Shai Ahmed
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The UK’s true national debt is now £3,617 billion ($5,930 billion) or £138,359 ($226,807) per household, according to the latest figures from the Centre for Policy Studies, a centre-right think tank.
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The compromise reached by negotiators on financial regfulation reform is far from perfect, Sen. Bob Corker (R-Tenn.) and member of the Senate Banking Committee, told CNBC Friday.
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Tighter regulation and fewer alternative trading venues make it less likely that a "flash crash" would be repeated in Europe, stock exchange officials and traders told CNBC.com. But other market experts expressed concerns that Europe is just as exposed to such events.
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The Minerals Management Service, the agency in charge of regulating offshore drilling in the US, has investigated the Gulf of Mexico oil spill in a “completely backwards” manner, according to remarks expected to be made Thursday to a Congressional panel by Mary L. Kendall, the acting inspector general of Interior, the Wall Street Journal reported
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The Obama administration has utterly mismanaged the oil spill in the Gulf and has been "horrible" at crisis management, Jack Welch, former CEO of GE, told CNBC.
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The global economy is much better off than many economic pundits think, Jack Welch, former CEO of General Electric, told CNBC.
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The euro is barely intact, and rescuing the banks only worsened the financial crisis, Roger Nightingale, strategist at Pointon York, told CNBC on Tuesday.
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Investors are "clearly overreacting" to the scale of the euro zone crisis, Joaquin Almunia, EU Commissioner for Competition Policy and vice president of the European Commission.
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American populist rhetoric threatens to destroy not only one of Britain’s most cherished companies, but the “special relationship” between the United States and Britain, analysts told CNBC Friday.
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The financial crisis is far from over, and regulators need to crack down on the misuse of derivatives, global financier George Soros said at a conference in Vienna.