Business

Around 1,500 workers at Tata Steel will hold an “all-out indefinite strike” next month, a union has announced. The industrial action at the company’s sites in Port Talbot and Llanwern, Newport, will begin on 8 July, Unite said. The union said the walkout would “severely impact” the company’s UK operations. It comes in response to

U.S. President Joe Biden departs the White House in Washington, U.S., for a campaign fundraiser in California, May 9, 2024.  Craig Hudson | Reuters President Joe Biden’s reelection effort and the Democratic National Committee raised a combined $85 million in May, according to exclusive data provided to CNBC by the Biden campaign. The sum marks

Two people have been arrested on suspicion of running an illegal exchange thought to have traded more than £1bn worth of cryptocurrency. The Financial Conduct Authority (FCA) searched the London offices of the suspects, aged 38 and 44, while the Metropolitan Police seized digital devices from two residential properties in the capital. More than £1bn

File photos: “For Sale” sign Brandon Bell | Getty Images Consumers seemed unimpressed by the latest drop in mortgage rates. Total mortgage application volume rose just 0.9% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550

Wall Street’s biggest bank is lifting Brussels’ bonus cap for its London-based staff, weeks after rival Goldman Sachs fired the starting gun on a post-Brexit era in industry pay. Sky News can reveal that JP Morgan Chase was in the process of notifying staff on Wednesday that it would preserve some elements of the remuneration

Gecko Capital’s Maunakea Emerging Markets Debt Recovery Fund has delivered an impressive 74% return over the past year, and its fund manager is particularly bullish on two South American economies looking ahead. The fund aims to make double-digital returns annually on a U.S. dollar basis and currently yields around 10%, which is “conservatively” estimated, according

There was “possibly a criminal conspiracy” at the Post Office, according to an independent forensic accountant drafted in to investigate the controversial Horizon accounting system. Ian Henderson, one of the two forensic accountants from Second Sight paid by Post Office (POL) to review sub-postmaster convictions involving Horizon in 2012, told the public inquiry into the

Employees assemble new energy vehicles at an intelligent factory of electric vehicle company Leapmotor on April 8, 2024 in Jinhua, Zhejiang Province of China.  Vcg | Visual China Group | Getty Images BEIJING — Europe’s probe into Chinese electric cars was overly selective to the point that the results are not credible, a Chinese official

The Federal Aviation Administration is investigating after a Southwest Airlines flight came within 400ft of the ocean following an aborted landing attempt.  The Boeing 737 MAX 8 plunged at a maximum descent rate of about 4,400ft per minute off the coast of Hawaii before climbing back up to safety on 11 April. The plane had

A worker welds steel at a workshop on June 8, 2024 in Hangzhou, Zhejiang Province of China. Vcg | Visual China Group | Getty Images China’s retail sales beat expectations in May, climbing 3.7% compared with a year ago, beating expectations of a 3% rise from a Reuters poll of economists. However, other economic metrics,

One of London’s most prominent venture capital investors will this week change its name following the death and resignation of its two co-founders. Sky News understands that Hambro Perks, which counts a stake in What3Words, the location-mapping service, among its holdings, is to rebrand as Salica Investments. An announcement about the change of name will

Historically, I’m not a fan of group trips. Someone always ends up inexplicably crying or taking personal offense to not every single person wanting to do an overpriced brewery tour. But one of the most stressful parts of traveling in a herd, to me, happens before the vacation even starts: when one person drops out

The founders of Melrose Industries, one of Britain’s most prolific and lucrative investment groups, are preparing to list a new vehicle in London next month as they hunt a new wave of takeover targets. Sky News has learnt that Simon Peckham is spearheading the launch of Rosebank Industries, with talks under way to raise more

WASHINGTON — Former President Donald Trump failed to impress everyone in a room full of top CEOs Thursday at the Business Roundtable’s quarterly meeting, multiple attendees told CNBC. “Trump doesn’t know what he’s talking about,” said one CEO who was in the room, according to a person who heard the executive speaking. The CEO also said Trump did not

Latitude Festival has dropped its sponsor, Barclays, after a number of musicians and comedians dropped out in protest over the bank’s ties to the Israel-Hamas war. Latitude Festival told Sky News: “Following discussion with artists, we have agreed with Barclays that they will step back from sponsorship of Latitude Festival”. Comedians Joanne McNally, Sophie Duker,