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These 10 U.K. entrepreneurs went from minor start-ups to globally recognized brands.
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Nat Rothschild, Co-founder of Bumi stepped up the bitter battle for control of the Indonesia-focused miner, attacking both the board for its inaction and CEO Nick von Schirnding for "embellishing his CV." |
There is a new twist in the London Whale trading scandal that cost JPMorgan Chase $6.2 billion in trading losses last year. Some of the firm's own traders bet against the very derivatives positions placed by its chief investment office, said three people familiar with the matter. |
Brace yourself for a costlier latte. Coffee leaf rust - a fungus-borne disease devastating to plantations - has returned to plague crops in Central America, a region supplying 14 percent of the world's global production. |
There are hardly any jobs, generally low wages and it rains all the time: Not the usual picture that a country wants to portray of its culture or economy. However, U.K politicians are considering launching a negative publicity campaign in Eastern Europe to deter potential migrants from coming to the U.K. in search of jobs. |
Structured finance deals of a type last seen before the financial crisis are set to come back in 2013, according to market experts, signaling a return to the credit boom in 2004. |
Economic hardship has inspired a full range of clandestine entrepreneurship in Spain. The combination of higher taxes and unemployment has pushed desperate Spaniards to convert their apartments and underused lofts and warehouses into jazz clubs, hair salons, restaurants and even flamenco halls. |
The U.K. faces a "significant" risk of losing its triple-A rating, as its economy has worsened since it was placed on negative outlook last year, David Riley, Fitch Ratings global managing director for sovereign ratings, told CNBC. |
The wealthy have for centuries stashed their gold in Swiss vaults. But Swiss bankers are now reluctant to accept the world's bullion in the same old way, as they seek to reduce the size of their balance sheets. The Financial Times reports. |
Oil companies at the heart of the US shale oil boom are burning off enough gas to power all the homes in Chicago and Washington combined in a practice causing growing concern about the waste of resources and damage to the environment. |
China's foulest fortnight for air pollution in memory has rekindled a tongue-in-cheek campaign by a multimillionaire with a streak of showmanship who is selling canned fresh air. |
The city of Dijon has just sold off half of its prized municipal wine cellar to help fund local social spending – including a bottle of 1999 Burgundy knocked down at auction for 4,800 euros to a Chinese buyer. The FT reports. |
The U.K. economy contracted more sharply than expected in the final quarter of 2012, the country's statistical agency said on Friday. |
The British Prime Minister threw down the gauntlet on EU membership last week, announcing a referendum on U.K. membership of the EU by 2017. Now a new opinion poll in France shows a majority of the French population favor an exit by the British - "Les Rosbifs" - from the Union. |
Shoppers at the Citroën showroom on the Champs-Élysées were conspicuous mostly by their absence on a recent weekday. Earnest-looking employees outnumbered the lone visitor by at least 10 to 1. Two of the workers were busy refining their already considerable skills at an auto-racing video game. The New York Times reports. |
Asia's financial capital Hong Kong retained its top spot as the world's most expensive city to rent a high-end apartment as robust demand on the island, a popular destination for employees looking to relocate overseas, and constrained supply, kept prices elevated. |
Call them the "Bickering Billionaires," two financial titans who squared off in a breathtaking, unforgettable smackdown Friday on CNBC. |
When compared to the hundreds of billions of euros used to prevent Greece from collapsing, the €11 billion needed to recapitalize the banks of Cyprus is a relatively small sum. But Cyprus, the fourth euro zone country applying for financial aid in order to prevent a state bankruptcy, has potential creditors pausing just the same. Their reason: concerns that Cypriot banks are a haven for money laundering. |
After causing widespread consternation among his European Union (EU) partners with a speech calling for the EU to change, U.K. Prime Minister David Cameron has appeared politically isolated. However, support for his position appears to be growing, at least in some quarters within the EU. |
Barclays CEO Antony Jenkins told CNBC in Davos that the bank was too aggressive and too self-serving in recent years, as it seeks to put the manipulation of Libor and other scandals behind it. |
A watch says a lot about the wearer. Merkel's choice of a simple watch shows her aversion to public debt and a fiscal deficit. |
Inequality risks destabilizing “global society”, Klaus Schwab, the German economist who founded and chairs the World Economic Forum, told CNBC on Tuesday. |
It was first reported in 2010 that the pillars of Kolkata's landmark Howrah bridge were being used as spittoons by pedestrians who chewed gutkha – a tobacco product popular with millions in India. The Christian Science Monitor reports. |
The outlook for South Africa looks increasingly unstable as foreign and indigenous companies retrench. |
The 2013 World Economic Forum’s annual meeting in Davos, Switzerland. |
The EU without Britain would be like "fish without chips", the prime minister of Finland said on Wednesday as he made a case for Britain remaining an influential player in Europe. |
Disguises, pseudonyms and Hitler's salute were all part of one man's secret mission to infiltrate Europe’s far-right scene, the Global Post reports. |
Brazil, long viewed as one of the most promising emerging markets, has seen its crown slip slightly in recent months as its dominance is under threat with other emerging markets competing fiercely on cost. |
Cyprus may seem too small for markets to care. But UBS has warned that the Mediterranean island is big enough to cause trouble in the euro zone after seeking a bailout from the troika, made up of the International Monetary Fund, the European Commission and the European Central Bank. |
When the most prominent new face in France’ s effort to oversee the new economy speaks, her pronouncements may be followed almost as closely in Silicon Valley and Seoul as in Paris. But she has been drawn into a growing number of disputes with U.S. technology companies like Google, Twitter and Amazon. The New York Times reports. |
As southern euro zone countries groan under the weight of austerity measures, the Baltic country Latvia has been so enthusiastic and seemingly successful in its application of austerity measures that even the International Monetary Fund (IMF) has warned Latvia to not go too far. |