A leadership fight could occur once the vote is done, which would cause further uncertainty for investors, says Andrew Sullivan of Haitong International Securities. » Read More
What Mervyn King, governor of the Bank of England, called the Nice (“non-inflationary, consistently expansionary”) decade has vanished. In its place, we see what I would now call the Nasty (“nightmare of austere and stagflationary years”), the Financial Times reports.
At least two sons of Col. Muammar el-Gaddafi are proposing a resolution to the Libyan conflict that would entail pushing their father aside to make way for a transition to a constitutional democracy under the direction of his son Seif al-Islam el-Qaddafi, a diplomat and a Libyan official briefed on the plan said Sunday, the New York Times reported.
Sir John Vickers’ Independent Commission on Banking is to recommend the creation of separately capitalized UK retail banking operations, ringfenced within big bank holding companies, according to three people familiar with the process.
Like more than 90 percent of the population, I won't be changing my bank however rude they are to me on a Saturday morning. The work it would entail for the pay-off is too small. Bob Diamond, Stuart Gulliver and Peter Sands, on the other hand, may find they can get more out of changing countries.
David Cameron is to write to European Union leaders urging them to adopt a British plan for growth, at a time when some officials fear he is in danger of being sidelined in a two-speed Europe, the Financial Times reports.
Dozens of foreign companies with London listings may be exempt from new anti-corruption laws, Ken Clarke has confirmed, a disclosure that will anger investors keen to preserve the integrity of London’s markets, the Financial Times reports.
The aircraft carrier H.M.S. Ark Royal, taken out of service this year as part of government budget cuts, is being put up for sale online by the Ministry of Defense.
George Osborne’s Budget brought to the top of the political agenda the question of how Britain taxes its wealthiest people – and simultaneously exposed tensions in the coalition.
Taxes will be increased on expensive houses, allowing the government to fulfill its longer-term promise to scrap the 50p income tax rate, Liberal Democrat Chief Nick Clegg told the Financial Times.
Protestors are expected to target the wedding of Prince William and Kate Middleton, the Head of London’s public order police division has told the UK’s Daily Telegraph Monday.
As Europe struggles to come to grips with its debt crisis, which has deepened with the collapse of Portugal’s government after it pushed for yet another round of budget cuts, three numbers stand out: 12.4, 9.8 and 7.8, reports the New York Times.
Scottish politicians accused George Osborne of using North Sea resources to “fuel his Budget”, saying the chancellor had given too little in return for his unexpected £2 billion tax raid on the oil and gas industry, reports the Financial Times.
Warwick Castle – situated in the center of England and promoting itself as ‘Britain’s Ultimate Castle’ - is currently recruiting for a Consultant Dragonologist.
As Japan’s nuclear crisis intensified Wednesday, governments across Europe remained at odds over whether to scale back nuclear power programs or continue plans to expand, reports the New York Times.
At the London Olympics in 2012, the public will have plenty of reason to keep their eye on Jamaica's track and field team.
Around the world, people’s relationship with alcohol varies greatly. In some places it is a point of national identity, in others it has become detrimental to a country's overall health.
Kate Kelly goes one-on-one with the two key players behind an ambitious new UK hedge fund launching in early April, which is promising its investors outsized returns using millions of random tweets to predict changes in the stock market.
Last fall, Indiana University informatics professor Johan Bollen stumbled upon an astonishing connection: That the social network Twitter could predict swings in the Dow Jones Industrial Average with 87 percent accuracy.
The West is poorly positioned to handle this latest oil price scare. The buffers which typically limit downside economic risks are no longer working.
Experience tells us that when employees are unhappy they look for new jobs. But what if that’s no longer true? What if, for a variety of reasons, dissatisfied employees are staying with their companies?