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LONDON (AP) — Treasury chief Alistair Darling says the Bank of England will lend Icelandic bank Landsbanki 100 million pounds ($172 million) to help ensure that British creditors of the collapsed bank will get their money back....
LONDON, Oct. 13 -- Prime Minister Gordon Brown, given up in Britain as political flotsam just weeks ago, has emerged from the global financial crisis as a leader whose ideas are influencing policy from Europe to Washington.
Paul Krugman, the Princeton University scholar, New York Times columnist and unabashed liberal, has won the Nobel prize in economics for his analysis of how economies of scale can affect international trade patterns.
If a week is a long time in politics, this one's been an eternity for British Prime Minister Gordon Brown, who's gone from being the man without a plan to the man whose plan everybody is now following.
Paul Krugman has been awarded the Nobel prize in economics Gordon Brown's rescue plan was hailed worldwide with Germany, France, Italy and other European governments saying they will follow suit. Has Gordon Brown, the British...
U.K. to inject $63 billion into British banks; overseas markets soar Shaun Curry / AFP - It represented Europe’s most unified response yet to the financial crisis, after weeks where European governments often acted at cross...
The government will wield unprecedented power in City boardrooms following yesterday's staggering bail-out of Britain's banking industry. As part of the £37 billion rescue, Chancellor Alistair Darling will be able to appoint...
Banks turned the screw on the property market on Monday, as the number of mortgages available became more expensive and increasingly harder to get hold of. The moves make a mockery of the Government's master plan to unfreeze...
