Business

The former owners of The Daily Telegraph have tabled a proposal to restructure its debt to Britain’s biggest high street lender in a last-ditch attempt to regain control of the right-wing newspaper. Sky News has learnt that the Barclay family submitted an offer to Lloyds Banking Group on Wednesday that would have entailed the bank

EXCLUSIVE: Korean-American actor and artist Joseph Lee has signed with Anonymous Content. Lee most recently starred opposite Ali Wong and Steven Yeun in the dark comedy Netflix series Beef, in the breakout role of Amy Lau’s (Wong) happy-go-lucky husband “George Nakai.” The series follows Amy and Danny Cho (Yeun) who find themselves involved in a

The UK jobs market had more candidates going for fewer jobs last month with wages increasing more slowly than before, according to a closely watched survey. May had the highest number of jobseekers in two and a half years as more people were made redundant and hiring slowed, a survey of 400 UK recruitment and

Voting is now underway for the ratification of the new DGA film and TV contract. Members were sent ballots tonight along with the memorandum of agreement, as well as an executive summary of the new deal with the Alliance of Motion Picture and Television Producers. The tentative agreement was approved last night by the DGA

The Daily Telegraph newspaper has inched closer to a sale after Lloyds Banking Group seized control of its parent firm over unpaid loans and placed it in the hands of receivers. Sky News has previously reported how the bank was understood to have undertaken the drastic move and was in the process of appointing investment

On-location production of scripted TV series has ground to a complete halt in Los Angeles due to the five-week-old Writers Guild strike, according to data compiled by FilmLA, the city and county film permit office. “In a normal week at this time of year, there would be dozens of scripted television projects in production. By

Britain will have the highest inflation of any major developed economy this year but should narrowly avoid recession, the Organisation for Economic Co-operation and Development (OECD) has said in its latest set of forecasts. The Paris-based OECD – a club of rich countries – said that inflation in Britain will be higher in 2023 than

Reddit is joining a growing list of tech companies contracting due to the bumpy economy, telling workers it plans to lay off 5% of employees and scale back new hiring. The moves, reported by multiple media outlets, were conveyed in an internal memo from CEO Steve Huffman. The privately held, San Francisco-based company is understood

Britain’s biggest high street lender is lining up bankers to launch a £600m auction of the Telegraph newspapers and The Spectator magazine within days amid a bitter row with the titles’ long-standing owners. Sky News has learnt that Lloyds Banking Group is being advised by Lazard on its options for some of Britain’s best-known media

Bret Baier will interview former President Donald Trump for Fox News’ Special Report on June 19. The interview is potentially significant for Fox News’ plans to host the first GOP presidential debate on Aug. 23 in Milwaukee, and Baier would be an obvious choice to moderate the event. Although Trump recently participated in a Fox

The CBI faced ridicule hours before a vote on its future on Tuesday after a senior executive hailed its “transparent” handling of the misconduct crisis which has left it facing collapse – despite blocking the media and resigned members from watching a pivotal general meeting. Sky News has seen an email sent by Henry Aldridge,

SAG-AFTRA members have voted overwhelmingly to authorize a strike if upcoming contract talks fail to produce a satisfactory agreement by June 30. The vote revealed Monday was 97.91% in favor, with nearly half of eligible members — 47.69% — casting ballots. According to the union, nearly 65% of eligible members voted. The vote comes just

British Airways (BA) has revealed all its staff who are paid in the UK have been caught up in a cyber incident that has exposed personal data including bank and contact details to hackers. It emerged last week that a so-called zero-day vulnerability – a flaw – in the file transfer system MOVEit, produced by

Three days after being hit with a scathing sexual harassment lawsuit by his former personal assistant, A-list DJ Paul Oakenfold has put his own spin on the situation. Taking to social media this morning, the Grammy nominee denied all the claims of misconduct and repeated acts of public masturbation again him, plus the executive who

The embattled CBI business lobby group faces another threat – this time in the form of rival business group and challenger the British Chambers of Commerce (BCC). The group has founded a new lobbying body, the Business Council, with some of the UK’s biggest businesses. Founding members of the new body include Heathrow Airport, oil

SAG-AFTRA, which begins negotiations for a new contract on Wednesday, said today that its bargaining strategy remains unchanged in the wake of the tentative deal made last night by the Directors Guild and the studios. “Our bargaining strategy has never relied upon nor been dependent on the outcome or status of any other union’s negotiations,

Apple is expected to announce a mixed reality headset – its first brand-new product for eight years – at its annual event for developers. The tech giant’s WWDC showcase is usually reserved for software reveals – notably the next major updates for its iPhones, iPads, and Macs – but this year fresh hardware is on

The Writers Guild wants to take a bite out of Apple. Deadline has confirmed that the guild plans to bring its monthlong strike to the front door of streamer Apple TV+ on Monday. In a deft move, the WGA action at Apple HQ in Cupertino, CA, dovetails with the kickoff of the Tim Cook-led company’s

Siemens, the German-based industrial technology giant, is this weekend leading a last-ditch rallying cry to save the CBI, the ailing business lobbying group. Sky News has learnt that Siemens, which employs 11,000 people in Britain, is coordinating a letter among a group of CBI members to urge them to publicly endorse its survival. The letter,

The Directors Guild and the studios have reached a tentative agreement on a new three-year contract. The deal comes on the 33rd day of the Writers Guild strike, and just four days before SAG-AFTRA sits down at the bargaining table with the Alliance of Motion Picture and Television Producers – and two days before Monday’s