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Europe News London

  • Tesco's American Nightmare?

    Britain's Tesco, the world's No. 3 retailer, has launched a strategic review of its loss-making United States chain Fresh & Easy.

  • Growing Signs of Europe Banking Turnaround

    Germany and France publicly clashed on Tuesday over plans to put the European Central Bank in charge of supervising banks, deepening a dispute over the scope of the ECB's powers that threatens to undermine one of Europe's boldest reforms.

  • City of London

    London's financial sector suffered its worst November for hiring since before the financial crisis, with the number of new jobs created falling by a third year-on-year.

  • London House Prices Won't Go Higher: Pro

    Ray Boulger, senior technical manager at John Charcol, tells CNBC that the gap in house price difference between London and outside of London in the UK will not get any wider.

  • Startup Village wants to help engineers develop 1,000 Internet and mobile companies in the next 10 years. It provides members with office space, guidance and a chance to hobnob with the stars of the tech industry.

  • gold.jpg

    Gold edged up in quiet trade on a dollar drop and a mixed bag of U.S. and Chinese manufacturing data.

  • UBS CEO Calls Job Cuts 'Painful' as 10,000 Laid Off

    Swiss bank UBS is close to a settlement with U.S. and U.K. authorities and is expected to pay more than $450 million over claims that some of its employees submitted false Libor rates, the NYT reported.

  • Backlash as Starbucks UK Tax Avoidance Revealed

    Coffee chain Starbucks said it was considering changes to its UK tax practices following criticism from lawmakers, tax campaigners and the media.

  • Delta Airlines

    Delta Air Lines has held recent talks to buy a 49 percent stake in British carrier Virgin Atlantic that is currently held by Singapore Airlines, two people familiar with the matter said on Sunday.

  • MegaFon Gets Low Valuation in $1.7 Billion IPO

    Russian telecoms company Megafon’s London initial public offering (IPO) successfully raised $1.7 billion, despite concerns about corporate governance at the company, majority-owned by Russian internet tycoon Alisher Usmanov.

  • Mark Carney Needs to Start Studying for a Citizenship Test

    He may well know his stuff when it comes to central banking, but the future Bank of England Governor Mark Carney will have to show a wide breadth of knowledge about British history, culture and customs before he can claim British citizenship.

  • Britain Favors Credentials Over Countrymen for BoE's Top Job

    New Bank of England Governor Mark Carney faces an uphill struggle and an even more difficult situation than in his current role.

  • UK Prepares for Decisive Day as Downgrade Looms

    With sluggish growth, an expanding budget deficit and fears of a downgrade, the U.K finance minister will next week use his Autumn Statement to update his plans for the economy with predictions emerging that a tax crackdown on multinationals could be on the cards.

  • Britain Favors Credentials Over Countrymen for BoE's Top Job

    Central bankers are joining premier-league footballers as global-economy elites.

  • European Bankruptcies, Held at Bay, May Soon Jump

    New banking regulations may lead to an increased rate of insolvencies as banks are forced to focus on their capital requirements at the potential cost of keeping “zombie” companies alive.

  • Lloyds Eyes Shake-Up of Banker Bonuses

    The U.K. taxpayer could lose the entire 66 billion pounds ($107 billion) paid to bail out struggling Royal Bank of Scotland (RBS) and Lloyds at the height of the credit crisis, according to a report by an influential group of UK members of parliament (MPs).

  • London had the distinction of being the biggest global financial hub by number of jobs but now, the  city some call the "capital of the world" is losing out to longtime rival New York and up-and-comers from the east are nipping at its heels, a new report shows.

  • Has London Lost Its Opportunity?

    Squawk Box Europe's presenters debate whether London will really lose its predominance as a global financial hotspot to New York and Hong Kong.

  • LONDON-- Multinational companies are paying little or no tax on their earnings in Britain, angry lawmakers charged Monday at an unusual hearing involving Starbucks, Google and Amazon. Legislators were skeptical, for example, about the coffee chain Starbucks' claim that it is not making profits in Britain.

  • UK Economic Gloom? Not Where the Tourists Hang Out

    As tourists continue to flock to London from around the world, the capital’s top landmarks and attractions from the Tower of London to Madame Tussauds are experiencing a boom in visitor numbers and revenues, despite the economic downturn.