Business

A tumultuous week in the markets ended on an uncertain note – suggesting fears remain after large losses from the collapse of Silicon Valley Bank. The FTSE 100 (Financial Times Stock Exchange) index of the most valued companies on the London Stock Exchange started the day at around the 7,500 mark – better than all

After several days filled with complaints about excessive fees on the $20 tickets to see The Cure – including complaints from its frontman Robert Smith – a report indicates Ticketmaster will give back some of its fees. Rolling Stone reports this evening that Ticketmaster is giving a discount on its fees that more than doubled the

A group of 11 major banks have clubbed together to provide $30bn (£24.7bn) of cash in an attempt to end a crisis of confidence surrounding another major US bank. First Republic, a regional lender, was among those to have seen its share price collapse this week amid sector-wide balance sheet scrutiny prompted by the collapse

EXCLUSIVE: Jesús I. Valles’ play Bathhouse.pptx has been awarded the prestigious 2023 Yale Drama Series Prize, with the honor’s judge Jeremy O. Harris calling the new work an exploration of “a queer history that is quickly being erased.” The prize for emerging playwrights, now in its 16th year, was selected from more than 1,500 entries.

The European Central Bank (ECB) has maintained its fight against inflation and imposed a large set of interest rate hikes despite market turmoil. Bank balance sheets have suffered because of the effect of interest rate increases, which are thought to have contributed to recent crises at Silicon Valley Bank and Credit Suisse. But the central

The Biden Administration appears to be playing hardball, insisting TikTok’s Chinese parent company ByteDance divest the hugely popular video-sharing app in the U.S. According to the WSJ, it’s threatening a ban if that doesn’t happen. In a statement obtained by Deadline, TikTok responded to the sale pressure. “If protecting national security is the objective, divestment

The FTSE 100 and other major European stock markets have taken a beating as concern over the health of US banks crosses the Atlantic. London’s blue chip index lost £75bn in combined market value by the close after suffering its deepest fall, on a points basis, since the early days of the COVID crisis. Sentiment

UPDATE: Eric Garcetti was confirmed by the Senate as the next U.S. ambassador to India, nearly two years after he was first nominated. The Senate voted 52-42 for confirmation, with seven Republicans in support and three Democrats against. PREVIOUSLY: Eric Garcetti’s goal to become the next U.S. ambassador to India cleared a major Senate hurdle

Jeremy Hunt said the British economy is “proving the doubters wrong” and will avoid recession, as he delivered his first full budget speech to Parliament. The chancellor said the government’s plan for the economy was “working” as he announced what he called a “budget for growth”. He said forecasts from the Office for Budget Responsibility

Leaders of the Writers Guild of America won’t discuss the specifics of the contract proposals they’ve exchanged with the Alliance of Motion Picture & Television Producers. But in an interview with Deadline on Tuesday ahead of next week’s start of negotiations, they made it perfectly clear a deal can be reached without a strike if

Tempting as it is to believe that the chaos with Silicon Valley Bank and its British arm are of interest only to members of the tech community and financial nerds, it has already had a very real bearing on all our lives. For evidence, look no further than the money markets, where investors bet on

EXCLUSIVE: Manu Rios, known for his starring role on Netflix’s popular Spanish YA series Elite, has signed with WME for representation. Rios portrays Patrick Blanco in the hit international series, which is heading into its seventh season on the streamer. Rios will next be seen starring alongside Ethan Hawke and Pedro Pascal in the upcoming

A total of 220,000 working days were lost to strike action in January, figures from the Office for National Statistics (ONS) show. In the first month of this year, strike action was taken by teachers, rail workers, driving examiners, bus drivers and NHS staff. The number is down on the 822,000 days lost to strikes

EXCLUSIVE: Actress, singer and author Sandra Bernhard, who most recently appeared in the 11th installment of Ryan Murphy’s FX series American Horror Story, has signed with The Rosenzweig Group for management. Bernhard co-starred as Fran, alongside Joe Mantello, Billie Lourd, Zachary Quinto, Russell Tovey, Leslie Grossman, Charlie Carver, Isaac Powell, Denis O’Hare and Patti LuPone,

The low point came on Sunday evening. For two days and two nights the Bank of England had, alongside the Treasury and its fellow financial regulators, been locked in talks with a stream of potential buyers for the UK branch of Silicon Valley Bank. With the clock ticking down to the opening of financial markets

A year after Benjamin Hall was severely injured when his crew vehicle was struck by incoming fire in Ukraine, the Fox News correspondent has published a book, Saved: A War Reporter’s Mission to Make It Home, due to be released Tuesday. The title refers not just to the attack but to the covert, extraordinary mission

HSBC has bought the embattled UK arm of Silicon Valley Bank (SVB UK), securing the deposits of more than 3,000 customers worth £6.7bn. Confirming a story broken on Monday by Sky’s City editor Mark Kleinman, the Bank of England, which had been preparing to bring the bank into an insolvency process, said all depositors’ money

A new Amazon Prime ad campaign debuting at tonight’s Academy Awards kicks off with a spot directed by Olivia Wilde. The campaign “It’s On Prime” aims to highlight how the world’s biggest loyalty service makes everyday life easier. Lizzo and John Krasinski will also be a part of the campaign, Amazon said. By Wieden+Kennedy in

HSBC Holdings has emerged as a potential ‘white knight’ bidder for Silicon Valley Bank (SVB) UK as the government and regulators seek to avert the lender’s insolvency. Sky News has learnt that HSBC was on Sunday night exploring a bid for the British arm of the stricken technology-focused lender, joining a slew of smaller rivals

A celebration of the achievements of South Asian women was held Saturday in downtown Los Angeles, galvanizing a community to move forward in entertainment and create “space for mainstream wins.” Sponsored by the Product of Culture and South Asian Women in Entertainment, the luncheon aimed to raise awareness and provide networking opportunities. The South Asian