The bosses of English football’s new watchdog will next week pitch up to a summit of the game’s most powerful clubs as they await the outcome of the probe into alleged financial improprieties at Manchester City. Sky News has learnt that David Kogan and Richard Monks, respectively the chair and chief executive of the Independent
Business
SpaceX has announced it has acquired artificial intelligence start-up xAI in a deal that that brings together two companies owned by Elon Musk. In a statement, Mr Musk said the deal would create “the most ambitious, vertically-integrated innovation engine on (and off) Earth, with AI, rockets, space-based internet, direct-to-mobile device communications and the world’s foremost
Staff are most likely to see their pay rise by the same amount as last year, new data shows. Some 44% of bosses intend to award a similar wage increase, while 28% will compensate employees more generously. Another 28% say their workers face a smaller pay rise than last year. The figures come from a
Gold and silver costs are taking further punishment on Monday following record routs seen at the end of last week. Both precious metals had stood at record values on Thursday but fell sharply after Donald Trump revealed his nomination for the chair of the US central bank. The announcement on Friday that he wanted Kevin
The operator of Britain’s biggest cash machines network has recruited a former head of the Rugby Football Union (RFU) as its next chairman. Sky News understands that Tom Ilube, who stepped down as the RFU chair in 2024, will become the new chairman of LINK. An announcement is expected to be made on Monday. A
Anthony Joshua, JK Rowling and Mo Salah have been named among the UK’s 100 biggest taxpayers. The billionaire brothers behind gambling giant Betfred topped the rankings of The Sunday Times Tax List 2026 for the first time, surpassing musicians, entrepreneurs and sports stars. Fred and Peter Done, who founded the Warrington-based business in 1967, paid
Peter Mandelson told Jeffrey Epstein he was “trying hard” to change government policy on bankers’ bonuses at his request, months after the convicted sex trafficker had paid thousands of pounds to the then UK business secretary’s husband. Emails released by the US Department of Justice (DoJ) on Friday shed new light on the closeness of
The dismantling of Sanjeev Gupta’s British business empire is accelerating after advisers were hired to find a buyer for a steel production business which supplies oil giants including BP and Shell. Sky News has learnt that Liberty Steel’s Hartlepool-based steel pipes unit, which employs about 170 people, is hunting a buyer within weeks. Industry sources
Donald Trump has revealed his pick to become the world’s most powerful central banker, declaring Kevin Warsh “may be the best” ever. Mr Warsh, a former member of the Federal Reserve’s board of governors, will “never let you down” as chair of the country’s central bank, the president said in a Truth Social post. It
Donald Trump has endorsed a spending deal negotiated by US Senate Republicans and Democrats that would stave off a government shutdown and temporarily fund the Department of Homeland Security. The move comes as the US reels from the deaths of two protesters at the hands of federal agents in Minneapolis. “Republicans and Democrats have come
The government has restated its rejection of the campaign from women who claimed they were owed billions after their state pensions age was changed. The Women Against State Pension Inequality – WASPI – campaign has lobbied extensively after claiming they were not given sufficient warning of the state pension age for women being lifted to
Tesla is to axe production of two electric vehicle (EV) models as part of a shift towards robotics after the company reported its first ever decline in annual revenue. Chief executive Elon Musk told analysts on a conference call that the company would stop selling its older Model S and Model X vehicles and convert
The owners of the RAC have begun selecting bankers to spearhead a £5bn stock market listing which could become one of the London market’s biggest of 2026. Sky News has learnt that the breakdown recovery service’s trio of shareholders have picked investment banks including Goldman Sachs to lead a flotation. Money latest: The UK’s chicken
Free artificial intelligence training is being made available to everyone in the UK as the government steps up efforts to prepare the workforce for rapid technological change. However, ministers acknowledge the programme will only succeed if businesses and workers choose to adopt it. From today, adults can access short, practical courses through the government’s upgraded
Two major broadband altnets are close to finalising a merger that will propel them into the ranks of the sector’s largest players amid growing financial pressure to consolidate. Sky News understands that Truespeed and Freedom Fibre are in advanced talks about a tie-up. One industry source cautioned that the negotiations could yet fall apart, but
Energy bills for households and businesses are facing upwards pressure from a surge in wholesale natural gas costs, according to market experts. Both day-ahead and month-ahead contracts rose further on Monday as high demand and supply disruption in the storm-hit United States take their toll on prices across Europe, crucial not just for gas supply