Business

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 desperate measures some families are having to take because they cannot afford the rising prices of infant formula milk. Hartlepool Baby Bank highlighted the “horrendous”

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 Fund (IMF) said today. Unveiling a dramatic upgrade to its outlook for Britain, the Fund, which previously predicted Britain would face the worst 2023 of

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 and it will be available to all users in the coming weeks. Messages will carry a label showing they have been edited – but they

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 warn drinkers about the health risks of drinking alcohol, as well as the calorie count of the product. However, the labels will not be mandatory

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 that following a review it found Micron products have unspecified “serious network security risks” that are a hazard to the country’s information infrastructure. It told

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 familiar with the matter as saying that the penalty from EU regulators will be higher than the previous record – a €746m (£647m) fine for

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 European Championships last year, is training to be an accountant, having decided to pursue it as a potential back-up career. “Originally, when I started it,

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 was founded by the father of Dame Margaret Hodge, the veteran Labour MP, has been the subject of discussions about a fresh change of ownership

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 sale in February after a series of profit warnings, said it had entered a conditional agreement to transfer its business to Strike that would include

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 not been immune from the energy-led surge in costs linked to the war in Ukraine, reported profit before tax and exceptional items of £991.4m for

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 unemployment figures, Jaeger Glucina, the managing director of AI company Luminance, talks about law-focused Artificial Intelligence; and there’s analysis of the headlines from The Times’

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 place it into a new folder that can only be opened by a password or biometric, such as facial recognition or a fingerprint. Calling it

For all its seaside delights, Margate in Kent is one of the most deprived parts of the UK. Amid the cost of living crisis, many families are struggling to make ends meet. Falling ill can become a headlong plunge into poverty – as Kyra Lloyd, a 25-year-old shop assistant, discovered when she began experiencing agonising

Elon Musk has announced he has found a new Twitter chief executive – but is yet to name her. “Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks!” Musk said in a tweet on Thursday. He added that his role within the company will transition to

Adidas has said it plans to sell some of its Yeezy trainers and merchandise from its defunct partnership with Kanye West and donate some of the proceeds to charity. The German sportswear giant has been in a predicament over the Yeezy stock after it cut ties with West over his antisemitic comments late last year.

The governor of the Bank of England has told Sky News he expects inflation to fall “rapidly” in just weeks – but warned two thirds of the pain from interest rate rises is yet to come. Andrew Bailey made the comments after interest rates were increased for a record-breaking 12th successive time, lifting the cost

Google has announced its first folding smartphone, with a market-leading starting price of £1,749. That puts the Pixel Fold well ahead of the Samsung Galaxy Z Fold4, the world’s most expensive foldable handset, which comes in at £1,649. Like its competitor, Google‘s effort has a familiar smartphone form factor when closed but opens up into

One of the world’s biggest private equity investors is in talks to buy United Living Group, a social housebuilder and provider of property and infrastructure services. Sky News has learnt that Apollo Global Management has entered exclusive negotiations to buy the privately held business. One source said United Living’s valuation was expected to be well

JD Sports Fashion will complete the overhaul of its top executive team this week when it raids the owner of the Comparethemarket price comparison site to appoint its new finance chief. Sky News has learnt that the London-listed retailer has finalised the appointment of Dominic Platt, who is currently chief financial officer at privately held

A not-for-profit company set up nearly a decade ago in the wake of the Libor rate-rigging scandal will this week appoint a veteran City banker as its next chair. Sky News understands Jonathan Moulds has been lined up to head the Financial Markets Standards Board (FMSB), with an announcement expected to be made on Tuesday.