Business

Billionaire businessman Sir James Dyson has issued fresh criticism of the prime minister, claiming his pledge to turn the UK into a science and technology superpower is a “mere political slogan”. The founder and chief engineer of the multinational technology company Dyson also complained – in a letter to The Times – that he has

UPDATE: The WGA East has confirmed that it will be out on the picket line for this week’s upfronts on all three days of events, starting Monday. The pickets will be supported by guest speakers Randi Weingarten, president of the American Federation of Teachers, and Congressmember Maxwell Frost. Presentations are scheduled from NBC, Fox, The

A retirement savings platform which previously secured backing from Legal & General will this week unveil a $95m (£76m) fundraising led by a New York-based private equity investor. Sky News has learnt that Smart, which was founded in 2014, will announce the capital raise on Monday. It will be led by Aquiline Capital Partners, which

UCLA broadcaster Chris Roberts, who called the football and men’s basketball play-by-play for 23 seasons before retiring, died May 12 at his Glendora, Calif., home at age 74. He had complications of Parkinson’s disease, according to the university. Roberts began calling games in the fall of 1992 through the spring of 2015, in the process

Lord Tyrie, the former chair of the competition watchdog and architect of many of Britain’s post-financial crisis banking reforms, is among the candidates vying to head Ofgem, the under-fire energy regulator. Sky News has learnt that Lord Tyrie has put his name forward to replace Professor Martin Cave, who is due to step down as

Enrique Iglesias dropped out of the musical festival Tecate Emblema on the day that he was set to perform due to pneumonia. The Spanish singer was set to travel to Mexico City to close out the first night of the two-day music festival but doctors ordered “absolute rest.” “Dear fans, much to my regret, it’ll

Striking rail workers have vowed to continue walking out until the government “unblocks” their pay dispute on the second day in a row of cancellations. There are 14 rail operators affected by strike action by the RMT union on Saturday – the day of the Eurovision finale in Liverpool – after a separate walkout by

The 100-year-old Forbes brand is now majority owned by a 28-year-old automotive technology CEO. Austin Russell, founder of Luminar Technologies, told the Wall Street Journal he is buying a majority stake in Forbes Global Media Holdings. The deal gives Russell an 82% stake in Forbes, which includes the remaining portion of the company owned by

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

Striking writers in New York City said they disrupted filming of FBI: Most Wanted for a second straight day by heading off a planned location shoot at a public park in Brooklyn on Friday morning and later by causing slowdowns of work on the Dick Wolf-EP’d crime drama starring Dylan McDermott and Alexa Davalos at a nearby

Virgin Orbit has pushed back the deadline for rescue bids as the commercial satellite venture founded by Sir Richard Branson scrambles to avert bankruptcy. Sky News has learnt that the company and its advisers have told would-be buyers of the company that they must now submit final offers by May 19, several days later than

UPDATE: NBCUniversal confirmed that sales chief Linda Yaccarino is leaving the company, amid reports that she will become Twitter’s new CEO. Mark Marshall, who is currently president of advertising sales and client partnerships, will become interim chairman of NBCU’s advertising and partnerships group. He’ll report to Mark Lazarus, the chairman of NBCUniversal Television and Streaming.

The Bank of England has raised interest rates for a record-breaking 12th successive meeting, lifting the cost of borrowing to 4.5% and warning that inflation would be higher this year than it previously anticipated. The Bank’s Monetary Policy Committee said that there would be no recession this year, upgrading its economic growth forecasts by more

CNN’s Anderson Cooper devoted a portion of his primetime program to address the backlash against the network for its town hall with Donald Trump, in which the Republican spewed lies and misinformation before a friendly, cheering audience. “You have every right to be outraged and angry and never watch this network again,” Cooper told viewers.

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

Roku, NFL Films and Skydance Sports are teaming on a documentary feature about the NFL Draft. Once an obscure, bureaucratic ritual involving a conference room full of league officials, the draft has mushroomed into a pop culture event drawing millions of live TV viewers. Long held at New York’s Radio City Music Hall, the draft

The Bank of England is set to impose another interest rate hike on the UK economy today, the 12th consecutive increase in its battle to curb rampant inflation. Both financial markets and economists widely expect a 0.25 percentage point rise to 4.5%. The Bank Rate had stood at 0.1% in December 2021 before the tightening

Stockholders have expressed serious displeasure with 2022 executive compensation at Warner Bros. Discovery led by CEO David Zaslav, according to the result of a vote at the annual meeting Monday that was filed with the SEC today. The so called say-on-pay vote saw nearly half of all votes cast coming out against last year’s comp,

It’s an ugly word for an ugly phenomenon. ‘Greedflation’ is the new buzzword in economics. The thesis is quite simple. While a certain chunk of the inflation we’re currently living through can undoubtedly be put down to higher energy prices and a chunk put down to higher wages as employers pass those costs onto their

Imagine Dragons, in solidarity with the writers strike, showed up at the Netflix picket line to support writers. Dan Reynolds and guitarist Daniel Wayne Sermon gave an impromptu performance in front of Netflix’s headquarters in Los Angeles. The duo performed hits like “Radioactive” and “Whatever It Takes.” Watch the video of Imagine Dragons performing that