Business

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

Japan’s two largest commercial airlines are toughening their stances against travelers who verbally or physically abuse airline staff. Japan Airlines and All Nippon Airways updated their websites Friday with “customer harassment” policies, in the wake of rising instances of front-line worker abuse occurring across industries in Japan. Using similarly worded language, the two airlines cited

Steve Varley, the former head of EY in the UK and Ireland, will this week be named as the chairman of the first law firm to list on London’s stock market. Sky News has learnt that Mr Varley, who stepped down as the audit firm’s chairman and managing partner in 2020, is to chair DWF,

A screen displays stock figures at the Taiwan Stock Exchange Corp. headquarters in Taipei, Taiwan, on Monday, Jan. 15, 2024.  Bloomberg | Bloomberg | Getty Images Optimism in artificial intelligence drove up Taiwan’s stock market in the first of the 2024, making it the top performing market in Asia-Pacific so far this year. The Taiwan

The outgoing boss of Boots is leaving to run Veonet, one of Europe’s largest chains of ophthalmology clinics. Sky News has learnt that Sebastian James is to become the new group chief executive of Veonet, which is owned by the private equity firm PAI Partners and Canada’s Ontario Teachers Pension Plan. He will leave Boots

Beryl strengthened into a hurricane Saturday as it churned toward the southeastern Caribbean, with forecasters warning it was expected to become a dangerous major storm before reaching Barbados late Sunday or early Monday. A major hurricane is considered Category 3 or higher, with winds of at least 111 mph (178 kph). At midafternoon Saturday, Beryl

The chief executive of Boots, Britain’s biggest high street pharmacy chain, is quitting after its owner’s plans for a £5bn sale or stock market listing stalled. Sky News has learnt that Sebastian James, who has run Boots since 2018, will leave the company in November. City sources said this weekend that he had accepted a

The front desk of the Amazon office is pictured in New York, May 1, 2019. Carlo Allegri | Reuters Amazon is ramping up its development of artificial intelligence technology, hiring top talent from AI agent startup Adept and licensing the company’s technology. Rohit Prasad, a senior vice president and head scientist who oversees Amazon’s artificial

A total of 27 Just Stop Oil supporters have been arrested on suspicion of planning to disrupt airports this summer, the Metropolitan Police has said. The arrests were made in London, Gloucestershire, Oxfordshire, Devon, Essex, Manchester, Surrey, Sussex, Norfolk and West Yorkshire. “Among those held were several high-profile members of Just Stop Oil who we