People walk around the Tiananmen Gate in Beijing on May 15, 2024. Hector Retamal | AFP | Getty Images BEIJING — China’s leaders doubled down on boosting domestic technology in a high-level meeting called the Third Plenum that ended Thursday, according to a state media readout. China must “adapt to the new round of scientific
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The Bank of England has revealed disruption to some major financial transactions due to a “global payments issue”, later confirmed to have been fixed.. In a statement this afternoon, the Bank revealed that its high value CHAPS service – which handles payments worth hundreds of billions of pounds each day – was affected by an
Chinese President Xi Jinping and former U.S. President Donald Trump in Beijing, China, in 2017. Artyom Ivanov | TASS | Getty Images BEIJING — If Donald Trump wins the U.S. presidential election, his plans for 60% tariffs on Chinese goods could be a “major downside growth risk” to China, according to Goldman Sachs. Chances of
An arm of BlackRock, the world’s biggest asset manager, is plotting a bid to acquire a big stake in a major contractor to Thames Water even as the UK’s largest water utility hovers close to collapse. Sky News has learnt that BlackRock’s private markets division is among the remaining bidders for Lanes Group, which is
One kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Bloomberg | Bloomberg | Getty Images Gold prices continued to notch new records Wednesday, lifted by increasing conviction that the Federal Reserve will cut interest rates in September following comments from Fed Chair Jerome Powell. Spot
One of the world’s most prolific investors in technology companies is in talks to lead a new investment round at Revolut, the British-based fintech. Sky News has learnt that Tiger Global Management is one of several parties which have expressed interest in acquiring more shares in Revolut. Tiger Global, which is a shareholder in Facebook-owner
Elon Musk attends ‘Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk’ session during the Cannes Lions International Festival Of Creativity 2024 – Day Three on June 19, 2024 in Cannes, France. Marc Piasecki | Getty Images Elon Musk has said he is planning to pledge about $45 million a month
Shares in the company behind Donald Trump’s Truth Social platform have surged by a third amid a wider bounce on investor hopes he returns to the oval office. The Trump Media & Technology Group was one of the most actively traded stocks on Wall Street during Monday’s session. It was the first chance investors had
Republican candidate Donald Trump is seen with blood on his face surrounded by secret service agents as he is taken off the stage at a campaign event at Butler Farm Show Inc. in Butler, Pennsylvania, July 13, 2024. Rebecca Droke | Afp | Getty Images World leaders have joined together to condemn the assassination attempt
Oanda Global Corporation, the online retail trading platform, has been put up for sale by its private equity backers. Sky News has learnt that the company, which is a rival to the likes of CMC Markets and IG Group, is being marketed by bankers at Nomura and Santander. Money latest: Best supermarket wines for under
President Joe Biden delivered remarks on Saturday evening after former President Donald Trump was injured and rushed offstage when gunshots were fired at his political rally. “There’s no place in America for this kind of violence,” Biden said in Rehoboth Beach, Delaware. “It’s sick,” Biden said. “It’s sick.” “It’s one of the reasons we have
The FTSE-100 owner of British Gas, the UK’s biggest domestic energy supplier, is in talks to recruit its next chairman. Sky News has learnt that Centrica, which has a market value of about £7.3bn, is working with headhunters to identify a successor to Scott Wheway. City sources said that Lygon Group, the search firm, was
MUMBAI, MAHARASHTRA, INDIA – 2024/07/05: Anant Ambani (son of Indian businessman Mukesh Ambani) and his fiancée Radhika Merchant seen on the red carpet during the sangeet ceremony at Jio World Centre in Mumbai. (Photo by Ashish Vaishnav/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images The lavish wedding of Anant Ambani and
One of the UK’s biggest floorings retailers is just one step away from a collapse that would place 1,852 jobs at risk. Cash-strapped Carpetright confirmed it had filed a notice of intention to appoint administrators. Such a move typically gives a company up to 10 days to potentially avoid an insolvency process. The loss-making firm
The Third Plenum, set for July 15-18, is one of the most important political meetings of the Chinese Communist Party. Bloomberg | Bloomberg | Getty Images BEIJING — China’s real estate problems may be massive, but analysts expect the upcoming Third Plenum to focus on other areas — such as high local government debt levels and a
Water bills are to rise by an average of 21% over the next five years, the industry regulator Ofwat has ruled. But with the impact of the cost of living, water companies spilling record amounts of sewage into our waters, and controversial bonuses for senior leaders, do we need a complete overhaul of the industry?