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.
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.
The CEO of Barclays bank is out. Bob Diamond is leaving amid a scandal over banks colluding to fix the price of one of the most important interest rates in the world.
In London, media tycoon Rupert Murdoch and his son James are facing tough questions at a government hearing into news media ethics. When they appeared together before parliament last year, the Murdochs did not get an easy ride. One lawmaker accused them of running their media empire like the mafia.
The British government has announced today that it wants to set a minimum price on beer, wine, and spirits. It hopes the move will help prevent alcohol-related crimes and deaths in the country.