Business

Donald Trump has launched his latest attack on the US central bank, saying the interest rate setters had “failed”. Over the weekend, he said he wanted interest rates to be 1% and that he would “love” for Jerome Powell, the chair of the Federal Reserve, to resign. It comes less than two weeks since he…

New images have been released of the wreckage of a superyacht which sank off the coast of Italy in a storm – leaving its British billionaire owner and his daughter dead. Mike Lynch, 59, and daughter Hannah, 18, were among seven people who were killed when the Bayesian sank off Sicily on 19 August 2024….

Sky’s business correspondent Paul Kelso is joined by the secretary general of the International Chamber of Commerce, Chris Southworth, to discuss the impact of the new UK-US trade deal which took effect this morning. Is the rise of AI exacerbating the UK’s skills gap? One upskilling platform claims it’s costing the UK economy almost £62bn…

Ministers are exploring ways to hand state support to Britain’s remaining oil refineries as they scramble to deal with the fallout from the collapse of the Prax Lindsey site in Lincolnshire which has cast a shadow over hundreds of jobs. Sky News understands that Ed Miliband, the energy security secretary, wants to devise a mechanism…

Something unexpected is happening in British pubs. Buy a pint in Our Gracie’s, Rochdale, and that’s just what you’ll get – no live band, no televised football match, no food – except, perhaps, a pork pie. Money blog: Follow the latest Sandwiched between a Wetherspoon’s and a Hogarths, the independent, wet-led boozer is exactly the…

The owner of the Lindsey oil refinery has crashed into insolvency, putting hundreds of jobs at risk at the energy conglomerate behind the Lincolnshire site. Sky News has learnt that State Oil, the parent company of Prax Group, which has oilfield interests in the Shetlands and owns roughly 200 petrol stations, has been forced to…

Donald Trump has said the US government has found a buyer for TikTok that he will reveal “in about two weeks”. The president told Fox News “it’s a group of very wealthy people”, adding: “I think I’ll probably need China approval, I think President Xi will probably do it.” TikTok was ordered last year to…

The private equity firm at the centre of a string of bidding wars for British companies is leading the £1.7bn race to buy the owner of Argos’s store-card operations. Sky News has learnt that KKR is the frontrunner to buy NewDay Group, which is owned by the buyout firms Cinven and CVC Capital Partners. KKR…

The health secretary has told Sky News the government’s plans to tackle obesity by introducing a health food standard for supermarkets are a “world-first approach” and not “nanny statism”. As part of an initiative aimed at taking some pressure off the NHS, food retailers and manufacturers will “make the healthy choice the easy choice” for…

A healthy food standard will be introduced for supermarkets and other retailers as part of government plans to tackle obesity levels in the UK. As part of a government initiative aimed at taking some pressure off the NHS, food retailers and manufacturers will “make the healthy choice the easy choice” for customers in a country…