Business

The stuttering search for a leadership team for Britain’s new “moonshot” scientific research body will conclude this week when ministers announce the appointment of its inaugural chair and chief executive. Sky News has learnt that Kwasi Kwarteng, the business secretary, has signed off the recruitment of Matt Clifford, a co-founder of the technology investment vehicle

Anthony Fauci, who has been the public face of the federal response to the Covid crisis, said that he plans to retire by the end of President Joe Biden’s current term, which is in 2025. Fauci, 81, has served as director of the National Institute of Allergy and Infectious Diseases since 1984, and is also

A Bank of England policymaker has said interest rates could reach 2% or higher in the next year in order to tackle inflation. Michael Saunders, a member of the Bank’s Monetary Policy Committee (MPC), said he did not think that such forecasts from financial markets were “implausible or unlikely”. “Rather than focus on a precise

Mr. Saturday Night will conclude its Broadway run at the Nederlander Theatre on September 4. Based on the 1992 film of the same name, Mr. Saturday Night tells the story of Buddy Young, Jr., an outrageous and outspoken comedian who is trying to reclaim the spotlight some 40 years after making it big. Billy Crystal

The chief executive of LV=, the mutually owned insurance company, is to fall on his sword seven months after a controversial takeover was rejected by members. Sky News can exclusively reveal that Mark Hartigan, who has run LV= for just over two-and-a-half years, will leave the company in the autumn. His departure could be announced

Joe Biden pushed back against criticism of his meeting with Saudi Crown Prince Mohammed bin Salman, telling reporters that he raised the murder of Washington Post columnist Jamal Khashoggi “at the top” of their meeting. But Biden faced criticism of an image that preceded the meeting in Jeddah, when he gave a fist bump to

Saudi Arabia’s sovereign wealth fund, controlled by the country’s de facto leader Mohammed bin Salman, is to become the second-largest shareholder in Aston Martin Lagonda as part of a fundraising to shore up the struggling sports car brand. The company said on Friday it was looking to raise £653m in total. This would be done

ESPN+, which has grown dramatically over the past couple of years while also adding a significant amount of live sports offerings, will increase its monthly price to from $7 to $10 a month on August 23. The 43% rate hike is the second one in a little more than a year for ESPN+, which launched

Internet providers have a moral obligation to help customers through the cost of living crisis, the regulator has said. More and more families are struggling with their internet bills, which often are linked to inflation and have been going up this year. Along with everything else. Ofcom’s networks and communications group director, Lindsey Fussell, told

Beanie Feldstein will miss this weekend’s performances of Broadway’s Funny Girl due to a case of tonsillitis and being “extremely contagious.” Feldstein’s standby Julie Benko will perform as Fanny Brice this weekend. “You just gotta laugh at a certain point,” Feldstein says in an Instagram video posted this afternoon. “When it rains it pours on

Nadhim Zahawi, the new chancellor, will next week throw the government’s support behind a new initiative designed to shore up London’s position as a global destination for major company flotations. Sky News has learnt that Mr Zahawi will use his speech at Tuesday’s Mansion House dinner to give his backing to the Capital Markets Industry

EXCLUSIVE: Palisades Media Group, a multi-faceted agency based in Santa Monica and known in entertainment circles for its marketing work on behalf of Netflix, has abruptly closed after 26 years in business. According to multiple sources, agency employees came to work Friday and an email was sent out early in the morning informing them that

Virgin Media O2 has tabled an offer to buy TalkTalk that would value one of Britain’s biggest broadband providers at about £3bn. Sky News has learnt the mobile phone giant, which is jointly owned by Telefonica and Liberty Global, submitted an indicative bid for Salford-based TalkTalk in recent weeks. Discussions between the two sides are

Netflix juggernaut Stranger Things could not be dislodged from the top spot in Nielsen’s weekly U.S. streaming rankings. Powered by the premiere of the first seven Season 4 episodes on May 27, the series collected 2.95 billion minutes of viewing for the week of June 13 to 19, its fourth outing with billions of minutes

China’s zero-COVID policy is being blamed for a return to the red for its economy, with experts warning that recovery will be hampered by the darkening outlook for output globally. The authorities said the world’s second-largest economy contracted by 2.6% between April and June compared to the previous three months. It meant that Chinese growth

Actors’ Equity says it will place Broadway producer Garth Drabinsky on its “Do Not Work” list just as soon as his financially troubled musical Paradise Square ends its run with a matinee on Sunday at the Ethel Barrymore Theatre. Once he’s on the list, Equity members won’t be allowed to work on Drabinsky’s stage productions

Two further days of rail strikes have been announced by the RMT on 18 and 20 August in the row over jobs, pay and working conditions. The action will see more than 40,000 workers across Network Rail and 14 train operating companies walking out. RMT is also taking 24 hours strike action on 27 July.

Contrary to internet rumors and some published reports, producers of Broadway’s Funny Girl say they were not “blindsided” by star Beanie Feldstein’s Sunday night Instagram post announcing her early departure. Using wording similar to that in Feldstein’s post, producers and Feldstein’s representative have released a joint statement saying that producers had “decided to take the

Train drivers at eight rail companies will strike on 30 July in a dispute over pay, their union Aslef has said. It comes a day after the RMT union said its members at rail operators and Network Rail would walk off the job for 24 hours on 27 July. Mick Whelan, Aslef general secretary, said: