Business US inflation rate drops to lowest level in two years April 12, 2023 The pace of price rises in the US has eased faster than expected. The consumer prices index (CPI) measure of inflation fell to 5% in the 12 months to March,…
Business Police investigate alleged sexual misconduct at CBI business group April 11, 2023 Police are now investigating alleged sexual misconduct at the Confederation of British Industry (CBI). The City of London Police said its inquiries were “at a very early stage”. Detective Chief…
Business IMF’s gloomy words speak more than a thousand forecasts April 11, 2023 You can actually get more of a sense of the mood at the International Monetary Fund (IMF) from looking not at their latest forecasts, but at the kind of vocabulary…
Business World economy entering ‘perilous phase’ with UK to perform worst in G7 this year April 11, 2023 The world economy is entering a “perilous phase” of low economic growth and high financial risk, the International Monetary Fund has warned in its latest set of assessments. The IMF,…
Business Bitcoin tops $30,000 for first time in 10 months April 11, 2023 Cryptocurrency Bitcoin has reached a 10-month high following the worst banking turmoil since the 2008 global financial crash and is now worth more than $30,000. One Bitcoin was worth $30,438…
Business Atom Bank picks advisers to steer £100m fundraising April 9, 2023 Atom Bank, the app-based lender, has picked advisers to secure a further £100m in capital in what is expected to be its final fundraising before an attempt to list its…
Business House prices continue to rise – but at a slower rate April 6, 2023 The average house price continued to rise in March – but at a slower rate than the previous month, according to a closely-watched index. The Halifax House Price Index shows…
Business Nintendo to fix faulty controllers for free after complaints April 5, 2023 Nintendo will now fix faulty Joy-Con controllers for its Switch console for free after years of complaints. The Japanese gaming company has been criticised since shortly after the system launched…
Business Johnson & Johnson agrees to pay $8.9bn to settle claims that talc caused cancer April 5, 2023 Johnson & Johnson (J&J) has agreed to pay almost $9bn (£7.2bn) to settle tens of thousands of lawsuits alleging its talc caused cancer. The new offer massively outstrips its past offering…
Business ‘World’s first’ self-driving bus to launch next month in Scotland April 4, 2023 Full-size self-driving buses will hit the road next month in what is believed to be a world first. Stagecoach has announced the ground-breaking service over Scotland’s Forth Road Bridge will…
Business Online jeweller The Diamond Store aims to sparkle with sale plan April 3, 2023 One of Britain’s biggest online jewellery retailers has hired bankers to explore a sale after a string of unsolicited takeover approaches. Sky News understands that The Diamond Store, which was…
Business Tesla vehicles sales up in first quarter after price cuts April 3, 2023 Tesla saw its sales rise by 36% in the first financial quarter, after two price cuts aimed at boosting demand. The electric car, SUV and heavy truck manufacturer said it…
Business Tesla vehicle sales up in first quarter after price cuts April 3, 2023 Tesla saw its sales rise by 36% in the first financial quarter, after two price cuts aimed at boosting demand. The electric car, SUV and heavy truck manufacturer said it…
Business Oil prices rise after major producers vow to cut production April 3, 2023 Oil prices are up almost 5% after Saudi Arabia and other major producers vowed to cut production. Brent crude, the international oil benchmark, was up 4.85% early on Monday to…
Business UK house prices suffer biggest annual decline since 2009 March 31, 2023 House prices fell by 3.1% year-on-year in March, marking the biggest annual decline since July 2009, Nationwide Building Society said. The figures also showed a monthly price fall of 0.8%…
Business Energy suppliers lose court case over government handling of Bulb sale March 31, 2023 Three energy suppliers have lost a High Court challenge over the government’s handling of the sale of rival Bulb. Bulb was placed in special administration in November 2021 and, almost…
Business Planet Organic puts administrators on standby in race for survival March 30, 2023 The grocery chain Planet Organic has put insolvency practitioners on standby as it races to find new backers in a bid to secure its future. Sky News has learnt that…
Business UK energy sector plans, start-ups and a music takeover March 30, 2023 Ian King is joined by Steve Scrimshaw, vice president of Siemens Energy UK & Ireland, to discuss the government’s plans to drive what it hopes will be a revolution in…
Business UK car production up 13.1%, driven by uplift in exports March 30, 2023 UK car production was up 13.1% year-on-year in February, driven by an uplift in export numbers. The Society of Motor Manufacturers and Traders (SMMT) said that 69,707 cars were made…
Business Data analytics start-up Quantexa gains unicorn status with GIC funding March 28, 2023 Quantexa, a British data analytics company, is bucking the recent trend of technology company valuations by raising a new round of funding that will hand it coveted ‘unicorn’ status. Sky…