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  • British Olympic Team Reliant on Sponsors Monday, 13 Jun 2011 | 2:41 AM ET

    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.

  • UK Government Backpedals on Welfare Cuts Monday, 13 Jun 2011 | 12:56 AM ET
    David Cameron

    Britain’s ruling coalition is to modify its plan for a rigid £26,000 annual cap ($42,190) on the total benefits that can be claimed by any household, amid fears it could force thousands of poor families out of their homes in London, the FT reports.

  • UK Prime Minister May be Forced into Cabinet Reshuffle Friday, 10 Jun 2011 | 10:49 AM ET
    Britain's Prime Minister David Cameron (front 2nd Left) calls an end to a group picture with his new cabinet ministers in the garden of Number 10 Downing Street in London, England.

    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.

  • Barracks Sale Tests London Property Market Friday, 10 Jun 2011 | 12:52 AM ET
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  • BMW Gives Mini Boost to UK Automotive Sector Thursday, 9 Jun 2011 | 10:08 AM ET
    2008 Mini Cooper hardtop

    BMW will invest 500 million pounds ($818 million) in its UK factories as it prepares its manufacturing network for the rollout of its next-generation Mini.

  • Iceland Ex-Premier Charged, Could Others Follow? Thursday, 9 Jun 2011 | 6:15 AM ET
    Punkaharju, FINLAND: Iceland's Prime Minister Geir H. Haarde waves to photographers after steering a timber tractor during the Nordic premiers meeting in Punkaharju, 19 June 2007. The Nordic Prime Ministers meet in Punkaharju to discuss current topics on the United Nations and the European Union. AFP PHOTO LEHTIKUVA / Pekka Sakki *** FINLAND OUT *** (Photo credit should read PEKKA SAKKI/AFP/Getty Images)

    Geir Haarde, Iceland's former prime minister, has been charged with criminal negligence over his part in the collapse of the country's banking sector in 2008, the first credible attempt to hold a head of government accountable for the failures in oversight that led to the global financial crisis.

  • Gilt Investors Look to Monetary Stimulus in UK Thursday, 9 Jun 2011 | 1:07 AM ET
    BOE_buses_200.jpg

    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.

  • Employees of the Chernobyl Nuclear Power Plant walk outside of the destroyed 4th block of the plant on February 24, 2011 ahead of the 25th anniversary of the meltdown of reactor number four due to be marked on April 26, 2011. Ukraine said early this year it will lift restrictions on tourism around the Chernobyl nuclear power plant, formally opening the scene of the world's worst nuclear accident to visitors. Chernobyl's number-four reactor, in what was then the Soviet Union and now Ukraine, expl

    Nuclear safety watchdogs and G20 energy ministers gathering in Paris on Tuesday and Wednesday to work on reinforcing nuclear safety around the globe in the wake of the Japanese nuclear disaster at Fukushima last March were keen to stress nuclear energy is still a viable source of alternative energy.

  • Dollar Rise Will Spell Trouble for Gold: Analysts Tuesday, 7 Jun 2011 | 5:03 AM ET
    Cash and gold

    The long term price of gold could come under pressure from a rallying dollar as the risk from the sovereign debt crisis subsides, Barclays Capital analysts said on Tuesday.

  • Double-Dip Unlikely so Buy Stocks: Economist Tuesday, 7 Jun 2011 | 3:53 AM ET
    Fed Chief Ben Bernanke Testifies to House Budget Committee

    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 to Restart Talks on TNK-BP Stake Sale: Report Tuesday, 7 Jun 2011 | 3:05 AM ET
    BP headquarters 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.

  • Tax, Royalties and Rock'n'Roll: Why U2 Face Protests Tuesday, 7 Jun 2011 | 1:46 AM ET
    Bono singing at a U2 concert

    Fans of rock groups can get a little testy when their heroes display a less than straightforward attitude to their tax affairs. The latest victim of this is U2, one of the world’s biggest stadium rock bands, which will face protests during its high-profile set at Glastonbury this year.

  • Chancellor of the Exchequer George Osborne holds Disraeli's original budget box as he leaves 11 Downing Street for Parliament.

    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.  

  • Economists: Are 50 Worth More Than 1? Monday, 6 Jun 2011 | 6:39 AM ET
    man_with_chart_200.jpg

    At the world economic forum in 2009 one leading economist told me he was perplexed. Why would an economist be perplexed as the world economy teetered on the brink you ask? Well it had nothing to do with the state of the global economy and everything to do with supply and demand.

  • gold_oil.jpg

    Commodities will weaken in the short term as the Chinese economy starts to slow, but prices could once again move higher from this fall boosted by power constraints in China, Jim Lennon, head of commodities research at Macquarie Bank told CNBC on Monday.

  • Top Tories Reject Clamour for Plan B Monday, 6 Jun 2011 | 12:22 AM ET
    Britain's Prime Minister David Cameron (front 2nd Left) calls an end to a group picture with his new cabinet ministers in the garden of Number 10 Downing Street in London, England.

    There is no need for a “plan B” for the economy even if conditions change, senior Conservatives insisted on Sunday as Ed Balls renewed his attack on the government’s “reckless” deficit reduction program, reported the FT.

  • Operation Cupcake Derails al-Qaeda Friday, 3 Jun 2011 | 7:02 AM ET
    cupcakes_200.jpg

    Al-Qaeda's plans to recruit terrorists via a new English-language magazine have been disrupted by the British intelligence agency MI6, which replaced bomb-making instructions on the website with recipes for cupcakes, UK newspaper the Daily Telegraph reported on Friday.

  • Disappointing UK Manufacturing Fuels Recovery Fears Thursday, 2 Jun 2011 | 3:28 AM ET
    london_phonebox_cab_200.jpg

    The latest numbers for UK manufacturing showed a continued weakening, prompting concerns that the economic recovery is likely to be more protracted than forecasts have suggested.

  • DP World Starts Trading in London Wednesday, 1 Jun 2011 | 6:44 AM ET
    eu_lon_exch_logo_pic_140.jpg

    DP World, Dubai’s global port operator, began trading on the London Stock Exchange on Wednesday as the company seeks to tap into global liquidity.

  • Commentary: Intolerable Choices For the Euro Zone Wednesday, 1 Jun 2011 | 5:15 AM ET
    european_union_crack2_200.jpg

    The eurozone, as designed, has failed. It was based on a set of principles that have proved unworkable at the first contact with a financial and fiscal crisis, according to the FT.