At the European Union summit, sanctions on Russia is all the talk. U.K. prime minister David Cameron says the pressure must be kept on Russia while President of the European Council, Donald Tusk, stated that EU needs a consistent strategy towards Russia. CNBC's Hadley Gamble reports.» Read More
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.
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.
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.
European leaders could temporarily steal the spotlight from Washington lawmakers Thursday, as they meet in Brussels to discuss the Greek debt crisis and how to keep contagion from spreading.
David Cameron told the British parliament of his regrets over hiring former News Corp employee Andy Coulson, who was arrested over phone-hacking allegations.
An influential committee of British lawmakers has condemned News International's actions on phone hacking and accused News Corp's British newspaper wing of trying to "deliberately thwart" the police investigation into the initial allegations.
A positive start to earnings season, including blowout results from Apple, is helping investors shake off worries and start buying the dips. On tap for Wednesday: UTX, AmEx, Intel.
Rupert Murdoch, his son James and Rebekah Brooks, the former News of the World editor who used to run their British newspaper empire News International, face grilling by a committee of MPs later on Tuesday.
he News of the World phone hacking scandal heaped further pressure on the British Prime Minister, David Cameron, on Monday as more questions were raised about his appointment of the paper's former editor Andy Coulson as his director of communications.
The whistleblower who alleged widespread hacking at News Corp's News of the World has been found dead. Police said his death was not considered to be suspicious.
British Prime Minister David Cameron says he will look into whether 9/11 victims were targeted in the phone hacking scandal.
The likelihood of Rupert Murdoch's News Corp being given UK government approval to complete its takeover of British Sky Broadcasting has "sharply contracted" over the last 24 hours, Alex De Groote, media analyst at Panmure Gordon told CNBC.
The British government will confirm proposals to raise the retirement age of up to six million public sector workers by six years on Friday from 60 to 66.
The UK consumer sector is “extremely challenging” but the Bank of England will probably be forced to raise interest rates later in the year, Adam Chester, chief economist at Lloyds Bank Corporate Markets told CNBC.