The Dubai government disclaimed responsibility for the debts of its Dubai World conglomerate, crushing earlier assumptions by creditors that the emirate would guarantee its liabilities.
Britain will send 500 more soldiers to Afghanistan in early December, Prime Minister Gordon Brown said Monday, a day before US President Barack Obama is expected to announce 30,000 more troops to fight the Taliban and train Afghan forces. Tony Fratto, former deputy press secretary for the White House discusses.
This Monday was 'Cyber Monday' where consumers begin the online rush to buy gifts in the run-up to Christmas. Richard Kanareck, director at eBay, discusses the significance of the day and gives an outlook to online shopping during the festive season.
India's economy grew at an annualized rate of 8% in the third quarter, smashing market expectations and soaring past the 6% figure recorded in the second quarter. Arvind Ramakrishnan from Exclusive Analysis and Arnab Das from Roubini Global Economics discuss the region.
RBS announced a raft of new measures Monday, which it hopes will improve its relationship with small and medium-sized businesses. Peter Ibbetson, chairman of RBS Business Banking, told CNBC the key issue was transparency.
"We've all come to the conclusion that deleveraging is a good thing. But I think we expected deleveraging to take place in the financial sector, not in the real economy," Peter Hemington from BDO told CNBC Monday after official data showed that Britons repaid the highest amount of unsecured credit on record in October.
GE is reportedly trying to buy back a stake of CNBC-parent NBC Universal from Vivendi. GE needs the stake if it is to sell NBC to Comcast. Alfonso Marone from Value Partners Group considers the potential deal.