The U.K. will put "security first," the finance minister said. Plus, he scrapped plans to cut welfare payments to low-paid workers.» Read More
Standard Chartered’s share price, which lost close to a fifth of its value in early trading Tuesday after news of U.S. regulators’ allegations that it helped Iran launder up to $250 billion broke, may not be the only victim of the accusations.
After a week of unusually quiet streets, idling cabs and easily navigated shops, fears of the Gridlock Games have transformed into complaints about the Ghost Town Olympics.
The Bank of England’s (BoE) Monetary Policy Committee meets on Thursday to discuss interest rates, amid calls for the base rate to be cut from 0.5 percent to 0.25 percent. Moorad Choudhry tells us why further rate cuts or quantitative easing won't help turn around the U.K. economy.
For those who can afford the $1,600 fare, getting to the Olympics means a quick ride on a yacht up the Thames.
British farmers tend not to be known for their cheeriness. But at the Melton Mowbray cattle market in England’s undulating green Midlands area, where cows, sheep, and chickens are traded, even the most taciturn farmers admit that their business is a good one to be in these days. The Christian Science Monitor reports.
As investors prepare for another trading week, stocks are in risk mode on expectations that euro zone policy makers will do whatever it takes to preserve the euro.
London Mayor Boris Johnson hit back at U.S. Presidential candidate Mitt Romney on Friday, saying the city was as prepared as ever for the Olympic Games.
Unlike recent past hosts of the Olympic Games, London has nothing to prove to anyone. Yet it has paid handsomely to hold the Games – for reasons that go beyond mere prestige, the Christian Science Monitor reports.
Led by Microsoft founder Paul Allen, the super-rich have brought their supersized boats to serve as party platforms and traffic-beating transportation during the Olympics.
The UK’s deepening recession will cost the country its cherished triple-A credit rating, leading bond investors warned after output fell 0.7 percent in the three months through June.
So what are some of the prohibited and restricted items in 2012 Olympic venues? Click ahead for some of the most interesting examples.
Greece's official lenders are signaling a growing reluctance to keep paying the bills of the nearly bankrupt nation, even as the government seeks leniency on its bailout terms.
New figures showing the U.K’s growth domestic product falling by 0.7 percent in the second quarter from the first should be taken with a pinch of salt, and calls into account the credibility of this data, James Knightley, UK Economist at ING told CNBC.
The London Interbank Offered Rate (Libor) is flawed and should no longer be calculated by the British Bankers’ Association (BBA), Howard Davies, Professor at Sciences Po and former chairman of the Financial Services Authority told CNBC.
News Corp stock is slipping ever so slightly on low volume following the announcement that criminal charges have been brought against eight key figures in the never-ending phone hacking scandal, Yahoo Finance reports.
Greece has been out of the limelight for a few weeks so we have had the luxury of addressing topics other than the euro zone. Normal service will be resumed fairly shortly I’m sure, but in the meantime we stay close to home and today consider the importance of statistics.
Unprecedented growth in overseas investment in London’s property market is causing an increased risk of a housing bubble, a new report warns.
Signs that cracks in the euro zone are widening sent markets on the Continent down sharply on Monday, as doubts grew about Greece’s ability to make good on its debt payments and Spain’s economy — the region’s fourth largest — was straining under the pressure of the government’s austerity measures, the NYT reports.
British police say they are investigating new tabloids in the country's growing phone hacking scandal, including the Trinity Mirror newspaper group and Express Newspapers.
Most London firms say business has not been boosted by the upcoming Olympic Games, according to a report by UK real estate firm Business Environment.