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  • For High End Real Estate, London Rules the Roost Friday, 18 May 2012 | 9:57 AM ET
    Big Ben

    London prices have risen 45 per cent over the past three years, compared to only 15 per cent in Geneva, 17 per cent in Paris and 10 per cent in New York, making London ever more expensive (and desirable) than its western peers.

  • Euro Zone ‘Tearing Itself Apart’: Bank of England Wednesday, 16 May 2012 | 7:07 AM ET
    Governor of the Bank of England Mervyn King

    The governor of the Bank of England said on Wednesday that the euro zone is “tearing itself apart without any obvious solution" as he admitted that the UK central bank, the Financial Services Authority (FSA) and the government have been discussing contingency plans to deal with the prospect of a Greek exit from the euro or a collapse in the euro zone “for some time.”

  • Subsidies Aid Rebirth in U.S. Manufacturing Friday, 11 May 2012 | 4:14 AM ET
    manufacturing engineering

    Walking through his high-ceilinged factory here, explaining the production of sheets of copper, M. Brian O’Shaughnessy comes across as a staunch advocate of manufacturing in America.

  • Has German Opposition Joined the Pro-Growth Chorus? Wednesday, 9 May 2012 | 8:55 AM ET
    Reichstag Parliment building, Berlin, Germany

    German lawmakers likely will delay a vote on the euro zone's fiscal compact on budget discipline because the country's main opposition party wants to insert growth-focused measures into the pact, a coalition source told CNBC.

  • UK Keeps Shopping Amid Economic Gloom Wednesday, 9 May 2012 | 6:11 AM ET
    supermarket_shopping_cart_200.jpg

    UK food retailer Sainsbury said on Wednesday that it managed to deliver solid quarterly sales growth despite the “wider economic situation remaining uncertain.”

  • German Patience With Greece on the Euro Wears Thin Wednesday, 9 May 2012 | 3:30 AM ET
    Victory Column

    Just weeks ago, the idea that Greece would leave the euro zone was almost unthinkable. Now, with Greece’s newly empowered political parties refusing to abide by the terms of the country’s international loan agreement and Europe’s leaders talking tough, that outcome is looking increasingly likely. The NYT reports.

  • Angry European Voters Head to the Left Sunday, 6 May 2012 | 5:59 PM ET
    European Union Flag

    It has been a weekend of major change in the European political landscape, with elections in France, Greece, the UK, Germany and Italy.  Some observers are now saying that if the politics of austerity continue, Europe could be in danger of breaking up.

  • Sign of Things to Come? UK Voters Punish Incumbents Saturday, 5 May 2012 | 9:54 AM ET
    David Cameron

    Voters in the United Kingdom punished the coalition government’s two political parties at local elections across the country on Thursday in what will be seen by many as a rejection of the government’s austerity.

  • RBS Loss Deepens; Talk Grows About Government Sale Friday, 4 May 2012 | 3:16 AM ET
    The Royal Bank of Scotland Headquarters

    Royal Bank of Scotland (RBS), the state-backed UK bank, reported a pre-tax loss of 1.4 billion pounds ($2.3 billion) on Friday, as charges for own credit adjustments—accounting requirements for credit spreads—hit the bank.

  • A slider is a very small hamburger, meant for frenzied consumption in multiple quantities. You don’t order one, or even three --- you order ten and devour all of them in less than three minutes, preferably while you’re still in your car at the franchise’s parking lot. In the summer of1987, Burger King introduced their own sliders, Burger Bundles, and they did a booming business, particularly among teenagers and late night customers. Despite the Burger Bundles’ popularity, preparing them was more

    McDonald's is a sponsor for the London Olympics—and a British doctors' group says that's sending the wrong message in a country with ballooning obesity.

  • King Admits Failing to ‘Shout’ About Risk Thursday, 3 May 2012 | 3:32 AM ET
    Governor of the Bank of England Mervyn King

    Repairing the economy and regulating banks is “the biggest challenge the Bank [of England] has faced for decades,” Sir Mervyn King said on Wednesday in a speech in which he conceded for the first time he should have “shouted from the rooftops” about risks before the financial crisis.

  • Did Finance Ministers Make 'Idiot' Out of Osborne? Thursday, 3 May 2012 | 3:10 AM ET
    george-osborne-001-200.jpg

    The UK had its latest testy exchange with the rest of the European Union Wednesday night, as Finance Minister George Osborne had an angry outburst at the negotiating table during talks about bank rules.

  • British Pound Seen Stronger in the Near Term Wednesday, 2 May 2012 | 3:14 AM ET
    British Pound

    The British pound is likely to rise further against the euro in the near term despite its fall on Tuesday as it is still seen as a safe play, but in the long term it will weaken, according to currency analysts.

  • The First Electoral Test for UK Austerity Is Near Tuesday, 1 May 2012 | 3:35 AM ET
    David Cameron

    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.

  • Rupert and James Murdoch in front of Parliament

    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.

  • Jim O'Neill

    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.

  • Are CEO Bonuses Wrecking the Wider Economy? Friday, 27 Apr 2012 | 11:09 AM ET
    ladder_corporate_200.jpg

    "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.

  • Murdoch Blames Underlings for Hacking ‘Cover-Up’ Thursday, 26 Apr 2012 | 1:19 PM ET
    Rupert Murdoch

    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.

  • Grilling Rupert Murdoch: Day Two Thursday, 26 Apr 2012 | 8:18 AM ET
    Grilling Rupert Murdoch: Day Two

    "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.

  • Not Everyone Loses in 'Double-Dip' Britain Thursday, 26 Apr 2012 | 4:42 AM ET
    Tower Bridge and City of London financial district

    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.