Business

Chancellor Jeremy Hunt has warned there will be no rabbits in the upcoming budget, describing himself as “Scrooge who is going to do things that make sure Christmas is never cancelled”. Mr Hunt spoke to The Sunday Times ahead of Thursday’s autumn statement, which is likely to see a number of tough measures taken to

Innovative guitarist Keith Levene, a cofounder of The Clash and later with Public Image Ltd., died Friday at 65 of liver cancer at his home in Norfolk, UK. Author/writer Adam Hammond confirmed the death. “It is with great sadness I report that my close friend and legendary Public Image Limited guitarist Keith Levene passed away

FTX, one of the world’s biggest cryptocurrency exchanges, is commencing bankruptcy proceedings in the US. Sam Bankman-Fried, its 30-year-old chief executive who once graced the cover of Forbes, is also resigning, days after its bigger rival Binance walked away from a proposed acquisition. His replacement, John J Ray III, said: “The FTX Group has valuable

Mark Kelly has been elected to a full six-year term in the U.S. Senate for the state of Arizona. The incumbent’s close victory puts the Democrats one vital step closer to continuing to control the upper chamber. Three days after the midterm elections, CNN, NNC and others declared the former astronaut, who was elected to

Byron, one of the UK’s best-known burger restaurant chains, is to be flipped to a new owner two-and-a-half years after a brush with insolvency. Sky News has learned that the company, which was one of numerous hospitality sector victims of the COVID pandemic, is working with advisers on a potential transaction. Sources said that the

The New York Times has hired top Axios national political reporter Jonathan Swan, who won an Emmy for his 2020 interview with then-President Donald Trump. Swan will start out covering Capitol Hill, “where he will focus on the Republican party and its fragile coalition in Congress,” according to a memo from politics editor David Halbfinger

The UK economy contracted by 0.2% in the third quarter, early official figures show – prompting the chancellor to warn that the “tough road ahead” will require “extremely difficult decisions”. The figure marked the first step towards recession. The Office for National Statistics (ONS) reported a dip in output for September, leaving gross domestic product

NBA Commissioner Adam Silver is not saying troubled Brooklyn Nets guard Kyrie Irving is anti-semitic. In an interview Thursday with the New York Times, Silver talked briefly about his meeting with Irving this week at the NBA’s office in Manhattan. The meeting followed a series of events where Irving promoted a film that contained anti-semitic

A union representing more than 100,000 civil servants has voted to strike in a dispute over pay, pensions and jobs. The Public and Commercial Services union (PCS), one of the largest unions in the UK, said the legal threshold for industrial action had been reached in 126 separate areas, covering workers including driving test examiners,

The Sundance Institute has announced the addition of Shripriya Mahesh, Lulu Wang and Patrick Gaspard to its Board of Trustees. The trio will now help steer and act in an advisory capacity for the organization, working closely with Board Chair Ebs Burnough and CEO Joana Vicente. Mahesh is the founding partner of Spero Ventures, as

Bitcoin hovered just above a two-year low overnight and other cryptocurrencies suffered heavy losses as FTX teetered on the brink of collapse. It had emerged on Wednesday that the Binance exchange had walked away from a non-binding bailout offer of smaller rival FTX – once the sector’s fourth-largest exchange. Binance said: “As a result of

Staffers at the Bustle Digital Group represented by the WGA East are decrying the layoffs of 21 of their part-time colleagues. BDG voluntarily recognized the guild as the staffers’ bargaining representative two years ago, but the two sides have been unable to come to terms for a first-time contract. BDG is the parent company to

Britain is in the grip of a mental health crisis that is causing workers to drop out of the labour market and fuelling staff shortages. The number of people neither working nor seeking work has ballooned since the pandemic to almost nine million. Figures analysed by Sky News show that this is being driven by

Paul Haggis had an “awkward one-night stand” in 2013 with an infatuated young woman, Haleigh Breest, who wanted more intimacy from the Oscar-winning filmmaker and, when there was none, made up a rape allegation for a #MeToo-adjacent 2017 lawsuit that has “utterly destroyed him,” a lawyer for Haggis told jurors Wednesday in the three-hour first

Meta, the owner of Facebook and Instagram, has become the latest big tech player to wield the axe in the tougher global economy, laying off 13% of its workforce. The firm announced on Wednesday it will cut its global headcount by more than 11,000 employees as part of a wider shake-up of the business that

UPDATE, 11:46 PM PT: After all the rallies, all the ads, all the mudslinging, all the polls and predictions, and all the money, the overall results of the 2022 Midterm elections are up in the air heading towards the midnight hour. With Senate seats in Arizona, Nevada, Wisconsin, & once again pivotal Georgia too close

The owner of Pinewood Group, the most famous studio name in global movie-making, is transferring the company’s ownership to a new vehicle backed by some of the world’s biggest sovereign investors. Sky News has learnt that Aermont Capital, which bought Pinewood in 2016, will announce the move to bondholders on Wednesday. The new corporate vehicle,

Michael Butler, the Tony-winning producer who brought Hair to Broadway in 1968 and later produced the film adaptation and many other productions of the show, died Monday in Santa Barbara. He was 95. His attorney confirmed the news on behalf of Butler’s family but give not provide details. As a producer, social figure and international

The cost of the average annual grocery shop has risen by almost £40 in just one month, according to an industry report which is warning it is too early to say when food price inflation will peak. Kantar Worldpanel reported a fresh record grocery inflation figure of 14.7% for the four weeks to 30 October,

In her first interview since the attack on her husband, House Speaker Nancy Pelosi told CNN’s Anderson Cooper on Monday that it was the result of “a flame fueled by misinformation,” as evidence shows the suspect embraced far-right conspiracy theories. Paul Pelosi, 82, is home and recovering from the early-morning October 28 attack at their