The salary cap would save more than £1-billion by the 2014-15, Osborne claimed.
In a scene of anger that looked like a replay of the 1979 Islamic Revolution, dozens of hard-line Iranian students stormed the British Embassy in Tehran on Tuesday, tearing down the Union Jack flag and flinging documents out of windows.
A host of young Korean stars are taking to the stage in London, New York and beyond in a bid to crack one of the final global frontiers for Asian culture -- pop music.
British singer-songwriter Elvis Costello has told fans not to buy a pricey limited edition box set of his music on sale next month, recommending they purchase some Louis Armstrong instead.
French spirits group Remy Cointreau said on Tuesday it was actively looking for acquisitions after cutting first-half debt and said it had the firepower to seal deals worth up to 800 million euros ($1.07 billion).
U.S. computer software company SAS Institute cannot claim copyright protection for the functions performed by its programs, which have been replicated by a rival, an adviser to Europe's highest court said.
George Harrison was, to many observers, the most ‘intriguing’ and ‘interesting’ Beatle since he seemed to have no comfortable ‘place’ in the group.
British finance minister George Osborne will pave the way for several more years of deep government spending cuts, when he reveals forecasts for much weaker growth and a borrowing overshoot of 86 billion pounds over the coming years.
Gold prices barely moved Tuesday as investors awaited the outcome of a critical Eurozone meeting expected to approve a boost to the continent's bailout fund and OK the next tranche of aid to debt-choked Greece.
The complexity fills everybody with such appalling fear. ... The honest answer is that, like everybody else, you try and contingency plan for any breakup of the eurozone.
About $200 million in customer funds missing at MF Global may have surfaced at JP Morgan Chase in Britain, the New York Times said, citing people briefed on the matter.
Human Centipede 2: Full Sequence, a horror film, has been banned by the Classification Review Board in Australia. It made its Australian premiere at the Brisbane International Film Festival three weeks ago.
Asian shares and the euro extended a rally into a second day Tuesday as investors were buoyed by expectations that European policy makers will outline details of how they will leverage a bailout fund to avert contagion in sovereign debt markets.
Asian shares and the euro extended a rally into a second day on Tuesday, as investors were buoyed by expectations that European policy makers will outline details of how they will leverage a bailout fund so as to avert contagion in sovereign debt markets.
The 34-year-old woman has been arrested in London after her tirade of abuse on her fellow passengers on a tram was filmed and uploaded on to YouTube.
Ocean Spray will voluntarily recall certain production lots of Original Flavor Craisins because of the possible presence of small hair-like metal fragments, the company announced Monday.
Teen singing sensation Justin Bieber was named the most searched person this year on Internet search engine Bing on Monday, edging out reality TV star Kim Kardashian and Friends actress Jennifer Aniston.
Teen singing sensation Justin Bieber was named the most searched person this year on Internet search engine Bing on Monday, edging out reality TV star Kim Kardashian and Friends actress Jennifer Aniston.
The Apple product was glowing red and emitting a significant amount of black smoke when it suffered a minor explosion on a Regional Express flight from Lismore to Sydney, Australia. This is not the first time Apple's lithium batteries overheating have caused fires and combustion, and the burning iPhone 4 incident still has no definite cause from Australian authorities.
A cancer vaccine that tackles tumors and out-of-control cells -- a first of its kind -- will soon enter clinical trials in what researchers hope will transform currently fatal diseases into chronic illnesses.
The long-awaited iPhone 4S launch helped Apple Inc (AAPL.O) take top spot in the British smartphone market in October, overtaking phones using Google Inc's (GOOG.O) Android platform, data from research firm Kantar Worldpanel ComTech showed on Monday.
(For other news from the Reuters Global Media Summit, click on http://www.reuters.com/summit/GlobalMedia11?pid=500)