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Russia is suspending natural gas supplies to Poland and Bulgaria. Gas deliveries through the Yamal-Europe pipeline are set to come to a halt on Wednesday morning, officials in Warsaw said. Poland’s state gas company, PGNiG, said on Tuesday it had been told of the move by Russian gas giant Gazprom. Gazprom also informed Bulgarian state

Three lifeboats have been launched to help a P&O ferry that has developed a “mechanical issue” in the Irish Sea. The European Causeway “lost all power”, the RMT union said. It is currently five miles off the coast of Larne, according to tracking website Marine Traffic. P&O tweeted that tugs from Larne and Belfast had been deployed

Interest payments on the national debt rose to their highest level ever last year, as the UK’s public finances reel from the huge cost of the pandemic.  The government’s statistics department said the debt pile stood at £2.3tn last month, with interest payments rising to nearly £70bn, a record amount according to the Office of

Twitter has reached an agreement for the billionaire Elon Musk to buy the social media platform in a $44bn (£34.6bn) deal. The announcement follows, what were reported to be, extensive discussions between Musk and Twitter’s board starting on Sunday that stretched into Monday. Musk announced an offer to buy the social media platform on 14

Oil prices have hit near two-week lows, with analysts pointing to events in China and the US as possible reasons for a fall in demand. The price of Brent crude, the international benchmark, was down by $3.15 or 3% early on Monday, falling to $103.50 a barrel. Earlier in the session, it hit $103.41 –

Twitter is facing increasing pressure from shareholders to seek a deal with Elon Musk. The world’s richest man has offered to buy the social network for $43bn (£33.5bn) – and has accused the company of failing to uphold free speech. Twitter recently adopted a “poison pill” strategy in an attempt to resist a hostile takeover,

Rishi Sunak will this week attempt to put his recent political troubles behind him when he courts City figures at a Conservative donors’ dinner designed to bolster party finances. Sky News has learnt that the chancellor will speak at the event in central London on Tuesday evening, with guests being charged £10,000 for a 10-person

Supermarkets across the UK have placed limits on how much cooking oil that customers can buy due to supply-chain problems caused by Russia’s invasion of Ukraine. Most of the UK’s sunflower oil comes from Ukraine, which has resulted in restrictions applying to that product as well as olive and rapeseed oils at some supermarkets. Tesco

The three final bidders for Chelsea FC are being pressed to provide more details of the club’s proposed administration and governance arrangements as they inch closer to becoming the new owners of last season’s Champions League winners. Sky News has learnt that the remaining consortia vying to buy the Blues for well over £2bn were

The owner of Britain’s biggest chain of upmarket holiday villages is lining up bankers to oversee a review of its options, which could pave the way for an auction valuing it at £4bn. Sky News understands that Brookfield Property Partners, the Canadian property giant, is close to appointing Barclays to advise on the future of

Retail sales plunged by 1.4% last month – far more than expected – as consumers tightened their belts in the face of the squeeze in living costs, according to official figures. The Office for National Statistics (ONS) said the decline was largely driven by a drop in demand for online purchases and pointed to dented

CNN’s parent company is shutting down its CNN+ streaming service just a few weeks after its highly anticipated launch.  After being touted as CNN’s bold entry to the so-called “streaming wars”, the service will cease operating on 30 April, the company said in a statement. The network originally intended to invest more than $1bn into

Elon Musk has secured the financing for his takeover bid of Twitter, including £16.1bn of his own fortune, according to a new regulatory filing on Thursday. The remainder of the funding, amounting to more than £19.5bn, will be provided through two debt commitment letters offering a series of loans from Morgan Stanley Senior Funding. Twitter

The Rail, Maritime and Transport (RMT) Union has announced plans for the “biggest rail strike in modern history” amid an ongoing dispute about jobs and pay. More than 40,000 railway workers will vote on whether to take strike action, which could begin as early as June. The union said Network Rail intends to cut at

Netflix has hinted it could crack down on password sharing after losing 300,000 subscribers in the first three months of the year. This is the first time Netflix has reported a loss in subscribers in more than a decade, with the company warning another two million subscribers could leave in the three months to July.

Streaming titan Netflix lost subscribers in the first three months of this year after years of explosive growth, sending the company’s shares plummeting. After losing 200,000 subscribers in the first quarter, Netflix indicated in its financial results that it could shed a further two million members in the second quarter of this year. The company

Bosses of the UK’s largest energy firms have called on the government to intervene with “unprecedented” measures to prevent a fuel poverty crisis next winter. The chief executives told MPs investigating energy prices that while pre-payment customers were already reeling from the effects of rising bills, they expected the numbers in financial distress to only

The price of more than a million train tickets will be cut by up to half in April and May as the government seeks to ease cost of living pressures – but commuters will not benefit as only off-peak and advanced tickets are included in the sale. Dubbed the Great British Rail Sale, Transport Secretary

A billionaire brewing heir is backing one of the trio of consortia which remain in the hunt to buy Chelsea FC as the auction of the Premier League club enters its final stages. Sky News has learnt that Alejandro Santo Domingo, a Colombian citizen who sits on the board of the Budweiser-owner ABInBev, is part

A court in Jersey has frozen $7bn (£5.4bn) in assets linked to Russian billionaire Roman Abramovich. The assets being targeted are either located in Jersey, or owned by Jersey-incorporated entities, the Law Offices Department of Jersey said. Police searched addresses suspected of being connected to Mr Abramavich‘s business activities on Tuesday. The island of Jersey

The founder of one of Britain’s biggest privately held consumer finance groups is in talks about the sale of a minority stake that would yield a windfall worth hundreds of millions of pounds. Sky News has learnt that Together Financial Services, which specialises in areas such as mortgage lending and auction finance, has asked private