James Eden, owner of Private White VC, talks about the U.K. clothing and fashion indsutry.» Read More
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.
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.
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.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
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.
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.
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.
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, Dubai’s global port operator, began trading on the London Stock Exchange on Wednesday as the company seeks to tap into global liquidity.
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.