On 30 June 2015, Greece defaulted on a payment of 1.6 billion euros that it had to make to the International Monetary Fund (IMF). This made Greece the first developed country to default on a payment to the IMF.
The UK's booming buy-to-let housing market could pose a threat to financial stability, the Bank of England has warned. In its biannual Financial Stability Report, the central bank warned that borrowers are finding it easier to access credit, and they ...
LONDON Britain will make a final decision on a 23 billion pound ($36 billion) plan for a third runway at Heathrow Airport by the end of the year, Prime Minister David Cameron said on Wednesday, setting the stage for a political battle over the issue.
The quest for European energy security this week suffered a pair of setbacks in Britain and Germany, two countries with large reserves of shale oil and gas.
MUMBAI: UK-based outsourcer Serco is considering options for its Indian BPO unit whose likely buyout by private equity players is taking longer than expected.