Europe Top News and Analysis United Kingdom

More

  • ZURICH, SWITZERLAND - MAY 10: International Monetary Fund Managing Director Dominique Strauss-Kahn leaves the Second Annual Conference of International Monetary Fund held at the Baur au Lac Hotel on May 10, 2011 in Zurich, Switzerland. The conference hosted by the Swiss National Bank (SNB) and the International Monetary Fund (IMF), brought together central bank governors and senior policymakers, to debat about the reform of the international monetary system with topics such as global liquidity p

    The sexual assault case against Dominique Strauss-Kahn is on the verge of collapse as investigators have uncovered major holes in the credibility of the housekeeper who charged that he attacked her in his Manhattan hotel suite in May, according to two well-placed law enforcement officials. The NYT reports.

  • fx_fix_1_200.jpg

    Japanese businesses are pessimistic and euro traders don't know what to think — it's time for your Friday FX Fix.

  • Queen Elizabeth II

    A mood of austerity may be stalking Britain, but the champagne is still flowing at Buckingham Palace thanks to a government plan to put the queen on what might be seen as profit-related pay, reported the FT.

  • supermarket_shopper_cart_200.jpg

    The gloom which has descended on the British high street, with shop closures and well-known chains collapsing, is set to continue as consumers cut back, Mike Dennis, senior consumer analyst at MF Global, told CNBC Thursday.

  • A protester holds up a smoke bomb during a mass demonstration against government financial cuts in central London, on March 26, 2011.

    Around 750,000 British teachers, civil servants, border agents and other public sector workers went on strike on Thursday after negotiations with the government failed to come to a resolution over proposed pension reforms.

  • stock_quotes_up.jpg

    As the quarter winds down, the temperature on Wall Street has warmed up quickly for stocks while investors chill on Treasurys.

  • Trader_stocks_up_200.jpg

    While Greece is front and center for markets this week, some traders are watching the rally in tech with interest.

  • bank_vault_200.jpg

    Lloyds Banking Group’s exposure to the riskiest kind of mortgages is more than double that of any of its top five rivals in what is potentially a ticking time bomb for Britain’s largest high-street lender, the FT reports.

  • fx_fix_1_200.jpg

    The dollar rides some good economic news, for a change, and the Bank of England's Mervyn King delivers a scolding — time for your FX Fix.

  • traders_computer_display_200.jpg

    After a volatile session on Thursday as the International Energy Agency unveiled plans to release strategic reserves in a bid to push oil prices lower, stocks look set for a strong end to the week.

  • European Central Bank

    The New York Times considers the possibility that a firm or group of firms insured billions of dollars of European debt through derivatives.

  • Big Ben

    Minutes from the last meeting of the BoE’s monetary policy committee showed that despite two members wanting to hike rates, others are considering another round of quantitative easing.

  • euro_coin_closeup_200.jpg

    With persistent uncertainty over the  Greek government's policies and over the EU's ability to agree on a solution, the euro should be on shaky ground, according to some analysts.

  • Greek riot police officers arrest a protester during a general strike against government austerity plans.

    Greece's parliament gave Prime Minister Papandreou a midnight vote of confidence, but the move doesn't mean Greece will ultimately go along with the austerity plan, or even avoid default.

  • A protester kicks a riot police officer during a general strike against government austerity plans, in Athens.

    Greece's parliament is expected to give Prime Minister George Papandreou a midnight vote of confidence, but the move doesn't mean Greece will ultimately go along with the austerity plan, or even avoid default.

  • Protestors are seen on the Syntagma square during a protest against plans for new austerity measures.

    Greece’s parliament square, Syntagma square, has been the center stage for protests against the country’s harsh austerity measures since spring 2010, when the first EU/IMF bailout package was signed.

  • Greek riot police officers arrest a protester during a general strike against government austerity plans.

    With markets and political analysts beginning to say that a Greek default is unavoidable, continuing to delay the inevitable may be the best bet to avoid contagion into other Southern European countries, according to some market observers.

  • Donald Trump

    Donald Trump’s controversial plans for a golf course worth 750 million pounds ($1.2 billion) in Scotland may be held up by the financial crisis, according to his latest statements reported by the British media.

  • greece_church_flag_200.jpg

    A critical midnight vote in Athens will keep markets tuned to the latest act in Greece's financial drama Tuesday.

  • UPS

    Shipping company UPS has been barred from moving air cargo through some U.K. facilities because of security deficiencies, the British government said Friday.