UNITED KINGDOM

HSBC To Sack 2,200 Employees

Women walk out of a branch of HSBC at Dubai Internet City in Dubai
HSBC Holdings PLC (NYSE: HBC) plans to cut more than 2,200 jobs in the United Kingdom, where it's most profitable, in a bid to lower costs and boost profit margins, according to published reports.
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Mad Cow Disease: Humans Are Safe, But Is Economy In Danger?

Mad cow disease has emerged once again in the United States, for the first time in six years. The Bovine Spongiform Encephalopathy infection was confirmed on Tuesday. Health concerns were allayed by the USDA, but economic concerns are taking their place.
A tourist poses for a photo next to four telephone boxes next to Hyde Park, in central London

UK Falls Into Double-Dip Recession

The United Kingdom, Europe's third-largest economy, fell into recession in the first quarter when its gross domestic product fell 0.2 percent, a contraction that followed the fourth-quarter's 0.3 percent decline.
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GSK insists it best owner for Human Genome

Drugmaker GlaxoSmithKline said on Wednesday its $2.6 billion bid for long-time partner Human Genome Sciences was full and fair and it was the only obvious owner for the U.S. biotechnology firm.
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Global shares, euro firm on debt demand, earnings hopes

The euro hovered near a three-week high and global shares rose on Wednesday ahead of the U.S. Federal Reserve's policy meeting, due mainly to signs of good demand for euro zone sovereign debt before a German bond sale, and some strong corporate earnings.
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Cove Energy Accepts $1.8B Takeover Offer From Royal Dutch Shell

Britain's Cove Energy PLC, which owns part of a massive natural gas field off the coast of Mozambique, said Tuesday it accepted a sweetened takeover offer of £1.12 billion ($1.8 billion) from a unit of Anglo-Dutch energy giant Royal Dutch Shell PLC.

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