While governments and local councils may be expected to be prepared to deal with terrorist attacks, extreme weather conditions and contagious diseases, a potential zombie attack might not be top of the list.
The storm clouds brewing over Rupert Murdoch's UK media empire are set to move closer, with the arrest of up to five employees expected within days, sources familiar with the situation told CNBC.com Thursday.
The London Stock Exchange would be open to considering a merger of equals with Nasdaq OMX, the US exchange operator, in the first sign that the British bourse could yet turn its attention to securing its future in another big merger after its attempted tie-up with Canada’s TMX Group collapsed, the FT reports.
New York soon will no longer be the financial capital of the world thanks to a hostile government that has served up a menu of punitive regulations aimed at driving big banks out of the country, says analyst Dick Bove.
A mood of austerity may be stalking Britain, but the champagne is still flowing at Buckingham Palace thanks to a government plan to put the queen on what might be seen as profit-related pay, reported the FT.
The gloom which has descended on the British high street, with shop closures and well-known chains collapsing, is set to continue as consumers cut back, Mike Dennis, senior consumer analyst at MF Global, told CNBC Thursday.
Around 750,000 British teachers, civil servants, border agents and other public sector workers went on strike on Thursday after negotiations with the government failed to come to a resolution over proposed pension reforms.
Minutes from the last meeting of the BoE’s monetary policy committee showed that despite two members wanting to hike rates, others are considering another round of quantitative easing.
Donald Trump’s controversial plans for a golf course worth 750 million pounds ($1.2 billion) in Scotland may be held up by the financial crisis, according to his latest statements reported by the British media.
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.
British finance minister George Osborne will use a major speech on Wednesday to throw his weight behind recommendations that banks' retail arms should be ring-fenced from their investment banking operations.
With little appetite for a change of course on Plan A, the team at the UK Treasury will be hoping for some luck on the economy over the next few months. But even if their luck dries up one economist believes there is room for manoeuver within Plan A.
The British Olympic team is perhaps the only one in the world that relies entirely on non-government sponsorship, but it is on track to have athletes competing in every Olympic sport at the London 2012 Games, Andy Hunt, chairman of the British Olympic Association told CNBC.
The UK’s Prime Minister, David Cameron, is coming under increasing pressure to reshuffle his cabinet just days after returning to work from a two-week break.
Only weeks ago, quantitative easing, the emergency policy of pumping money into the financial system to revive the economy, was considered firmly over. Now, amid a stream of gloomy data that has raised renewed fears of a double-dip recession in the UK, it could soon be back on the agenda, reported the FT.
Despite weak economic data a double dip recession is unlikely and investors should favor stocks over bonds, according to Chris Watling, the CEO of Longview Economics in London.
BP is to restart stalled talks with Russian state oil company Rosneft to sell part of its stake in TNK-BP, the Wall Street Journal reported citing people familiar with the situation.
The International Monetary Fund (IMF) has cut its growth forecast for the UK economy to 1.5 percent for 2011, but has said it continues to support the coalition government’s spending cuts.
The UK government will send a warning to unions Monday that it is prepared to change the law should it deem it necessary to avoid the threat of coordinated strikes.