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Brits worry if cost of Olympics is worth it

Jul 24, 2012
The 2012 Olympic Games begin in London on Friday, but already a venerable Olympic sport is well underway: The Brits are arguing about the costs and benefits of an event which has so far set them back at least $15 billion.
Posted In: London, Olympics 2012, London Olympics
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Will the Olympics pay off for Britain?

Jul 23, 2012
The London Olympics will put Britain's capital in the spotlight, but some wonder how much of a payoff the Games bring in the long-term.
Posted In: London, Olympics 2012, London Olympics
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Heathrow border agents to strike day before Olympics

Jul 20, 2012
Fears are growing in London that the Olympics may not start smoothly. The union representing border agents at Heathrow airport is planning to go on strike a day before the ceremonies begin.
Posted In: Olympics 2012, London, Heathrow
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Four more banks under investigation in LIBOR scandal

Jul 19, 2012
According to the Financial Times newspaper, four big European banks have joined Barclays in the not-so-prestigious club of financial institutions being investigated for rigging a benchmark lending rate called LIBOR.
Posted In: banking, LIBOR, London
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British Army brought in to fill Olympic security gap

Jul 12, 2012
The British government says it will have to deploy an extra 3,500 soldiers to protect the Olympic Games after a private security contractor abruptly said it would fall short.
Posted In: Olympics 2012, London, Britain
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Tenants angry over Olympic plans for missiles

Jul 9, 2012
Residents of some apartment buildings in London are upset that the British military plans to put anti-aircraft weapons on their roofs during the Olympic games.
Posted In: London, Olympics 2012
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After LIBOR scandal, London fears losing financial crown

Jul 6, 2012
While Wall Street had been bogged down by regulations and scandal, London took the crown for leading global financial center. Now, with the Barclays and LIBOR-rigging investigation, the British city could find itself being regulated as well.
Posted In: LIBOR, Barclays, London
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British Parliament investigating London's financial center

Jul 6, 2012
The British Parliament has started investigating the ethics of London's financial center. This follows that big scandal involving the British bank Barclays, which was fined a half billion dollars for rigging a key interest rate called LIBOR.
Posted In: banking, London, Barclays
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The Shard, Europe's tallest skyscraper, opens today

Jul 5, 2012
Europe's tallest skyscraper is opening today on the south bank of the Thames River. It's called the Shard -- as in a shard of glass -- and it's more than a thousand feet tall. But the real challenge wasn't just building it; they also need to find a way to fill it up.
Posted In: London, architecture, The Shard
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The curse of the skyscraper strikes again

Jul 4, 2012
Tomorrow, The Shard will officially open in London. It's the tallest building in Europe at over a thousand feet high. Meanwhile, Britain's economy isn't looking so good.
Posted In: The Shard, London, Britain, U.K.

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