Business

An advert for the world’s first transatlantic flight to be 100% powered by so-called sustainable aviation fuel (SAF) has been banned, as the advertising watchdog said it was misleading. The radio ad, which promoted the transatlantic flight, was misleading in its unqualified “100% sustainable aviation fuel” claim, said regulator the Advertising Standards Agency (ASA). Money

The atmosphere at the Disney Bundle Celebrating National Streaming Day at The Row in Los Angeles on May 19, 2022. Presley Ann | Getty Images Entertainment | Getty Images Disney is raising prices on its streaming platforms. Starting mid-October, most plans for Disney+, Hulu and ESPN+ will cost $1 to $2 more per month, according

Markets in Asia have rallied after worldwide plunges on Monday amid fears the US may be in recession. Taiwan‘s stock exchange jumped following a record drop a day earlier, but shed some of the gains later in the morning amid lingering concerns over the outlook for the US economy and tech companies. Japan‘s benchmark Nikkei

Taiwan President Lai Ching-te claps while he visits a military camp in Taoyuan, Taiwan May 23, 2024.  Ann Wang | Reuters Taiwan is under growing pressure to build up its defense capabilities and deterrence against China in the face of uncertainty surrounding the U.S. elections slated for November, according to security and policy analysts.  Taiwan’s

The founder of Itsu and Pret A Manger is joining the board of Knoops, the fast-growing retailer of chocolate-based drinks. Sky News understands that Knoops, which is in the process of raising £5m to fund its expansion, will announce that Julian Metcalfe – a shareholder in the company – is to become a non-executive director.

A tropical depression in the Gulf of Mexico strengthened into Tropical Storm Debby on Saturday as it moved through the Gulf of Mexico toward Florida. Forecasters at the National Hurricane Center said the storm now had maximum sustained winds of 40 mph. Debby was located about 100 miles west-southwest of Key West, Florida, and it

Wingstop, the quick-service chicken chain which is Britain’s fastest-growing restaurant operator, is hoisting a “for sale” sign over its UK business. Sky News has learnt that the company, which is majority-owned by the trio of entrepreneurs who brought it to Britain in 2018, has hired Goldman Sachs to find new owners. City sources said the

Pavlo Gonchar | Lightrocket | Getty Images Founders of one of the hottest artificial intelligence startups Character.AI are rejoining Google along with other team members. Noam Shazeer and Daniel De Freitas, in addition to certain members of Character.AI’s research team, are joining Google’s AI unit DeepMind, the companies said Friday.  Character.AI uses large language models

At the end of a mixed fortnight’s worth of trading updates from the US tech giants, it was down to the biggest of them – Apple – to lift investor spirits. The $3.35trn (£2.63trn) giant, established again in June as the world’s biggest company after five months during which Microsoft was bigger, reported sales of

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference on March 18, 2024.  David Paul Morris/Bloomberg via Getty Images Not all chip firms are benefitting from the boom in artificial intelligence, earnings show, underscoring the complexities of the semiconductor supply chain and

Oh dear. It’s that day of the year that financial journalists – and a great many analysts, too – dread: The day, usually at the end of July or the beginning of August, during which scores of FTSE-100 companies report their financial results at exactly the same time. There are a number of reasons why

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during an interview on “The Circuit with Emily Chang” at Meta headquarters in Menlo Park, California, US, on Thursday, July 18, 2024.  Jason Henry | Bloomberg | Getty Images For investors who are skeptical of Meta’s massive spending on artificial intelligence and whether it will pay

After a four-month search, a candidate has been found to fill one of the toughest jobs in global business – chief executive of Boeing. Succeeding Dave Calhoun, who was put in the ejector seat in March following the latest crisis to have engulfed the company’s 737 MAX jet, will be Kelly Ortberg. Mr Ortberg, 64,

The Bank of Japan headquarters (top C) is seen in Tokyo on December 19, 2023. Kazuhiro Nogi | Afp | Getty Images Japan’s central bank has raised its benchmark interest rate to “around 0.25%” from it previous range of 0% to 0.1% and outlined its plan to taper its bond buying program. But the Bank

Microsoft’s cloud service has been hit by another outage, weeks after an IT failure in the company’s services ground the world to a halt. In a post on X, Cambridge Water said some of its services were down this afternoon. “Due to worldwide issues with Microsoft Azure, a problem with our website is affecting several

Republican presidential nominee Donald Trump said Monday that while he “probably” will debate Vice President Kamala Harris, he “could also make a case” for avoiding a face-to-face confrontation with his likely Democratic opponent. Trump, in a Fox News interview that aired Monday evening, did not initially say whether he would commit to a debate with