Business

The university spin-out venture chaired by Lord O’Neill, the former Treasury minister and Goldman Sachs economist, has secured backing from a syndicate of City investment giants. Sky News has learnt that funds managed by M&G Investments, Lansdowne Partners and Columbia Threadneedle are to invest in Northern Gritstone, a collaboration between the universities of Leeds, Manchester
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UPDATED: Waitress, the Broadway musical featuring music and lyrics by Sara Bareilles, has canceled its remaining performances at the Ethel Barrymore Theatre, producers announced tonight. The decision was made after new cases of Covid were detected among the company and crew. The production was to have run through January 9. Likewise, producers of the groundbreaking
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New York City’s famed New Year’s Eve celebration in Times Square will proceed, Mayor Bill de Blasio confirmed Thursday, but with tighter restrictions due to the Omicron outbreak. Capacity is one big change. In a normal year, about 58,000 people can stand inside one of the viewing areas enclosed by metal gates and supervised by
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Ryanair has revealed a “sudden downturn” in Christmas bookings has prompted it to slash January flights and pencil in annual losses more than twice as large as previously expected. The Dublin-based airline disclosed the figures as it outlined the financial impact of the Omicron variant and recent government restrictions designed to tackle its spread. It
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James Franco has admitted to using his fame “as a lure,” sleeping with students at his defunct acting school Studio 4 and being “completely blind to both “power dynamics” and “people’s feelings” in his first in-depth interview on the sexual misconduct allegations against him, which surfaced in 2018. Franco’s comments came in an interview on SiriusXM’s
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In 2020, the NBA and the NHL were the most assertive major American sports leagues in their efforts to contain the impact of Covid on their seasons. Both leagues employed “bubbles” that sequestered players and employed aggressive testing regimens to continue their seasons. About a year-and-a-half later, their paths have diverged. Today, NBA commissioner Adam
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New economic support for the hospitality sector “borders on insulting” and amounts to “far too little”, the Treasury has been told. Chancellor Rishi Sunak has announced an additional £1bn in financial support for the hospitality and leisure sectors, with every business able to claim a cash grant of £6,000 to help them survive the winter.
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Cinema trade group the National Association of Theatre Owners has promoted Jackie Brenneman to executive VP and  general counsel, which it called a new, “second-in-command” position, and named Todd Halstead director of Government Relations and Strategy Development. The leadership moves are meant to increase the Association’s reach and effectiveness, NATO said. Brenneman has served NATO
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Jagged Little Pill, the Broadway musical of Alanis Morissette songs, will not reopen at the Broadhurst Theater following its current Covid suspension, producers announced tonight. With the announcement, the Tony- and Grammy Award-winning musical becomes the first Broadway casualty of December’s Omicron surge in New York City. In a statement, producers Vivek J. Tiwary, Arvind
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The UK’s tech sector has enjoyed a record year with start-ups attracting more capital than ever before, new data shows. During what was the tech sector’s best year since 2014, some £29.4bn was raised by start-ups and scale-ups, according to figures prepared for the government’s Digital Economy Council, which were released on Monday. That was
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Additional funding to tackle the coronavirus pandemic in Scotland, Wales, and Northern Ireland has been doubled – after the health secretary refused to rule out a two-week circuit-breaker lockdown. The devolved administrations can now spend an additional £860m, the Treasury said, after extra measures and guidance to tackle Omicron were announced by the first ministers
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