Business

Editor’s Note: On June 22, 2020, veteran editor and Sunwise Media co-founder Ri-Karlo Handy penned a guest column for Deadline on the wide ranging response to his social media call for Black union editors just days beforehand. As Americans took to the streets after the killings of Breonna Taylor and George Floyd to demand an end

Hundreds of UK-based executives at PricewaterhouseCoopers (PwC) are to receive one-off six-figure windfalls from the sale of the global accountancy giant’s mobility services arm. Sky News has learnt that the firm’s 950 partners in Britain will be handed an average of just over £100,000 each following a $2.2bn deal with the private equity firm Clayton

Amber Heard said that she believes that notes taken by her doctor, in which she reported alleged abuse by Johnny Depp, would have made a difference in the jury’s decision in her ex-husband’s defamation case. The notes, though, were excluded from the six-week trial. In the latest excerpt of her interview with NBC News’ Savannah

Britons cannot expect pay rises to keep up with the soaring cost of living, the government has warned. Treasury Chief Secretary Simon Clarke has said matching salaries to inflation risked causing prices in the shops to surge even higher. His intervention comes as more than 40,000 staff prepare for a three-day strike that will cripple

“This is and was about gun responsibility,” reads the text at the opening of a video Uvalde native Matthew McConaughey posted this afternoon on social media. The black and white video goes on to show his meetings — presumably last week after making an emotional statement about gun violence during a White House briefing —

Russia’s economy may take a decade to recover from the crushing sanctions placed on the country following its invasion of Ukraine in February 2022, according to one of Russia’s top businessmen. Returning to pre-sanctions levels could take nearly 10 years as the country remains cut off from half of its trade, said German Gref, the

California Governor Gavin Newsom, long a target of conservative activists, has decided to jump into the lion’s den, joining the Donald Trump-owned Truth Social yesterday. Newsom made the announcement on Twitter this afternoon writing, “I just joined Trump’s Truth Social. Going to be on there calling out Republican lies. This could get…interesting.” His first Truth

Passengers at Heathrow will not face major disruption this summer despite an industry-wide international labour crisis that could take 18 months to resolve, the airport’s chief executive has said. Travellers at airports across the UK faced significant disruption to flights during a chaotic half-term week culminating in the Jubilee weekend, sparking concern that summer holidays

Digital sports firm Fanatics has hired former Dick Clark Productions chief Mike Mahan in the newly created role of CEO of its trading cards and collectibles business. The collectibles division includes brands like Topps, Candy Digital and zerocool. Fanatics acquired Topps from former Disney CEO Michael Eisner’s investment firm Tornante Company last January in a

The Bank of England has raised interest rates for the fifth time in a row to 1.25% and set the scene to act more “forcefully” ahead because of a mounting inflation threat. There had been speculation of a more aggressive tightening after the sharpest rate hike since 1994 of 0.75% was imposed by counterparts at

Common said working on the film Selma turned him into an activist and that a recent seven-month stay in London, where police don’t carry guns, “felt like a weight was off my shoulders” as he talked over his life and career at an event awarding him the Tribeca Festival’s second annual Harry Belafonte Voices for Social

A food industry research body has warned that grocery inflation is due to accelerate over the summer, with higher prices expected to persist to mid 2023. The Institute of Grocery Distribution (IGD) saw a peak for food inflation of 15% in the coming months led by meat, cereal, dairy, fruit and vegetable products. The study

Dr. Anthony Fauci has tested positive for Covid, according to the National Institutes of Health. Fauci has, for many, been the face of the fight against Covid-19 in the United States over the past two years, playing a leading role in the country’s response as well as being its face on TV and online via

The US central bank has increased interest rates by 0.75% to combat inflation – the sharpest hike in 28 years. The Federal Reserve signalled more rate rises to come and projected a slowing economy in the months ahead, along with rising unemployment. The bank raised its benchmark rate to a range of 1.5% to 1.75%,

Two top executives at an L.A.-based Latin music conglomerate were arrested by FBI agents today on charges that they conspired to violate the Foreign Narcotics Kingpin Designation Act by conducting business with a concert promoter with ties to Mexican drug cartels. Angel del Villar, CEO of Del Records and its subsidiary talent agency Del Entertainment,

Nintendo should commission an independent investigation into a problem with the Joy-Con controllers on its Switch games console, consumer group Which? says. The Nintendo Switch was launched five years ago but has been dogged by reports of “drift” – when the console registers movement even though the joysticks are not in use. Nintendo has said

Three leading media execs said upfront sales will wrap up shortly with Paramount and NBCUniversal seeing increases in the high single digits, according to CEOs Bob Bakish and Jeff Shell. Fox Corp. CFO Steve Tomsic was on board with a 9%-to-12% range presented by analyst Doug Mitchelson at a CSFB investor conference Tuesday, noting the

A consumer rights expert has hit out at the aviation regulator while accusing airlines of presiding over a ‘blatant flouting of consumer rights’ following the recent flight chaos. Sue Davies, head of consumer rights at consumer group Which?, told the Business, Energy and Industrial Strategy Committee (BEIS) committee of MPs there were serious, historic, failures

Actress and co-founder of the Honest Company (a consumer wellness products firm) Jessica Alba, has become a Yahoo board member. Alba was chosen from a group of tech, media, finance, sports entertainment and private equity.  Yahoo selected a group of all-inclusive group of leaders to support its new era of growth and transformation. According to

The latest employment figures show inflation taking a bigger bite out of regular pay and an unexpected jump in the jobless rate as people seek to better shield themselves from the cost of living crisis. The Office for National Statistics (ONS) reported that the jobless rate rose to 3.8% in the three months to April