Business

UK energy chiefs will gather in Downing Street today to discuss net zero as a debate rages in both main parties about the future of green policies. Industry leaders from EDF, SSE, Shell and BP will meet Grant Shapps, the energy security secretary, just days after the government announced it would grant more than 100

Uber has recorded the first operating profit in its history, after trips rose by more than a fifth in the last year. The American company, best known for its ride-hailing app, recorded pre-tax earnings of $326m (£255m) from its operations after a rise in demand led to 22% more trips booked on the platform in

Wine and gin drinkers will have to shell out more from today as alcohol taxes rise. The shake-up aims to encourage drinkers to cut back by taxing all alcohol based on its strength, rather than the previous categories of wine, beer, spirits and ciders. The increase will see duty rise by 44p on a bottle

Rishi Sunak will head to Scotland on Monday as the Conservatives kick off a week of campaigning on energy security. Number 10 said the prime minister would use the trip to “highlight the central role” the country will play in “defending the UK against disrupted global energy supplies” and reaching the government’s net zero targets.

A consumer debt advice start-up aimed at helping Britons weather the cost-of-living crisis has secured external funding ahead of its public launch. Sky News understands that SuperFi, which is aimed at an estimated 18m adults who are wrestling with monthly household bills, will announce on Friday that it has raised $1m in a pre-seed round.

Tech giant Meta is the latest company to beat Wall Street revenue expectations as the number of people using its platforms grew, but Metaverse losses mounted and AI spending rose. Revenue at the WhatsApp, Instagram and Facebook parent company was up 11% to $32bn (£24.7bn), greater than the 7% growth expected by analysts. User numbers

The Federal Reserve – the US central bank known as the Fed – has recommenced its programme of interest rate increases. The rate has been increased by 0.25 percentage points in an effort to further bring down inflation. The Fed had decided to hold interest rates last month, after 10 consecutive rises, as inflation fell

A British healthcare company which allows patients to perform blood tests at home to aid their cancer treatment has received a $20m (£15.4m) funding shot in the arm. Sky News understands that Entia, which has previously struck partnerships with the likes of Pfizer, the American pharmaceuticals behemoth, will announce this week the closing of a

In Premier League rules strengthened in March, being convicted of corruption would disqualify someone from owning or controlling a club. But Tottenham insist Joe Lewis should no longer be described as their owner while fighting charges in the US. A change quietly made last year saw Lewis officially cease to be someone with “significant control”

The energy regulator has published a series of proposals that, it hopes, will provide greater protections for households and businesses in time for the coming winter when gas and electricity charges peak. Ofgem said it was responding to complaints about poor customer service standards through planned new rules to ensure households can contact suppliers and

Robinhood Markets, the US stock trading app, has hired a senior executive from Freetrade, a British fintech company, to spearhead revived plans for a UK launch. Sky News has learnt that Jordan Sinclair, a former Barclays executive, has been appointed as Robinhood’s UK CEO. A filing registered with the Financial Conduct Authority shows Mr Sinclair’s

Elon Musk has said the Twitter name “does not make sense” as he rebrands the platform into an “everything app” called X. The world’s richest man has not been shy of putting his own stamp on the site he bought for $44bn (£38bn) last October and has now embarked on the most dramatic change in

Spotify is raising the price of its ad-free premium service in more than 50 countries, including the US, UK and Ireland. The music-streaming company, which has more than 200m Premium subscribers, said the move will result in a $1 (78p) increase for US-based plans. This means the price of a single plan will now start

A Conservative peer who played a key role in establishing the Culture Recovery Fund during the ravages of the pandemic is being lined up as the next chair of Historic England. Sky News has learnt Lord Mendoza, the provost of Oriel College, Oxford, is expected to be unveiled in the post in the coming weeks.

Credit Suisse has been fined a record £87m by the Bank of England for “extremely serious” risk management failures. The bank, which was subject to a forced takeover by Swiss rival UBS earlier this year, fell “well below” regulatory standards in its dealings with private investment firm Archegos Capital Management, officials said. Credit Suisse lost

The BBC has issued an apology to Nigel Farage over a story on the closure of his Coutts bank account, “which turned out not to be accurate”. In a statement, the broadcaster said: “Because of this evidence, we have since changed the headline and the copy on the original online article about his bank account

Elon Musk has unveiled a rebranding of Twitter with a large X logo. The company’s chief executive Linda Yaccarino “tweeted” an image of the apparent new logo beamed on the side of its headquarters in San Francisco, California. “Lights. Camera. X!” she wrote. Twitter This content is provided by Twitter, which may be using cookies

Google is testing whether artificial intelligence (AI) can be used to write news articles – but insists it won’t replace journalists. A spokesperson for the search giant said it was in the “earliest stages of exploring ideas” for how the technology could enhance “work and productivity” in a newsroom. They cited coming up with headlines

Tesla has shared a new look of its upcoming Cybertruck vehicle – almost four years after it was announced. The unusual looking electric pick-up truck, first unveiled back in 2019, is nearing full production – and company boss Elon Musk has said deliveries should begin by the end of the year. He provided the update

The owner of Facebook has announced plans to make its version of the artificial intelligence technology behind ChatGPT free for researchers and companies to use. The latest version of Meta’s large language model, called LLaMa 2, will rival OpenAI’s GPT-4, which powers the chatbot app. The technology came to the fore last November after the