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  • UBS Threatened to Scale Back in London Over HQ Thursday, 4 Aug 2011 | 12:44 AM ET
    UBS

    UBS threatened to scale back its presence in London if the government followed advice from a heritage body that effectively blocked the redevelopment of its City of London headquarters, reported the FT.

  • Construction worker in New York City.

    House prices in the UK are likely to remain stable for the rest of the year, barring any major economic shocks, Pete Redfern, chief executive of Taylor Wimpey, the UK's biggest housebuilder, told CNBC Wednesday morning.

  • Greek Reforms Might Actually Work: OECD Tuesday, 2 Aug 2011 | 6:00 AM ET
    greece_athens_academy_2_200.jpg

    Progress on the Greek government's structural reform program has been "impressive" and could succeed in reducing the country's debt to GDP (gross domestic product) ratio to sustainable levels, the Organization for Economic Cooperation and Development (OECD) said Tuesday.

  • eu building brussels

    Amid signs that the European debt crisis -- which already has seen Greece, Ireland and Portugal seek aid from the European Union and International Monetary Fund -- is now spreading to Italy, analysts at Goldman Sachs are predicting that while painful, debt consolidation will succeed as soaring borrowing costs force governments to act.

  • IMF Casts Doubt on UK Deficit Plan Tuesday, 2 Aug 2011 | 12:37 AM ET
    Tower Bridge and City of London financial district

    Bad economic news bombarded the UK Treasury on Monday as new International Monetary Fund forecasts cast doubt on the chancellor’s deficit reduction plan, the FT reports.

  • Banks Not Lending? You Can Always Pawn Your Picasso Monday, 1 Aug 2011 | 6:11 AM ET
    A man stands beside Pablo Picasso's "Nude, Green Leaves and Bust", 1932, on display April 29, 2010 at Christie's in New York.

    As UK banks fall behind on lending to small businesses and individuals, more consumers and enterprises are looking for alternative sources of capital. One such source, Borro, hopes to reinvent the ancient business of pawnbroking.

  • UK Recovery Slower Than Expected: CBI Monday, 1 Aug 2011 | 2:18 AM ET
    UK_construction_200.jpg

    The UK economy will grow slower in 2011 than previously anticipated – 1.3 percent, compared to forecasts of 1.7 percent – and its 2012 growth will be a "modest" 2.2 percent, according to the Confederation of British Industry (CBI), an influential business organization.

  • UK Housing Worse Than Forecast: Materials Firm Friday, 29 Jul 2011 | 3:51 AM ET

    The UK housing market is performing worse than expected this year, the chief executive of building materials company Travis Perkins told CNBC Friday.

  • BSkyB Hands Investors Cash Bonus, Murdoch Stays Friday, 29 Jul 2011 | 3:11 AM ET
    James Murdoch, son of Rupert Murdoch and Chairman and Chief Executive of News Corporation, Europe and Asia.

    James Murdoch, the under-fire chairman of BSkyB, was kept on with the unanimous support of the board, the chief financial officer of the cable television company told CNBC Friday.

  • Not All Londoners Happy Ahead of 2012 Olympics Wednesday, 27 Jul 2011 | 8:11 AM ET
    olympic_flag_200.jpg

    London has been waiting for the Olympics since they were awarded to the UK's capital by the International Olympics Committee in 2005.

  • Dollar Drops, Kiwis Fall Tuesday, 26 Jul 2011 | 8:43 AM ET

    Worries about the debt ceiling derail the dollar, and kiwis fall after trade data disappoints  - it's time for your daily FX Fix.

  • No Phone Hacking at Daily Mail Group, Says CEO Tuesday, 26 Jul 2011 | 8:11 AM ET
    A pile of old cellular phones.

    The phone hacking crisis causing turmoil at News Corp subsidiary News International will not extend to rival Daily Mail & General Trust, according to the company's chief executive.

  • Tower Bridge and City of London financial district

    The claim by the UK Office for National Statistics that the country's second quarter GDP growth could have been as high as 0.7 percent, were it not for 'special factors' like the royal wedding and the Japanese tsunami, has been described as "bizarre" by economist Ruth Lea.

  • This Is the Year of Consolidation for BP: CEO Tuesday, 26 Jul 2011 | 5:33 AM ET
    Bob Dudley, the Executive Director of BP, arrives at their headquarters in St James's Square on July 26, 2010 in London, England.

    This year is one in which BP consolidates and gets its strength back, chief executive Bob Dudley told CNBC after disappointing results that sent its share price lower on Tuesday.

  • Europe’s Troubled Economies Join the Rescue Team Monday, 25 Jul 2011 | 10:29 AM ET
    Protestors escape tear gas fired by policemen in Athens.

    Can a bailout fund whose backers include some of the countries it may be called upon to bail out really succeed? The NYT reports.

  • UK Lawmaker Calls for Murdochs' Suspension Friday, 22 Jul 2011 | 6:12 AM ET
    Rupert Murdoch, Chairman and CEO of News Corporation

    A UK Member of Parliament has written to the board of News Corp calling for Rupert and James Murdoch to be suspended over phone hacking at the company.

  • Europe Approves Bailout Plan For Greece, Other Nations Thursday, 21 Jul 2011 | 4:03 PM ET
    Greece

    European leaders on Thursday clinched a new rescue plan for Greece that could push the country into default on some debt but would also give Europe’s bailout fund new powers to aid struggling economies, the NY TImes reports

  • Hacking Case Linked to News Corp Referred to FBI Thursday, 21 Jul 2011 | 2:28 AM ET
    Rupert Murdoch, chief executive officer of News Corp., sits in a car as he is driven along Whitehall, prior to a parliamentary committee hearing on the phone hacking scandal.

    A legal battle over alleged computer hacking of a US marketing company by a News Corp subsidiary has been referred to US authorities by a senior lawmaker, the FT reports.

  • Osborne Tells Euro Zone Leaders 'Get a Grip' Thursday, 21 Jul 2011 | 1:23 AM ET
    Big Ben & London Eye

    George Osborne has urged euro zone leaders to “get a grip” on the sovereign debt crisis at their summit today, warning that failure to do so could unleash an economic crisis as serious as the recession that followed the banking crash of 2008.

  • Why the Euro Will Not Disintegrate Thursday, 21 Jul 2011 | 12:56 AM ET
    EU building flags brussels

    Market analysts forecasting the demise of the euro and the break-up of the European Union are doing so on fundamentally flawed assumptions about European integration, economists and policy experts told CNBC.com.