Business US debt ceiling: What is it and how devastating would a default be? May 30, 2023 Efforts to prevent the United States reaching its debt limit and to avert a potentially catastrophic default on loan repayments on Wednesday move to the Senate, where the vote on…
Business Food inflation slows in May – but still rises 15.4% year-on-year May 30, 2023 Food inflation in the UK has slowed from April’s record-breaking rise – but is still up more than 15% on the year, new retail figures show. Research by the British…
Business Inflation, debt, retail and AI May 26, 2023 Ian King hears from Chancellor Jeremy Hunt, who says the government will do whatever it takes to bring down inflation, even if that means a recession. He also speaks to…
Business Mortgage costs increase as inflation proves persistent May 26, 2023 Britain’s largest building society has made some mortgages more expensive as the Bank of England’s interest rate is now expected to rise higher than previously thought. Nationwide has said interest…
Business World’s second largest cinema chain to exit bankruptcy May 25, 2023 Cineworld is to exit bankruptcy in July, the world’s second largest cinema operator announced on Thursday. The British chain, which is listed on the London Stock Exchange, filed for bankruptcy…
Business Microsoft lodges appeal against block on $75bn Call of Duty deal May 24, 2023 Microsoft will on Wednesday lodge a formal appeal against British regulators’ decision to block its $75bn takeover of Activision Blizzard, the Call of Duty maker. Sky News understands that the…
Business France bans short-haul flights May 24, 2023 France has banned short-haul flights where people are able to get a train instead, in a bid to reduce carbon emissions. The ban affects journeys that can be completed by…
Business Climate tech specialist Satellite Vu secures £13m funding boost May 23, 2023 A British-based company which uses thermal imaging to detect heat loss from buildings anywhere on Earth has secured nearly £13m in additional funding. Sky News has learnt that Satellite Vu…
Business Facebook urged to ‘stand up for babies’ over unsafe formula milk ads May 23, 2023 Facebook’s failure to stop open containers of baby formula being traded online has put infants in danger, campaigners and charities say. It comes after a Sky News investigation into the…
Business IMF dramatically upgrades outlook for UK economy – but says more cost of living pain to come May 23, 2023 Britain is no longer expected to suffer a recession this year, nor will it have the weakest economic growth in the group of seven leading industrialised economies, the International Monetary…
Business WhatsApp to allow users to edit messages May 23, 2023 WhatsApp will allow users to edit their messages – but only for 15 minutes after they have been sent. The Meta-owned messaging service has started rolling out the new function…
Business Ireland to become first country in the world to put health warnings on alcohol May 22, 2023 Ireland is set to become the first country in the world to put health warnings on alcohol products. Dublin’s health minister Stephen Donnelly signed new regulations on Monday, which will…
Business China bans US chipmaker as tech row with US escalates May 22, 2023 Beijing has stepped up its feud with Washington after announcing products made by US memory chip giant Micron Technology pose a national security risk. China‘s cyberspace regulator said on Sunday…
Business Facebook owner Meta expected to be hit with record privacy breach fine May 22, 2023 Meta is expected to face a record fine later over its transfer of Facebook’s European user data to US servers, according to reports. Reuters news agency cited two anonymous sources…
Business England captain says most sportswomen need back-up careers – as she trains to be accountant May 21, 2023 England captain Leah Williamson has said it’s important sportswomen have another qualification in their locker “in case anything goes wrong”. The Lioness, who led her side to glory in the…
Business Chinese owner explores sale of historic steel trader Stemcor May 19, 2023 The Chinese owner of Stemcor, the historic British steel trader, is exploring a sale less than a year after it last changed hands. Sky News has learnt that Stemcor, which…
Business Online estate agent Purplebricks sold for £1 May 17, 2023 The troubled online estate agent Purplebricks has revealed a sale of the business to rival Strike, for the token sum of just £1. Purplebricks Group, which put itself up for…
Business JD Sports sees further ‘small’ price rises ahead as annual profits hit record May 17, 2023 The chief executive of JD Sports Fashion has told Sky News he sees further price increases ahead following a year of record profits for the retailer. The company, which has…
Business Food summit, jobless rate rises, and Vodafone cuts workforce May 16, 2023 Ian King’s speaking to Andrew Opie at the British Retail Consortium about today’s summit looking at food inflation and supply issues. Chris Gray, Director at ManpowerGroup UK, reacts to rising…
Business WhatsApp announces new locked chats for ‘intimate conversations’ May 15, 2023 WhatsApp users will soon be able to lock and hide conversations, thanks to a new feature. Chat Lock will remove a chat thread from the app’s regular onscreen inbox and…