Business

Britain’s battery sector has been delivered some unexpected good news, after an Australian billionaire told Sky News he will be opening an advanced battery plant in Oxfordshire later this year, creating up to 300 new jobs. Andrew Forrest, the founder of the Australian iron ore giant Fortescue, said he was expanding operations at WAE Technologies,

EXCLUSIVE: Argentinian filmmaker Santiago Mitre (Argentina, 1985) has signed with CAA for representation. Mitre is a writer, director and producer whose most recent feature, Argentina, 1985, last week claimed the Golden Globe for Best Non-English Language Film. The film, co-produced with Amazon Studios, watches as a team of lawyers takes on the heads of Argentina’s

Microsoft is preparing to axe thousands of jobs in the latest move by one of the world’s biggest technology companies to reduce its workforce in the face of a slowing global economy. Sky News has learnt that the US software giant could announce plans to cull a significant number of posts around the world within

Disney came out swinging Tuesday against Trian Partners and owner Nelson Peltz, the activist investor who’s pushing a proxy fight to take a seat Disney’s board. “The current board is the right board for Disney shareholders,” the company said in a filing today with the SEC. “Nelson Peltz does not understand Disney’s business and lacks

Hundreds have lost their jobs after British electric car battery company Britishvolt fell into administration. The majority of Britishvolt’s 232 staff have been made redundant, administrators said, after the group made an application for administration to the courts on Tuesday. It followed talks with investors over a possible sale to keep the firm afloat. A

Lisa Marie Presley will be laid to rest at Graceland where a public memorial service is being planned. The artist and daughter of Elvis Presley died last Thursday, January 12 at the age of 54. “A memorial service for Lisa Marie Presley has been arranged for Sunday, January 22 at 9:00 am on the front

The governor of the Bank of England has told MPs there is still “something of a hangover effect” in the wake of the mini-budget market chaos last year but declared that the hit to mortgages was over. Andrew Bailey used remarks to the Treasury committee to declare that market conditions had returned to normal after

EXCLUSIVE: A+E Studios and Range Media Partners have prevailed in a competitive auction surrounding Swedish crime novelist Christoffer Carlsson’s International bestseller Blaze Me a Sun and its follow-up, Under the Storm, securing film and TV rights to both titles. The announcement comes hot on the heels of Good Morning America‘s naming of Blaze Me a Sun

Davos, the World Economic Forum (WEF) and its founder, Klaus Schwab, have become more famous than ever before in the past couple of years – albeit not for the reasons they might have wanted. As COVID-19 spread and the world battled the pandemic, Mr Schwab and the WEF, not to mention regular delegates such as

Higher interest rates will push the US economy into a recession this year, according to a survey of business and academic economists. The Wall Street Journal reports in a poll that on average, economists put the probability of a recession in the next 12 months at 61%. That’s down slightly from 63% in October’s WSJ

A stricken financial services group that has had its shares suspended amid apparent accounting irregularities will this week disclose that it has received takeover approaches for parts of its business. Sky News has learnt that MJ Hudson, which floated on London’s junior stock market on the day of the 2019 general election, will announce on

Nelson Peltz’s broadside against the Walt Disney Co., and the prospect of a rare proxy fight at the media giant, stunned media circles this week — and a flurry of SEC filings over the past few days suggest plenty more fireworks to come. The activist investor’s demand for a seat on the company’s board and

The energy watchdog must step in to penalise price-gouging behaviour by energy suppliers, according to the head of the lobbying group representing thousands of pubs, restaurants, hotels and gyms across Britain. In a letter to the chief executive of Ofgem from Kate Nicholls, the boss of UK Hospitality, which has been seen by Sky News,

A lawyer for President Joe Biden said that additional documents with classified markings were found at his Wilmington home, after previously saying that a single page was found in that room. Richard Sauber, a White House lawyer, said in a statement on Saturday that because he has a security clearance, he went to the Wilmington

Attempts to settle public sector pay disputes have been undermined by “spiteful” anti-strike legislation tabled by the government this week, the UK’s senior union official has told Sky News. Paul Nowak, general secretary of the Trades Union Congress (TUC), vowed to fight the proposed laws “tooth and nail”, and questioned whether ministers negotiating with public

The NBC News Guild and the Writers Guild of America, East are objecting to a round of layoffs at the network this week, which impacted dozens of employees. The NBC News Guild, which covers digital employees, said that it filed an unfair labor practice charge with the National Labor Relations Board. “Yesterday NBC News management

Land Securities Group, the FTSE-100 property owner, is lining up one of Britain’s most prominent boardroom figures as its next chairman. Sky News has learnt that Sir Ian Cheshire, the chairman of Channel 4 and Spire, the private hospital operator, has emerged as the leading candidate to replace Cressida Hogg as Landsec’s chairman. People close

Alice Diop’s French drama Saint Omer opens in theaters today, and I remember the emotions I felt when I saw the film at Venice last year. It was a very personal experience for me — as if someone was telling my story on screen. At the beginning of my eventual interview with Diop, I asked

Good news has been in such rare supply in economics recently that it’s worth dwelling on it when it arrives. This morning, on Friday 13th of all days, the Office for National Statistics (ONS) announced that the economy had grown by 0.1% in November. This is hardly especially strong gross domestic product growth, but it’s

UPDATE: A New York judge handed down a maximum fine of $1.6 million to the Trump Organization after the company was found guilty last month of criminal tax fraud and other charges. The judge,  Juan Manuel Merchan, imposed the sentence on Friday, per the AP. Former President Donald Trump was not charged in the scheme.