The governor of the Bank of England is opposing plans drawn up by the Treasury that would allow ministers to overrule financial watchdogs on key areas of City regulation. Sky News has learnt that Andrew Bailey has expressed disquiet about a so-called ‘call-in power’ that will be included in the Financial Services and Markets Bill,
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Residents of the vast majority of California’s 58 counties should be wearing masks, according to the CDC. That’s because 40 of those counties are now designated communities with “High” Covid levels. Less than one month ago, the number was 13. The decision to return to mandated face coverings is not up to the CDC, however,
Frustrated travellers face more flight cancellations over the coming weeks, as airlines rush to re-work their schedules. The upheaval comes in response to last month’s announcement that an amnesty will allow airlines to cancel flights while still retaining take-off and landing slots next year. Airlines buy slots to operate their schedules but can lose them
The Day N Vegas music festival won’t be happening this year. Promoter Goldenvoice said today that the third annual event, which had been set for Labor Day weekend at the Las Vegas Festival Grounds, has been canceled due to “a combination of logistics, timing and production issues.” The 2022 fest was to have featured Travis
Tom Glick, a former executive at Manchester City FC’s parent company, is to take over the day-to-day running of Chelsea Football Club in the wake of its £2.5bn takeover. Sky News has learnt that Mr Glick’s appointment could be announced within days by Chelsea’s new owners, although it remained unclear on Friday whether he would
SAG-AFTRA and Netflix, which have been negotiating under a media blackout for a new contract, have agreed to extend their current contract through July 31 to allow bargaining to continue. Their current contract – known as the 2019 Netflix Agreement – had been set to expire today. “During this time, all terms and conditions of
TV advert breaks could get longer and more frequent as part of a review of UK broadcasting rules. The regulator, Ofcom has said market developments, including the availability of online streaming services, meant it would consider an overhaul of advertising regulations. Currently, public broadcasting channels are limited to an average of seven minutes of advertising
Endeavor Group has amended its pending purchase of sports betting company OpenBet in a cash and stock deal that’s now worth $800 million versus $1.2 billion when it was announced in September. The talent agency, sports and events giant led by Ari Emanuel had agreed to pay $1 billion in cash and over 7.6 million
Aston Martin has said it is considering multiple funding options following reports that Saudi Arabia’s sovereign wealth fund was lining up a possible investment worth hundreds of millions of pounds. Responding to the reports, the luxury carmaker said that it was keeping all “funding options under review,” amid uncertainty around the company’s future. Aston Martin’s
Ahead of the July 4 weekend, Los Angeles County today reported 6,529 daily Covid infections, which is very nearly the highest total the county has seen since early February. Only the 7,209 recorded on May 31 is higher. L.A. County Public Health Director Barbara Ferrer said earlier this week that daily infection numbers may be
Chancellor Rishi Sunak has admitted there are “challenging times ahead of us”, hours after official figures charted the longest period for falling disposable income because of soaring inflation. Data from the Office for National Statistics (ONS) covering the first three months of the year revealed that real disposable income had fallen for four quarters in
Nexstar Media Group’s pursuit of majority control of the CW is nearing the finish line, according to people with knowledge of the pending transaction. Word of the deal first surfaced last January, but it has taken some time to iron out details. As currently structured, the deal will see Nexstar take a 75% stake in
Thames Water is to tap shareholders for £1.5bn of new equity in an effort to accelerate its transformation plan, months after it was hit by the latest in a string of regulatory fines. Sky News has learnt that Britain’s biggest water utility is expected to announce on Thursday that its existing investors have agreed to
Walt Disney CEO Bob Chapek won praise in many corners in 2020 for ably steering the company through the devastation of Covid after taking the baton from Bob Iger early in that fateful year. The year-and-a-half since has seen much more blowback along with bouquets, with the sharp pullback in Disney’s share price reflecting in
Three Arrows Capital, a cryptocurrency-focused hedge fund, has plunged into liquidation, deepening the crisis engulfing the global digital assets sector. Sky News has learnt that partners from Teneo Restructuring in the British Virgin Islands has been lined up to handle the insolvency of the Singapore-based firm, which was set up in 2012 by Su Zhu
Grammy winner and Tony nominee Josh Gad has signed with CAA. The actor is best known for voicing Olaf in the Frozen franchise, for which he won a Grammy; his Tony Award-nominated role as Elder Arnold Cunningham in the Broadway musical The Book of Mormon; and his performance as LeFou in the live-action adaptation of Disney’s Beauty
Hilco, the specialist retail investor, is closing in on a takeover of Cath Kidston, the modern vintage brand recently put up for sale by the owner which bought it out of administration just two years ago. Sky News has learnt that Hilco, which has owned an array of prominent high street names over the last
After temporarily shuttering amid a surge in Covid cases last March, China’s Shanghai Disneyland will reopen to the public this week, management at Shanghai Disney Resort said today. Ticket sales and annual pass reservations resume from tomorrow and the park will then return to operations on Thursday, June 30. Shanghai ended its strict lockdown earlier
Heathrow Airport has warned that a proposed reduction in the amount of money it can charge airlines per passenger would result in a major reduction in investment. In its final proposals revealed on Tuesday, the Civil Aviation Authority (CAA) said the average maximum charge – which is passed on to passengers in their air fare
EXCLUSIVE: Ana Brenda Contreras (Dynasty) has signed with AFA Prime Talent Media, a division of Kenan Thompson’s Artist for Artist company, which launched earlier this year. In her English language debut, Contreras starred as Crystal Jennings in Season 2 of the CW series Dynasty, a reboot of the 1980s series of the same name. Up