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While the French presidential elections are drawing the attention of most in Europe, local elections in the UK, though unlikely to change the shape of Britain’s coalition government, could put pressure on its economic policy.
A committee of UK members of parliament is preparing a “damning” report on phone-hacking that will add to the pressure piled on News Corp’s Rupert and James Murdoch.
Chairman of Goldman Sachs Asset Management Jim O’Neill is among candidates in the running to replace Bank of England governor Mervyn King who leaves in June 2013, the Sunday Times reported, without citing where it got the information.
"Without knowing why or how, we seem to have hatched our own oligarchs, and we stand aghast and bewildered at this flock of monstrous cuckoos," author Ferdinand Mount writes.
Rupert Murdoch, the billionaire media tycoon, admitted that there had been a “cover-up” at defunct tabloid News of the World over phone hacking in London, but maintained on Thursday that neither he nor his son James knew about the extent of hacking.
"I'm guilty of not paying enough attention to the News of the World," says media mogul, Rupert Murdoch, giving testimony in front of a U.K. media ethics panel. CNBC's Kayla Tausche reports the latest details from London.
The UK officially entered a double-dip recession during the first three months of the year, figures released on Wednesday showed, but budget businesses in the country aren't complaining.
The News Corporation chief said Wednesday he wished to dispel some “myths,” a day after newly released e-mails pointed to ties between his media empire and the British culture minister.
The government and the Bank of England have few options left in terms of policy responses to combat the second recession to hit the UK in four years, analysts have told CNBC.com.
Latest figures of the UK’s net public borrowing were in line with forecasts and suggest the UK is making good progress in tackling its high deficit, Professor Andrew Sentance, former Bank of England Monetary Policy Committee (MPC) external member and senior economic adviser at PwC told CNBC Tuesday.
James and Rupert Murdoch will be back in the eye of the storm this week as they appear in front of the Leveson Inquiry in the UK.
A lawyer representing the bulk of claimants in the hacking case against News Corp.'s UK newspaper business said the UK company, News International, faces 46 more civil lawsuits in British courts, the Wall Street Journal reported on Friday.
London’s economy is now significantly decoupled from the rest of the UK as a result of a combination of private industry, employment trends, personal finance and the strength of the housing market, according to a venture capital expert.
A British member of parliament who was part of an influential committee investigating phone-hacking by subsidiaries of News Corp has alleged in a new book that the company's New of the World newspaper investigated MPs on that committee in an attempt to gain details on their private lives.
With 100 days to go until the 2012 Olympic Games begin in London, the government is confident the Games will provide a long-term economic boost, the UK minister for sport and the Olympics told CNBC.
The London-based daily paper the Times, part of News Corp's UK-based News International, has been sued by detective Richard Horton, whom the paper had exposed as the author of an anonymous police blog by hacking into his email, Horton's lawyer told CNBC.com on Friday.
Directors often dole out personal safety perks to ease a chief executive’s tax bill. By classifying the benefits as security measures, the executives typically get a better tax treatment on the services. It’s a common corporate tax trick. The New York Times reports.
Most of London's most exclusive hotels have been booked for the Olympics, snapped up by Olympic officials or companies block-booking rooms for favored customers, but there are still amazing places to stay. If you can afford the bill.
The end of the world is getting to be quite popular. Where would you go to "bug out?" Check out some stylish and genteel ways to hide from to possible future widespread problems.
Anyone expecting the Bank of England to make a move on interest rate or monetary easing policy this month is guaranteed to be disappointed, economists have told CNBC.com