Business

Ministers have been urged to take an “active role” in protecting thousands of jobs at Britain’s third largest steel firm after the collapse of a major finance provider. Unions issued the plea after a meeting with Liberty Steel boss Sanjeev Gupta. Mr Gupta’s GFG Alliance, which owns Liberty, admitted that the collapse of Greensill Capital

Thanks to decreased case numbers and changes implemented by the state in response to vaccination efforts, Los Angeles County officials said Monday that they are preparing to advance to a less-restrictive tier of the state’s Covid-19 economic reopening blueprint as early as next week. But whether the county will approve all the reopenings permitted in

ITV says a “majority” of the programmes it makes are now back in production after coronavirus disruption knocked 2020 profits by almost 40%. The broadcaster reported a 16% decline in group revenue for its last financial year as advertising collapsed and its independent production arm ITV studios was forced to switch off cameras when pandemic

Pro wrestling fans in the U.S. will soon be grappling with a significant transition in their streaming habits, with the WWE Network heading to Peacock. Starting March 18, as the companies announced in January, the NBCUniversal service will begin rolling out WWE Network content. Stand-alone WWE streaming service will go dark in the U.S. on

Some 5,000 jobs in the steel industry are in the balance after Greensill Capital, one of the UK’s largest speciality finance companies, went into administration today. Greensill, whose advisers include the former prime minister David Cameron, is a major provider of finance to Liberty Steel – the UK’s third largest steel company. Liberty, which is

German major Leonine has appointed former Hulu and Google executive Heather Moosnick to its advisory board. As Senior Vice President of Content Partnerships at Hulu, Moosnick drove the platform’s content partnership and acquisition strategy across its live and on-demand subscription streaming services. At Google, she served as head of global business development, strategy and content

Deliveroo has flagged a £223.7m underlying loss during 2020 while firing the starting gun on its London stock market flotation. The restaurant and grocery delivery app gave prospective investors a glimpse of its financial performance as it formally confirmed its intention to launch an Initial Public Offering (IPO). Details of the listing, including its plans

Nearly a year after the coronavirus pandemic first touched down in Los Angeles, Public Health officials confirmed more than 22,000 total deaths related to the infectious disease, bringing the county to yet another grim milestone. To date Los Angeles County has identified a total of 22,008 deaths and 1,201,866 cases. Saturday’s coronavirus count sees 1,823

Starling Bank will on Monday unveil the biggest fundraising in its seven-year history when it announces that it has secured more than £270m from investors including one of the world’s biggest sovereign wealth funds. Sky News has learnt that the digital challenger bank will confirm that its latest share sale will exceed expectations, bringing in

UPDATE 6:54 P.M.: Literally Minutes after the HFPA announced more details of their plans to be a more diverse and inclusive organization, Time’s Up responded with “the right words are not enough. The clock is ticking.” In a statement released Saturday night, Time’s Up president and CEO Tina Tchen blasted the HFPA in a case

Deliveroo customers will be offered up to £50m of shares in the company’s blockbuster floatation, with the offer branded “Great food with a side of shares”. The restaurant and grocery delivery app will list its shares in London on Monday with a potential value of £7.5bn, making it the biggest market debut in Britain for

UPDATE, 9:38 AM PT: The Senate passed a $1.9 trillion Covid-19 relief bill after an all-night marathon session. The legislation now heads to the House before it can go to President Joe Biden. The massive spending package would be his first major legislative achievement. The billed passed along party lines, in a vote of 50-49.

Ralph & Russo, the British couture fashion brand which has secured the backing of some of Britain’s wealthiest investors, has deferred salary payments to employees, raising doubts about the state of its finances. Sky News understands that Ralph & Russo informed some staff last month that it could not pay them after seeing sales slump

According to Los Angeles Teachers union President Cecily Myart-Cruz on Friday night, 91% of the union’s members voted to stay out of classrooms until the union’s demands are met. A total of 24,850 UTLA members cast ballots, she said. “That’s powerful,” Myart-Cruz said. “UTLA members have voted overwhelmingly to resist a premature and unsafe physical

COVID test kits will be made available free of charge to small firms as well as larger companies, in a move aimed at giving employers and staff peace of mind. All businesses in England, including those with fewer than 50 employees, will be able to sign up to the government’s free COVID-19 workplace testing programme.

Popcorn and all other concessions will not be sold at the IFC Center, at least for now. But films, actual films, will be projected on all five of its screens for the first time in nearly a year. “The room will be black — you won’t be on your phone!” Kajillionaire director Miranda July marveled

Mike Ashley’s Frasers Group has branded the chancellor’s new business rates holiday “near worthless” for larger firms and is an obstacle to it taking on old Debenhams shops. The Sports Direct and House of Fraser owner said the £2m limit on the amount of relief a company can claim means it will have to review

There are now reportedly nearly 2 million signatures on the petition to remove Gavin Newsom from office. The California Governor is already full-steam ahead in his campaign to beat the effort and keep his job. Newsom has a lot of advantages: Executive orders, the bully pulpit, close friends in the White House, no clear challenger

Holidaymakers face paying more for a UK seaside break this summer with demand for staycations driving up the cost of accommodation by an average of 35% compared to last year. A study by consumer group Which? indicated prices have been hiked in 10 of the UK’s most visited beach destinations, including St Ives, Whitby, Llandudno and

The Senate voted to advance a $1.9 trillion Covid-19 relief bill, which includes direct payments to families and extends enhanced unemployment benefits, but it could be a long slog before there is a final vote. The vote was 51-50, with Vice President Kamala Harris voting in favor to break a tie. The legislation now move