Millennials are failing to save money and put something aside into a pension because of the rising cost of living, according to experts.» Read More
The media center at London’s Olympic site has moved one step closer to being transformed into a world-class technology hub with the potential to generate more than 4,000 jobs.
What did we think of European Commission President Jose Manuel Barroso’s comments last week on the UK and Europe?
As regulators ramp up their global investigation into the manipulation of interest rates, the Justice Department has identified potential criminal wrongdoing by big banks and individuals at the center of the scandal. The New York Times reports.
The Libor rate-rigging scandal has had an adverse effect on London’s reputation as a leading financial center, Mark Boleat, policy chairman at the City of London Corporation, told CNBC.
For years, law enforcement officers and smugglers have played cat and mouse in Europe, where contraband cigarettes are stashed in everything from furniture shipments to loads of Christmas trees, the New York Times reports.
Hans Kristian Rausing, who inherited a fortune made from drink containers, is being held in a death called "unexplained."
London residents today lost a bid to stop rooftop missile deployments. Many Britons are questioning Olympics they say are most notable for super-sized costs and security, the Christian Science Monitor reports.
Conservative euroskeptics MPs are to unveil a lengthy shopping list of proposed reforms to the UK’s relationship with the EU as part of an attempt to return powers from Brussels, the Financial Times reports.
As big banks face the fallout from a global investigation into interest rate manipulation, American and British lawmakers are scrutinizing regulators who failed to take action that might have prevented years of illegal activity, the New York Times reports.
Nigel Farage, UK Independence Party leader, discusses Europe's looming fiscal crisis, and the problems with bailouts, with CNBC's Rick Santelli.
The aeronautical industry is not experiencing a production bubble in the commercial sector, but supply will need to keep up with demand, David Baxt, Global Head of Aerospace and Defense at Jefferies, told CNBC.
Former Barclays CEO Martin Taylor says he had asked Bob Diamond to stay on as head of Barclays Capital back in 1998 after the latter offered to resign following losses of hundreds of millions of pounds from Russia's debt default.
Despite the United States’ dominance of the aerospace and defense industry, the UK’s biennial Farnborough air show, along with the Paris show, remains one of the biggest events on the calendar.
Defense manufacturers suffered a further blow on Wednesday as the UK became the latest European nation to announce military cutbacks as part of austerity measures.
While it was big news when the Barclays chairman, Marcus Agius, resigned Monday over his bank’s role in the Libor rate-fixing scandal. Less noticed was his other resignation that same day, the New York Times reports.
Bob Diamond, the recently-departed chief executive of Barclays, told U.K. politicians that there would be criminal investigations into the manipulation of the London interbank offered rate (Libor) scandal which led to his resignation.
The rapidly developing row over manipulation of inter-bank lending rates is turning into a battle over the future of banks around the world, analysts and politicans have warned.
Britain's growing interest rate-fixing scandal could claim yet another high-level victim: Paul Tucker, the man tipped to eventually become the next head of the Bank of England.
David Cameron was accused on Monday of doing the “hokey-cokey” after he insisted he wanted Britain to stay in the EU but refused to rule out an in-out referendum if he was not able to negotiate a better deal with Brussels, the Financial Times reports.
The spotlight in the European debt crisis has now shifted decisively toward the influential leader of the European Central Bank, Mario Draghi, who emerged from the recent summit meeting in Brussels with new powers and stronger backing to address the Continent’s financial woes. The New York Times reports.