 2010 | 10:08 AM ET

    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.

  • Fears Rise in Europe Over Potential Deflation Monday, 31 May 2010 | 10:54 AM ET

    If the European Central Bank has one monetary dragon it considers essential to slay, it is inflation.

  • American Businesses Hoping to Cash In On Cuba Wednesday, 26 May 2010 | 1:03 PM ET
    The Cuban flag flying in Park Central in Havana.

    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.

  • All Well with the UK, if You Discount Asia Monday, 24 May 2010 | 6:01 AM ET

    The latest stock selloff has really been a readjustment on forecasts of global economic growth.