Business

Consumers are shopping at a supermarket in Qingzhou, China, on June 12, 2024.  Nurphoto | Nurphoto | Getty Images BEIJING — China’s consumer price inflation rose by 0.2% in June from a year ago, missing expectations, while producer prices fell in-line with forecasts, data from the National Bureau of Statistics on Wednesday showed. China’s consumer

Dyson has revealed plans for 1,000 job losses in the UK. The manufacturer of innovative vacuum cleaners and other products said the cuts, which amount to more than a quarter of its UK workforce of 3,500, followed a review of its global needs. It is understood the decision is not linked to the UK general

There’s a 40% chance President Joe Biden will not seek reelection, according to Stifel. Brian Gardner, the firm’s chief Washington policy strategist, is out with a research note that calls it a “make or break week” for the president’s campaign as Congress returns from its Fourth of July recess. “There’s a 60% chance, more likely

School uniform costs can hit families’ pockets hard, especially if you’re sending more than one child off to the school gates every morning. To get the most out of your money, it pays to buy early. That’s why we’ve run through all the best deals and discounts you can get on school uniform before the

Two Democrats with a powerful network of friends are circulating a proposal for President Joe Biden to bow out of the 2024 race and launch an expedited Democratic primary to choose a new nominee before the August convention. Rosa Brooks, a Georgetown University law professor who previously served in both the Obama and Clinton administrations,

The founder of Revolut is to cash in part of his multibillion dollar stake in the company as part of a $500m (£391m) share sale. Sky News has learnt that Nik Storonsky, who is the fintech giant’s chief executive, plans to offload stock worth tens or even hundreds of millions of dollars in the secondary

Republican presidential candidate and former U.S. President Donald Trump attends the first presidential debate hosted by CNN in Atlanta, Georgia, U.S., June 27, 2024. Marco Bello | Reuters U.S. District Judge Aileen Cannon on Saturday granted former President Donald Trump’s request for further briefing on the issue of presidential immunity in the Mar-a-Lago classified documents case and delayed

One of the advertising gurus who helped propel Margaret Thatcher to power is weighing the formation of a consortium to bid for The Daily Telegraph. Sky News has learnt that Lord Saatchi, the Conservative peer, has been discussing the option of launching an offer for the right-leaning newspapers ahead of a deadline later this month.

The semiconductor industry is recruiting workers in a tight labor market as the competition for talent ramps up and funding from the CHIPS and Science Act designed to spur domestic production continues to be dispersed. It is also staring down a projected shortfall of as much as one million workers in the broader U.S. economy

Having turned the political map red, Labour’s priority is steering the economy into the black. Sir Keir Starmer’s programme for government may be modest, but the means to deliver it are not. The new prime minister and Rachel Reeves – the UK’s first female chancellor – have a tough economic inheritance. Follow general election fallout

Reform UK leader Nigel Farage waves after being elected to become MP for Clacton at the Clacton count centre in Clacton-on-Sea, eastern England, early on July 5, 2024.  Henry Nicholls | Afp | Getty Images LONDON — Populist lawmaker Nigel Farage on Friday won his first-ever seat in the U.K.’s parliament as he looks to

Forget the UK general election. The poll that financial markets will be watching most closely over the next few days is the second round parliamentary ‘run-off’ in France this Sunday. The French poll is unpredictable, to say the least. The first round of voting last week raised the prospect of a hung parliament and prompted

From recent graduates to wealthy professionals, many Brits are considering moving abroad these days. And the motivating force for many is clear: money. Over half of British workers (52%) have considered leaving the United Kingdom for better working opportunities abroad, according to the British human resources website Employer News. Others are in search of affordable

A British company aiming to pioneer hypersonic flight and which counts Boeing and Rolls Royce Holdings among its backers is scrambling to raise new funding amid a squeeze on cashflow. Sky News has learnt that Reaction Engines, which is based in Oxfordshire, has appointed advisers to raise fresh capital. Shareholders in the company, which also

Shari Redstone, president of National Amusements, speaks at the WSJ Tech Live conference in Laguna Beach, California, on Oct. 21, 2019. Mike Blake | Reuters David Ellison’s Skydance has reached a preliminary deal with Shari Redstone’s National Amusements to merge with Paramount, according to two people familiar with the matter, resurrecting a deal which failed

The owners of Addison Lee, the London-based minicab firm, have begun exploring a sale of the company they took control of four years ago. Sky News has learnt that Jefferies, the investment bank, has been hired by Addison Lee’s majority shareholder, Cheyne Capital, to canvass interest in a takeover. The process is thought to be