Business

If you ever fly to Washington DC, look out of the window as you land at Dulles Airport – and you might snatch a glimpse of the single biggest story in economics right now. There below you, you will see scattered around the fields and woods of the local area a set of vast warehouses…

Staff at the Bank of England are on alert for potential job cuts in Threadneedle Street after the governor, Andrew Bailey, warned of tough decisions about the institution’s future cost base. Sky News has learnt that Mr Bailey informed Bank of England employees in a memo last week that it was taking a detailed look…

It’s a question your insurer will never answer: how much does your car insurance go up after a claim? Complex algorithms, individual circumstances, the nature of the accident and a list of other factors are all in play, making a definitive answer hard to come by – especially when your premium often rises each year…

Ministers have unveiled their flagship plan to train and recruit workers for the booming clean energy sector, which it is hoping to supercharge in the next five years. Up to £18m of new money has been pledged by the UK and Scottish governments specifically to move those working in the oil and gas sector into…

The world’s biggest packaged food company, Nestle, is to cut 16,000 jobs in the next two years, it announced on Thursday. The cuts around the world come as the company said it was “automating” its processes and increasing focus on “operational efficiency”. Losses will primarily be in white-collar, professional parts of the business, with 12,000…

The former BT Group chief Philip Jansen is being lined up as the next chairman of Heathrow Airport as Britain’s biggest aviation hub prepares to deliver an expansion costing close to £50bn. Sky News has learnt that Mr Jansen, who chairs the FTSE-100 marketing services group WPP, is in advanced talks with Heathrow’s board and…

A funder of YouTube content creators including the Sidemen has landed £80m in new backing from investors including a firm chaired by George Osborne, the former chancellor. Sky News has learnt that Viewture, which was established in 2020, will next week announce new debt and equity funding packages led by Lingotto, an investment vehicle of…

Not all that long ago the prevailing wisdom in economic circles was that where things were made hardly mattered. What really mattered, instead, was how much something cost. But in recent years that has changed – and changed in a big way. Now countries around the world are racing to secure the minerals and materials…

A Post Office Capture victim says delays in the justice system have left him fearing he may never live to see his name cleared. Steve Marston was convicted in 1998 of stealing nearly £80,000 from his branch, based on faulty computer software called Capture that pre-dated the infamous Horizon scandal. His case has been with…

The first Post Office Capture conviction has now been formally referred to the Court of Appeal, marking a major milestone in the IT scandal. The Criminal Cases Review Commission (CCRC) made the decision to refer the case of sub-postmistress Patricia Owen back in July. Mrs Owen was convicted of theft by a jury in 1998,…