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  • Rupert and James Murdoch in front of Parliament

    Rupert Murdoch inherited part of the newspaper business he turned into a vast worldwide media empire from his father, Sir Keith, and has always wanted to pass on News Corp to one of his children.

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    As EU leaders scramble to present a united front for this weekend’s critical meeting in Brussels, anxiety is growing in Europe, and not just about the euro, the NYT reports.

  • Rupert and James Murdoch in front of Parliament

    British member of parliament, Tom Watson, will attempt to address News Corp  shareholders when it holds its the annual general meeting (AGM) on Friday.

  • Newspapers

    At a time when the British newspaper industry is under attack from allegations of phone hacking and declining revenues, its power to move markets seems to be as high as ever – even in newspapers not known for their business reporting.

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    The second round of "quantitative easing" by the Bank of England which will see it purchase 75 million pounds ($118.2 billion) of government bonds over the next few months could cause unemployment to rise, according to one analyst.

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    The cautious are paying for the profligate, not only by sacrificing their tax money to save banks from collapse but by seeing their savings eroded by negative interest rates.

  • Occupy protests in London

    Most people who have a mortgage are doing very nicely, thank you very much, out of lower interest rates.

  • James Murdoch speaking in front of Parliament

    It was a striking display of unity: Rupert and James Murdoch, father and son, walking side by side through central London as they faced a crisis that had laid siege to their company. Pushing through a crush of paparazzi on a street not far from Buckingham Palace, James reached out to place a reassuring hand on his father’s back. .

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    The protesters camping near the London Stock Exchange aren't the only cross British people out there.

  • UB40 performing live.

    Four members of the reggae band UB40 were declared bankrupt on Tuesday by a UK judge in Birmingham County Court.

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    Central banks' policy of printing money to try and stimulate weak economies is unlikely to result in significantly higher inflation, Rob Carnell, chief international economist at ING, wrote in a market note.

  • 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.

    Embattled UK secretary of state for defense Liam Fox resigned from the government on Friday after a week of continuing allegations relating to his close friend and self-styled adviser Adam Werrity.

  • St. Paul's Cathedral in central London forms the backdrop for protestors, called the "99 Percent," who are angry at what they see as an increased disparity in wealth between the very rich and everyone else in Europe, the United States and elsewhere.

    Protesters remained camped out around London's St. Paul's Cathedral on Sunday after a largely peaceful demonstration that sprang up around the church a day earlier.

  • A London demonstrator vents anger at bankers while standing near St. Paul's Cathedral. "Occupy" protestors, as they're known in the United States and United Kingdom, concern themselves primarily with what they see as the domination of society by interests within financial institutions and corporations.

    A crowd of a few thousand protesters angry at the handling of the financial crisis noisily gathered outside St. Paul's Cathedral in London on Saturday, less than 100 meters away from the London Stock Exchange.

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    The Occupy Wall Street protests have spawned plenty of similar movements across the United States, and on Saturday the Occupy movement will go transcontinental.

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    How should the UK escape from a slump that seems sure to be longer and more costly than the Great Depression of the 1930s, asks the FT's Martin Wolf?

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    China's unhappy, Europe gets a reality check, and Australians are getting jobs - it's time for your FX Fix.

  • Traders work on the floor of the London Metal Exchange in London, U.K., on Friday, Aug. 5, 2011. Stocks dropped for an eighth day, the longest losing streak since January 2010, and commodities declined on concern the U.S. recovery is faltering. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

    The latest round of quantitative easing (QE) EXPLAINS launched by the Bank of England (BoE) will not provide the stimulus that small and medium sized businesses (SMEs) need in the UK, economists told CNBC Wednesday.

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    Moody’s downgrade of 12 British banks last week is irrelevant to the current  state of the UK banking sector, analysts told, adding that hell has a better chance of freezing than any British bank failing.

  • The aggregate shortfall of UK corporate pension schemes soared in September and is now at its second-highest level, new industry data show, as falling markets and bond yields sharply reduced returns.