The U.S. will join the European Union this week in slapping new economic sanctions on Russia for its continued support of separatists in Ukraine.» Read More
Companies face a scramble to hire talented executives with Chinese experience to join their boards as the focus of UK business shifts increasingly towards the east, the FT reports.
Despite the widespread gloom, the consensus is that Britain will not re-enter a recession, Norma Cohen writes in the FT.
Banking regulators should consider temporarily lowering capital requirements in an effort to boost the feeble supply of credit to the economy, according to a top official at the Bank of England, the FT reports.
The Metropolitan Police arrested another suspect as part of their investigations into phone hacking at the now closed News of the World newspaper, London's Metropolitan police said on Thursday.
"The fact that it was a nine nil vote was not a surprise¿¿. but the fact that it came before the market turbulence was and it raises the possibility of further quantitative easing (QE)," James Ashley, senior economist at RBC Capital Markets told CNBC. But he added that the economic environment was different to that of 2009 and suggested that more QE remained "unlikely."
The travails of the Murdoch family over the phone-hacking scandal at their UK newspaper empire are far from over.
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."
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.
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.
"We have seen a very dramatic fall in the FTSE 100 over the past week. How low can we go? We might break the 2009 low, but I would be quite reluctant to start aggressively selling into this market," Steven Mayne, director at Mayne Financial, told CNBC.
This week UK gilts featured prominently in the media when the 10-year yield dropped to its lowest levels in a long time. Is this is a vote of confidence in the UK economy? In a word, yes.
The Bank of England (BoE) held interest rates on Thursday at their current historic low of 0.5 percent after weaker than expected gross domestic product (GDP) figures last week effectively killed off any hope of a rate rise this year.
Bad economic news bombarded the UK Treasury on Monday as new International Monetary Fund forecasts cast doubt on the chancellor’s deficit reduction plan, the FT reports.
James Murdoch, the under-fire chairman of BSkyB, was kept on with the unanimous support of the board, the chief financial officer of the cable television company told CNBC Friday.
NBC's Stephanie Gosk has the latest James Murdoch facing the BSkyB board and doubts about his role as chairman of that board.
The phone hacking crisis causing turmoil at News Corp subsidiary News International will not extend to rival Daily Mail & General Trust, according to the company's chief executive.
A UK Member of Parliament has written to the board of News Corp calling for Rupert and James Murdoch to be suspended over phone hacking at the company.
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.