The prime minister of the United Kingdom told CNBC that Parliament can’t “tie the hands” of her government when it comes to Brexit negotiations. The prime minister managed to avert a rebellion among some parliamentarians Tuesday, who were calling for a decisive say if the U.K. ends up walking away from the European Union without […]

The U.K.’s top policymakers have said they want to produce tech companies to rival Silicon Valley giants such as Google or Facebook. On Wednesday, the government announced that technology firms are to invest nearly £2.3 billion ($3 billion) into the country, creating an estimated 1,600 new jobs. The cash injection, the bulk of which came […]

The close relationship between the U.S. and the U.K. means the two countries can disagree on certain issues but still find solutions, British Prime Minister Theresa May told CNBC Wednesday. Speaking in an exclusive interview at 10 Downing Street, May said there are “some” issues where she doesn’t see eye-to-eye with President Donald Trump, but […]

A Saudi-led alliance of Arab states launched the largest assault of Yemen’s war on Wednesday with an attack on the main port city, aiming to drive the ruling Houthi movement to its knees at the risk of worsening the world’s biggest humanitarian crisis. Arab warplanes and warships pounded Houthi fortifications to support ground operations by […]

The U.K. car industry risks becoming extinct after Brexit, according to the president of a prominent business lobby group. Paul Dreschler from the Confederation of British Industry (CBI) claimed Wednesday that U.K. lawmakers had failed to help businesses in Britain make strategic decisions as the date for leaving the European Union loomed. “If we do […]

British consumer price inflation unexpectedly held at a one-year low last month, though rising oil prices suggest an increase could be on its way, according to official figures which keep a Bank of England rate rise in view. Consumer price inflation held at an annual rate of 2.4 percent in May, its joint-lowest since March […]

British mobile phone and electricals retailer Dixons Carphone said on Wednesday it had become the latest victim of cyber crime after discovering unauthorized access to its payment card data. “We have taken action to close off this access and have no evidence it is continuing. We have no evidence to date of any fraudulent use […]

Cloud computing company Salesforce has announced a $2.5 billion investment in the U.K. over the next five years ahead of Prime Minister Theresa May’s Tech Investment Roundtable on Wednesday. The San Francisco-based firm, notable for its customer relationship management (CRM) platform used by multinational companies around the world, said it plans to increase headcount, data […]

Greece and Macedonia have reached an historic accord to resolve a dispute over the former Yugoslav republic’s name that has troubled relations between the two neighbors for decades. Under the deal, Macedonian Prime Minister Zoran Zaev said his country would officially be called the “Republic of Northern Macedonia”. It is currently known formally at the […]

European markets are expected to open in mixed territory on Wednesday, as investors await the latest monetary policy decision from the U.S. Federal Reserve. The U.K.’s FTSE is seen opening 11 points lower at 7,699, the German DAX is seen 12 points higher at 12,852 and the CAC is expected to open 1 point lower […]