Business

On February 29, 2020 the United States recorded its first death connected to SARS-CoV-2, the virus that causes Covid-19. At the time, estimates of the numbers of deaths the newly-identified virus might cause were all over the map. Some said it was no worse than the seasonal flu which, from 2017-2018 had caused 51,000 deaths

The power industry is concerned some companies could be making massive profits on the occasional days when renewable electricity generation slumps. Generators which step up to fill those gaps are charging record prices to “balance” the supply of electricity as our power grid rapidly shifts towards net-zero. The costs are paid by the industry, but

Penske Media subsidiary Rolling Stone has acquired a majority interest in Life is Beautiful, the music, arts and ideas festival held annually in Las Vegas, Nevada. Former Zappos CEO and visionary entrepreneur Tony Hsieh founded the festival in 2013, as part of his vision to transform and revitalize the underserved Downtown Las Vegas community. In the

Downing Street is in talks with Macquarie Group, the Australian lender, to secure a headline-grabbing £10bn investment in British infrastructure that would represent one of the largest-ever such commitments by an overseas company. Sky News has learnt that officials at Number 10 have been negotiating with executives at the bank about the plan – which

Less than a week after a photo surfaced of Los Angeles Mayor Eric Garcetti and Magic Johnson maskless at SoFi Stadium, County Supervisor Katheryn Barger has ratcheted up the pressure on health officials to modify L.A.’s strict mask mandate for outdoor mega-events before the Super Bowl kicks off there on February 13. After the mayor

Bank of England governor Andrew Bailey has suggested that workers should not ask for big pay rises as it battles surging inflation. The Bank has acted to combat accelerating price growth by hiking interest rates to 0.5%. But if employees ask for wage increases to match the cost of living its task could be made

Super Bowl LVI, set for February 13 at LA’s SoFi Stadium, will have a decidedly different feel than last year’s edition. For starters, the stadium will be sold out. A year ago, the game vividly reflected the grueling early phase of Covid, as Tampa Bay’s Raymond James Stadium hosted 24,835 fans, one-third of whom were newly

The boss of British Gas owner Centrica has warned that household bills could see a further increase in the autumn on top of the 54% hike set to take place in April. Chief executive Chris O’Shea told Sky News that “nobody really knows” where the wholesale costs of energy – which are running about four

UPDATED with share price, quarterly stats: Shares of Snapchat parent Snap soared 60% on fourth-quarter gains in revenue and daily active users and a chorus of relief across Wall Street that it’s not Facebook. Why? Shares of Facebook parent Meta went the opposite direction, falling 25% and shedding more than $230 billion in market value,

The Bank of England has raised interest rates, slashed its growth forecast and warned that families are about to suffer the biggest fall in living standards since comparable records began three decades ago. On a red letter day in Britain’s cost of living crisis, the Bank said that households will see their post-tax disposable income

The Los Angeles City Clerk approved a petition for circulation today that aims to have the City Council repeal its requirement that people show proof of vaccination against Covid-19 before entering certain indoor public spaces and outdoor “mega-events.” The effort is backed, in part, by the Libertarian Party of Los Angeles County. The full text

Millions of households will see their energy bills rise to a typical £1,971 a year after regulator Ofgem increased its price cap by 54%. The increase, which will on average see bills for 22 million customers on variable gas and electricity tariffs rise by £693, will take effect in April and follows a 12% rise

“It’s premature for any country either to surrender, or to declare victory,” said World Health Organization Director-General Tedros Ghebreyesus about the fight against Covid yesterday. “This virus is dangerous, and it continues to evolve before our very eyes,” said Ghebreyesus in opening remarks at the organization’s weekly Covid update. “WHO is currently tracking four sub-lineages

Millions of households will discover on Thursday how much their energy bills will rise this spring after the regulator brought forward its announcement of the new price cap. Ofgem will reveal what is expected to be an increase of up to 50% to the price cap for gas and electricity, adding around £700 to bills

AMC Networks has elevated its first head of Diversity, Equity and Inclusion, Aisha Thomas-Petit, to the role of Chief People and Diversity Officer. She succeeds Jennifer Caserta, the longtime IFC executive who segued to AMC’s HR chief in 2018 and is departing after 20 years at the company. Caserta joined AMC in 2004 and spent

Millions of households will discover tomorrow how much their energy bills will rise this spring after the regulator brought forward its announcement of the new price cap. Ofgem will reveal what is expected to be an increase of up to 50% to the price cap for gas and electricity, adding around £700 to bills and

Refresh for latest…: With a major assist from the phenomenal global box office performance of Spider-Man: No Way Home, Sony Pictures Entertainment has recorded a third-quarter profit of $1.314 billion, up a staggering 570% from the comparable period in 2020. Revenues saw a 122% increase to $4.063 billion versus the same quarter the previous year.

Emergency traffic measures to control congestion at the Port of Dover have already been used as many times this year as in the first six months of 2021 combined, following the introduction of new Brexit border checks. Figures provided to Sky News by National Highways reveal the Dover Traffic Access Protocol (TAP), designed to prevent