Business

How to sum up a year like 2023? Perhaps the best thing to say is that it was considerably less exciting – as far as the economics went – than 2022. And that’s probably no bad thing, because in 2022 much of what passed for excitement was extremely painful: the onset of a cost of

House prices are expected to remain static or fall again next year after a drop of 1.8% since the end of 2022, according to one of the UK’s largest mortgage lenders. Nationwide building society has said a rapid rebound in prices is “unlikely” in 2024 after the fall recorded from December 2022 to 2023. “It

Sir Jim Ratcliffe’s acquisition of a 25% stake in Manchester United Football Club will be announced today, 13 months after the launch of a review initiated by the Glazer family. Sir Jim Ratcliffe’s Ineos Sport will take control of the football side of the club. This breaking news story is being updated and more details

Ashley Kelly is having a December to remember, courtesy of Shohei Ohtani. The Dodgers’ $700 million man gifted a brand-new Porsche to the wife of teammate Joe Kelly. The gift was a token of thanks for her campaign to bring the free agent to sign with the Dodgers. “It’s yours. From Shohei,” Ashley Kelly is told

The British economy increasingly resembles those sepia-toned clips of early American aeronauts trying and failing to get off the ground. Typically these hapless pioneers race along a harbour wall, strapped to a homemade contraption informed more by the spirit of optimism than a realistic grasp of physics. With hand-cranked mechanical wings clanking, they race towards

Filmmaker Sam Pollard, one of the most prolific and important forces in contemporary documentary, will be honored by Black Public Media at its upcoming PitchBlack Awards in New York. Pollard — who directed or co-directed four films and docuseries this year alone, including The League and Bill Russell: Legend — will receive the BPM Trailblazer

A US-based investment firm is to inject hundreds of millions of pounds into the AA, the breakdown recovery service, nearly three years after it delisted from the London Stock Exchange. Sky News has learnt that Stonepeak, which specialises in infrastructure and related deals, is close to agreeing the details of a £450m into the company

New York’s attorney general has sued SiriusXM, accusing the satellite radio and streaming service of making it intentionally difficult for customers to cancel their subscriptions. Attorney General Letitia James’ office said complaints from customers found that SiriusXM forced subscribers to wait in an automated system. That’s before often-lengthy interactions with agents who tried to persuade

The cost of train travel is set to rise by almost 5% next year, according to the government. In England, regulated rail fares will increase by up to 4.9% from 3 March 2024, the Department for Transport has said. The government says the new 4.9% cap is lower than the equivalent in Scotland, where prices

Terry Jill Saperstein, a New York City talent manager who worked with such stars as Danny Gerard, Danielle Rose Russell, Tichina Arnold, Ricki Lake and Joseph Manzello. is dead at 73 after a long illness. Saperstein and her late husband, Dan Nani, started talent agency Nani-Saperstein Management, with Nani managing the adults and Saperstein managing

The cost of shipping goods has increased by 45% in the past week as major companies paused activity in the Red Sea global supply artery and chose diversions that can add an extra two weeks to journey times. The most widely used measure of freight cost, the Shanghai Containerised Freight Index (SCFI), rose by almost

Pete Davidson has canceled shows set for tonight and tomorrow at New York’s Beacon Theater, and has also axed future dates in Pittsburgh scheduled for the New Year. An email sent hours before showtime to ticketholders gave the notice. “Please be advised that the Pete Davidson performances scheduled to take place at the Beacon Theatre

The UK economy has performed worse than previously thought and below the expectations of economists, new official figures show, meaning the country has taken the first step towards recession. There’s been a downward revision to a key measure of economic growth, the Office for National Statistics (ONS) said on Friday morning. Rather than remaining stagnant,

James Gorman, CEO of Morgan Stanley and soon to be a member of Disney‘s board of directors, is not fazed by the possibility of the media giant going through a proxy fight. During a lengthy sit-down with CNBC, the exec acknowledged that a battle is brewing with activist investor Nelson Peltz, whose investment firm nominated

FIFA and UEFA acted unlawfully in blocking the creation of the European Super League (ESL), the European Union’s top court has ruled. The court said both bodies were abusing their dominant position in the sport. But it added its ruling does not mean that a competition such as the Super League must necessarily be approved.

The Directors Guild of America on Thursday unveiled a new Feature Film Diversity & Inclusion report, which spotlights the limited progress that’s been made in the feature space over the last five years, when it comes to the hiring of women and people of color, in stark contrast to what’s transpired in TV. Of the

Government borrowing and debt grew in November, official figures showed, casting doubt on the likelihood of one of the prime minister’s key pledges. In the financial year, from April up to last month, borrowing grew to £116.4bn. That’s the second highest since records began in 1993 and an increase of £24.4bn on the same period

Elon Musk‘s X/Twitter is back up after going down tonight all over the world. The usually reactive owner of the struggling social media platform hasn’t said anything about what happened or why, but for users it was certainly like someone pulled the plug for nearly an hour late Wednesday. Detected by Downdector just before 10

Spring energy bills are projected to ease as energy markets stabilise, according to a closely-watched forecast. Energy bills in the three months from April to June are projected to fall 16% to £1,660 a year for the average user, according to research firm Cornwall Insight. It’s a £268 drop from the energy cap from next