Business

More dates have been announced for London Underground strike action this month. The trade union for train drivers, Aslef (Associated Society of Locomotive Engineers and Firemen), announced it is to stage walkouts on Wednesday 26 July and Friday 28 July. Strikes had already been announced by the RMT union, representing different grades and sections of

Sarah Silverman and two other authors filed class-action lawsuits against OpenAI and Meta, claiming that the companies’ artificial intelligence software programs pilfer from their copyrighted works. The lawsuit reflects a growing debate over when emerging artificial intelligence technology crosses the line into infringing on copyrighted works, a question that came up in a recent congressional

Heads of the UK’s biggest banks have been summoned by the UK’s financial watchdog over concerns interest rates on savings are too low. Higher Bank of England interest rates have led banks to put up mortgage costs, but savings rates are not rising as fast – a situation Chancellor Jeremy Hunt has said “needs resolving”.

In a move to inject some excitement into its regular season, the National Basketball Association has unveiled its new in-season tournament. The NBA Cup is a European cup-style competition that adds some sizzle to the early season schedule. Players on the winning team will get $500,000 each. “This is a concept that has been rumbling

The escalating row between Boohoo and Revolution Beauty, the AIM-listed retailer, is poised to intensify with a complaint to the junior stock market regulator. Sky News has learnt that Boohoo is drafting a letter to the AIM regulatory authorities demanding that Revolution clarifies an earlier stock exchange announcement that the online clothing retailer had obstructed

Elon Musk’s attorneys have filed suit against the law firm that represented Twitter when Musk was trying to buy the company last year, claiming an overcharge when the company was transitioning to new ownership. Wachtell, Lipton, Rosen, and Katz, which was Twitter’s firm prior to Musk’s acquisition, racked up a $90 million “last minute” legal

BT Group has kicked off a formal search for a successor to Philip Jansen, its chief executive, as he weighs a number of job opportunities in the US. Sky News has learnt that BT is working with the search firm Spencer Stuart on a process to identify a successor to Mr Jansen, who took on

EXCLUSIVE: As SAG-AFTRA prepares for a possible strike next week, Fran Drescher, the guild’s president, said in a recent email chain that she was willing to go on strike in 2021 over Hollywood’s Covid vaccination mandates. Drescher, who had been the leading voice among union leaders against the mandates, on Thursday told critics who accused

Britain’s biggest water company is this weekend corralling its shareholders to support a major capital injection as it prepares to publish delayed annual accounts. Sky News has learnt that Thames Water has secured backing from investors including Omers, the Canadian pension fund, and the Universities Superannuation Scheme (USS) for a commitment to provide new equity. Further

On Thursday, a lawyer for Elon Musk’s Twitter accused Meta of leveraging “trade secrets” to launch its Twitter competitor, Threads, which garnered more than 30 million sign ups in its first 24 hours of operation. Musk’s threats, however, did nothing to slow adoption of the new platform. In fact, user takeup increased. By Friday, Meta

Wilko, one of Britain’s biggest discount retailers, is racing to secure a cash injection as it prepares to launch a financial restructuring aimed at securing its future. Sky News has learnt that Wilko, which is owned by its founding family and employs about 12,000 people, is working with advisers to raise tens of millions of

SAG-AFTRA is making picket signs in the event of a strike next week. “If a strike becomes necessary, we’re ready,” the guild said in postings on social media Friday. A strike, if it comes to that, would be the actors first against the film and TV industry since 1980, when pre-merger SAG and AFTRA struck to

The Empire Cinemas chain has entered administration, leading to the loss of 150 jobs and the closure of six cinemas. Eight of the 14 cinemas in the group – under the Empire Cinemas and Tivoli brands – will remain open. But the locations that have been closed with immediate effect are: • Bishop’s Stortford• Catterick

EXCLUSIVE: Some of the UK’s top film and TV studios have raised concerns with Culture Secretary Lucy Frazer over a property tax bombshell that has this week put the breaks on Sunset Studios’ major expansion into the British market. Deadline understands that Frazer has held talks with industry representatives about potentially eyewatering increases in business

Money markets have begun to price in a Bank of England interest rate of 6.5%. The interest rate on ten year government bonds (the gilt yield as it’s sometimes called) exceeded the peak it hit after the mini-budget of September last year – that one which provoked a crisis in many parts of the bond

Continuing the recent trend of artists being assaulted by thrown objects while on stage, Drake has become the latest victim. The Canadian singer-rapper was hit on the left wrist Wednesday night in Chicago while performing the song “So Anxious.” Drake looked at the phone on the ground, but didn’t indicate that he was injured or

Several days of strike action on the London Underground have been announced from 23 July in a row over pensions, job cuts and attacks on working conditions, according to a union. The RMT said different grades and sections of the Tube would take strike action from Sunday 23 July until Friday 28 July. Advertisement

Matthew Serino, who with business partner Nancy Coyne cofounded one of Broadway’s leading advertising and marketing agencies in Serino Coyne, died June 19. He was 79. His death was confirmed to Deadline by his son, Chris Serino. “Sadly my dad passed away on Monday, June 19 after spending a beautiful Father’s Day together with his

Higher wages are the “biggest driver of price rises” for two-thirds of businesses, according to the findings of a report which will do nothing to ease worries at the Bank of England that inflation is coming under control. The British Chambers of Commerce’s (BCC) economic survey of its members, covering April to June, showed that

In a gimmick borrowed from European soccer leagues, the National Basketball Assn. has reportedly set plans for a new In-Season Final Four Tournament.  ESPN reports the league’s schedule addition will be set for Dec. 7 and 9 in Las Vegas. Full details on the competition — including groupings — will be unveiled Saturday night in Las