UNITED KINGDOM

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BoE holds fire on rates but rise seen by May

The Bank of England defied critics and kept interest rates at a record low on Thursday, judging the threat from rising inflation will prove temporary and that Britain's recovery remains in doubt.
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LSE tie-up with Toronto pressures other exchanges

The London Stock Exchange agreed to buy Canada's stock market operator TMX, while Germany's Deutsche Boerse was in talks to buy NYSE Euronext, signaling that exchanges globally are looking to consolidate.
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Britain's LSE in deal to buy Toronto exchange

The London Stock Exchange is to buy Canada's TMX stock exchange operator to create the world's fourth-largest trading center and claw back some of the market share it has lost in recent years.
New cars are displayed for sale on the forecourt of a car showroom, in London November 4, 2010.

UK goods trade deficit widens to record high

UK's goods trade deficit surged to record high of 9.247 billion pounds in December from 8.460 billion in the previous month, the Office for National Statistics announced on Wednesday. The widening of the deficit was larger than economists' consensus forecast of 8.6 billion pounds.
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Gunshots heard in centre of Tunis: witnesses

Gunshots were fired in the centre of the Tunisian capital on Tuesday, people in the area said, in a new blow to faltering efforts to restore security after the overthrow of the autocratic president.
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McDonald's rebounds in Europe

McDonald's Corp reported a stronger-than-expected sales rebound in January in Europe, its biggest market for revenue, sending its shares up 3 percent in midday trading.
Britain's Finance Minister Osborne

Britain hikes bank levy

The British government said it will increase the levy on banks by £800-million to £2.5-billion this year – and that it will be permanent.
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WikiLeaks founder Assange fights extradition to Sweden

WikiLeaks founder Julian Assange asked a British judge on Monday to block his extradition to Sweden on sex crime allegations, arguing he would not get a fair trial and could end up facing execution in the United States.
Google Remembers Jules Verne Birthday 20,000 Leagues Under the Sea

Google's New Doodle Honors Jules Verne Birthday

Internet search giant Google Inc. is celebrating 183rd birthday of French science-fiction writer Jules Gabriel Verne by capturing '20,000 Leagues Under the Sea' in its new interactive doodle.
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Debt rating agencies sending right message... at wrong time

The heightened sense of scrutiny surrounding many heavily-indebted rich nations is sending the right message about fiscal discipline but is coming at the wrong point in the recovery cycle for many countries, and could do more harm than it's worth to the global economy.
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Defense firms vie for India orders at air show

Global defense manufacturers, competing to sell products to one of the fastest growing aircraft markets in the world, are poised to unveil new products at India's biennial air show and fight it out for one of the largest export orders in the history of defense.

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