Business

The government has announced a new fixed sum payment for victims of the Post Office Horizon scandal in an effort to provide quicker compensation. An award of £600,000 is on offer to the 86 postmasters who have had their convictions over turned after faulty Horizon software made it appear they were stealing. Anyone who has

Artificial Intelligence is a big sticking point in the current Hollywood strikes. Author and actor Stephen Fry understands why, as he’s been victimized by an AI version of his voice being used in a documentary without his participation. Speaking at the CogX Festival in London on Thursday, Fry played a clip of an AI system

A former governor of the Bank of England has launched a scathing attack on Liz Truss – accusing her government of turning Britain into “Argentina on the Channel”. Mark Carney also said Brexiteers such as the former Conservative leader – who became the shortest-serving prime minister in history when she resigned last year – had

Kristen Welker’s Meet the Press debut was focused on her interview with former president Donald Trump, and their sit-down, his first with a major broadcast network since leaving office, was pretty much what you would expect. Welker tried, successfully at points, to make news and also to counter him on certain key facts. There were

The owner of Waterstones is among a pack of bidders circling The Body Shop after its Brazilian owner hoisted a for sale sign above the cosmetics retailer. Sky News has learnt that Elliott Advisors, the investment firm best-known for its activist campaigns against the boards of some of the world’s biggest companies, tabled an indicative

The long-running strikes by the Writers Guild and SAG-AFTRA are having a devastating impact on union health plans throughout the entertainment industry. With a lack of contributions and a slew of claims pushing its Health & Welfare reserves to the breaking point, IATSE Studio Mechanics Local 476 in Chicago is taking drastic measures, including freezing

At the main roundabout outside Port Talbot steelworks, union reps and those on their lunch break gathered holding a banner: “British Steel – Back It or Lose It!” Some 4,000 are employed by Tata Steel here, more than 12% of the town’s entire population. One of them is Greg Coggins, who has worked for Tata

Anaheim, the Southern California city that’s the home of Disneyland, has released a report on how the theme park’s proposed expansion would impact the environment. On Thursday, Anaheim released a 17,000-page environmental impact report for Disney’s proposed expansion, known as “Disneyland Forward.” There was good and bad in the outlook. The report claims the expansion

Mike Ashley, the high street billionaire, is in talks to sell the online clothing label Missguided to Shein, the giant Chinese online fashion player. Sky News has learnt that the two sides are in detailed negotiations about a deal, which would represent Shein’s first acquisition of a British fashion brand. City sources said that Shein

Apparently, it wasn’t the smoke machines. After being kicked out of a performance of a Beetlejuice musical in Downtown Denver last weekend for vaping, being on her phone and making a racket, Rep. Lauren Boebert (R-CO) made light of the incident, saying she was guilty only of “laughing and singing out loud” and, according to

Business secretary Kemi Badenoch has had a busy week. It started on Monday with a £75m cheque to BMW to secure 4,000 jobs tied to future production of electric Minis at its Oxford plant. It ends with a £500m subsidy to sweeten the decarbonisation, by Indian industrial giant Tata, of its Port Talbot steel plant

Like most rising star comics today, looking to further build their audience while reaping due rewards for their work, Joe Pera is self-releasing his latest special, Joe Pera: Slow & Steady, taking it directly to YouTube. Taped to a packed house at The Opera House of Williamsburg on June 15th, his new hour will premiere

Thousands of jobs are expected to be lost at Britain’s largest steelworks despite a £500m rescue package. The government will make the offer to assist Tata Steel employees who may face redundancy at its site in Port Talbot, as it moves from blast furnaces to greener steel production. Tata is expected to contribute £700m towards

Former WarnerMedia CEO Jason Kilar has been named to the board of Roblox Corporation, the company behind the online game platform and game-creation system. Kilar, who also serves on the board of directors of Wealthfront and Opendoor Technologies, exited his post as CEO of WarnerMedia on the eve of the company’s acquisition by Discovery in

The European Central Bank’s main interest rate has hit its highest level since the creation of the euro in 1999 amid the continuing battle against inflation. The Bank’s deposit rate was raised by 0.25 percentage points to 4% at the latest meeting of the governing council, which manages monetary policy for the 20 countries that

Starz CEO Jeff Hirsch said the long-in-the-works separation of the premium linear and streaming programmer from Lionsgate’s studio unit will be a boost to both entities. “I don’t think the Starz story is as clear as it could be because we’re part of a bigger company,” he said during an appearance at the BofA Securities

Shares in UK-based chip designer Arm Holdings have soared after the firm made its Nasdaq debut on Thursday. The firm’s stock opened at $56.1 (£45.2) per share – 10% above the initial public offering (IPO) price of $51 (£41). Arm, which is still 90.6% owned by Japan’s SoftBank Group, had earlier secured a valuation of

Oliver Anthony is having none of it. The singer behind the left-field chart-topper “Rich Men North of Richmond” said on social media that he has scrapped a September 27 concert in Tennessee because of the high ticket prices. “Cotton Eyed Joe has been cancelled,” he wrote this week on Facebook, referring to the Knoxville venue

UK-based chip designer Arm Holdings has secured a $54.5bn (£43.6bn) value ahead of its eagerly anticipated return to the stock market later on Thursday. Shares in the firm, majority-owned by Japan’s SoftBank Group, are scheduled to start trading today on the Nasdaq in New York. High demand from investors meant it was able to sell

A group of New York City pension funds, along with others from the state of Oregon, have sued Fox Corp. and its officers and directors for “consciously disregarding defamation risk.” Fox News 2020 election coverage promoted “political narratives without regard for whether the underlying factual assertions were true or based on sources worthy of credit,”