Britain's departure from the European Union (EU) could paralyse law-making in Brussels for at least 5 years. » Read More
Environmental activists paralysed parts of central London on Monday in a bid to force the government to do more to tackle climate change. » Read More |
British finance minister Phillip Hammond said Friday he believed it was "very likely" a second Brexit referendum would be put to parliament. » Read More |
Simon Baptist of the Economist Intelligence Unit says the "only two ways" to break the Brexit deadlock are a second referendum or general election in the U.K. » Read More |
Inserting cards, entering pin codes and signing receipts are a thing of the past in countries that have embraced contactless payments. The world's biggest economy, however, is just starting to catch on to the trend.
Valerie Amos of SOAS University of London says the U.K. has "really suffered" because Prime Minister Theresa May and opposition leader Jeremy Corbyn are individuals who aren't able to reach across the party divide.
"We're a bit skeptical about the ability of Europe to use stimulus to come out of this," said UBS Chairman Axel Weber.
In two Twitter posts this week, U.S. President Donald Trump hit out at the European Union, even calling the bloc "a brutal trading partner."
Fertility doctors in Greece and Spain say they made medical history after a healthy baby boy was born using genetic information from three parents.
WikiLeaks co-founder Julian Assange has been taken into custody in central London, the U.K. Metropolitan Police confirmed in a tweet. CNBC's "Squawk Box" discuss the implications of the charges.
Viktor Shvets of Macquarie Commodities and Global Markets says the probability of Britain never exiting the EU is now higher than it was two weeks ago.
The EU and U.K. agreed to a flexible extension of the Brexit deadline to the end of October. Mary Creagh, a British member of parliament, says the U.K. should "grasp this opportunity with both hands." She also says the Labour Party is "very clear" that there has to be a public vote on any Brexit deal that comes forward.
Tom Rogers of Oxford Economics says businesses in the U.K. would be in the position to invest, create jobs and raise productivity if there wasn't so much uncertainty over Brexit.
The pound sterling has been trading above the 1.30-level against the greenback over the past month.
Tan Teck Leng of UBS Global Wealth Management says the British pound could weaken to $1.24 if there is "pure, heightened uncertainty" such as if a general election is called.
Donald Tusk, president of the European Council, says the agreed extension to the Brexit deadline is shorter than he expected, but long enough to find the "best possible solution."
The U.K. now has until the end of October to decide its way forward with Brexit. CNBC's Silvia Amaro reports from Brussels.
European Council President Donald Tusk told the U.K. not to waste the additional time that has been agreed on for the country to leave the European Union.
Digital currency exchange Coinbase launched a debit card in the U.K. to make it easier for customers to pay using cryptocurrencies.
Contactless, or "tap and go," is an increasingly popular way to pay around the world. But in the U.S., only 3 percent of cards are contactless. Why? CNBC's Elizabeth Schulze reports.
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