Business

The cost of UK state borrowing is close to a 15-year high – levels seen only twice since the global financial crash. The amount the UK government has to pay – the yield – to borrow money for 10 years via its benchmark 10-year bonds – known as gilts – rose to more than 4.7%

Thanks, George. But your proposal to take the cap off union dues in order to end SAG-AFTRA‘s strike isn’t legally compatible with the union’s contract. So said SAG-AFTRA President Fran Drescher in a video posted to Instagram in response to George Clooney and other A-List actors‘offer to pay more into the union coffers. The Clooney

Nokia has revealed plans to shed up to 14,000 jobs following a slump in sales. The Finland-based telecoms technology firm, which has 86,000 staff worldwide, said it was launching a cost-saving drive across the business in a bid to boost its margins. Nokia reported a 20% fall in sales during its third quarter. Comparable net

The nonprofit Sundance Institute today announced four newly appointed additions to the Institute’s Board of Trustees. Tessa Thompson, Pete Nicks, Nina Fialkow, and Kimberly Steward have joined the leaders who guide the entire organization and also act in an advisory capacity. They add to the Institute’s Board of values-based leaders, building an enduring, evolving community

High levels of national debt will hurt the UK’s ability to fund public services and respond to economic crises, a think tank has said. Not in the last 300 years has there been as large a peace time increase in the amount of government borrowing, the Resolution Foundation said. In the last 15 years alone

Hundreds of protesters were arrested on Capitol Hill today as they demonstrated inside the Cannon Office Building, chanting for a ceasefire in the Israel–Hamas war. The demonstrators initially protested on the Capitol grounds, but then made their way into the rotunda of the office building, where a number of media outlets have crews for correspondents

Last month’s inflation data release completely changed the outlook for Britain’s economic policy. The number came in far below what economists had expected, prompting the Bank of England to pause its rises in interest rates, with wider implications for the state of the British economy. This month’s inflation release – covering the rise in prices

The rate of inflation failed to nudge downwards as expected last month, remaining at an annual rate of 6.7% according to official figures. The headline consumer prices index (CPI) measure had been predicted to slow to 6.6% in September by a Reuters poll of economists. The higher than expected number – largely a consequence of

EXCLUSIVE: Some of Hollywood’s biggest names met with the leadership of SAG-AFTRA today to get the lowdown on the breakdown of talks with the studios and streamers last week. George Clooney, Emma Stone, Ben Affleck, Tyler Perry and Scarlett Johansson were among a group of top talent guild members that spoke Tuesday with guild president

The UK has more than its fair share of looming infrastructure priorities. There’s a neglected water network that leaks sewage into rivers and clean water into the ground. A rail system in disarray after the last-minute scrapping of HS2. Not to mention roads filled with enough potholes to swallow fleets of electric cars there aren’t

The changes at Showtime continue. Paramount Global confirmed Tuesday that the network’s sports operation will be dissolved by the end of the year. Showtime will honor its 2023 obligations, airing the remaining boxing commitments. “As we evolve our strategy to more efficiently allocate resources and align our content offering across the business, we’ve made the

UPDATED, 4:13 PM with new Biden statement: A horrific strike upon a hospital in Gaza today that has left hundreds dead has derided President Joe Biden’s trip to the Middle East before Air Force One even took off. Coming a week and a half after Hamas terrorists swarmed Israeli border towns and military camps killing

The upmarket shoe retailer Kurt Geiger is being groomed for a £400m sale by its private equity backers. Sky News has learnt that Cinven is working with advisers at Bank of America on a prospective auction of the brand. City sources said on Tuesday that a sale process was expected to begin in the coming

It’s been nearly three weeks since SAG-AFTRA‘s talks with the video game industry broke off, but a power-up is on the horizon. The union said today that negotiations for a new Interactive Media Agreement will continue. But as for when — stay tuned. Bargaining “will continue with new dates to be released as soon as

A recession is on the horizon and the chancellor “is in a terrible bind” as low growth and high-interest payments on debt mean little room for manoeuvre, according to a respected think tank. The UK economy is stuck between the possibility of low growth and persistently high inflation, the Institute for Fiscal Studies (IFS) said

EXCLUSIVE: National Geographic Documentary Films has signed a first-look production deal with director Sara Dosa and producer Shane Boris, the team behind NatGeo’s Oscar-nominated hit Fire of Love. The deal, with Dosa and Boris’s newly formed shingle Signpost Pictures, covers documentary features. “As part of the first look,” National Geographic said in a release, “Dosa, Boris

The former owners of The Daily Telegraph have tabled a blockbuster £1bn bid that they believe will end rival suitors’ hopes of buying the broadsheet newspapers. Sky News has learnt that the Barclay family has lined up financing from Abu Dhabi investors to lodge a knockout offer that would repay the debt owed by their

UPDATE, Sunday: President Biden told 60 Minutes that it would be a “big mistake” for Israel to occupy Gaza but said that the country had to respond to the Hamas attack last weekend. Asked by Scott Pelley whether it was “time for a ceasefire” given the loss of life, Biden said, “Look, there’s a fundamental

Metro Bank has set a quickfire timetable for rivals to snap up a substantial chunk of its mortgage book. Sky News understands that Metro Bank wants bidders to submit offers at the beginning of next month, with Barclays, Lloyds Banking Group and NatWest Group all having an indicated an interest. News of the timetable comes

Lionsgate CEO Jon Feltheimer‘s compensation rebounded to prior levels in fiscal 2023, reaching $21.5 million. In the most recent fiscal year, the exec’s pay totaled $5.6 million, down sharply from $19.2 million in fiscal 2021. The company disclosed the figures as part of a proxy filing with the SEC. Vice Chair Michael Burns saw his