Business

The Super Heavy booster lands on the company’s launch tower during the fifth Starship flight on Oct. 13, 2024. SpaceX SpaceX launched its fifth test flight of its Starship rocket on Sunday and made a dramatic first catch of the rocket’s more than 20-story tall booster. The achievement marks a major milestone toward SpaceX’s goal

A British-based investment and banking app has struck a deal to acquire part of a Gibraltar-based rival that will instantly add tens of thousands of customers to its business. Sky News understands that Ziglu, which was founded in 2019, has agreed to buy the retail operations of Damex in an all-stock deal. Its valuation was

Water begins to recede from flooded streets in Tampa, Florida, due to Hurricane Milton on October 10, 2024. Bryan R. Smith | AFP | Getty Images Restoring power, clearing debris and distributing fuel are now the top priorities in Florida as the state continues to reel in the wake Hurricane Milton. More than 1.5 million are

Boeing will cut 17,000 jobs – 10% of its workforce – as the US plane maker deals with various issues across its business.  Chief executive Kelly Ortberg told staff in an email on Friday that the cuts will include executives, managers and employees. He said the downsizing is necessary to “align with our financial reality”

Boeing 737 MAX airliners are pictured at the company’s factory on Thursday, Sept. 12, 2024, in Renton, Wash. Stephen Brashear | AP Boeing will cut 10% of its workforce, or about 17,000 people, as the company’s losses mount and a machinist strike that has idled its aircraft factories enters its fifth week. Boeing expects to

The UK’s economy grew by 0.2% in August, according to official figures. The slight rise in gross domestic product (GDP) – which is intended as a measurement of a country’s total output – comes after two successive months of stagnation. The figures, from the Office for National Statistics (ONS), were in line with economists’ forecasts.

Interest rates are coming down, but investors can still find some solid opportunities for yield in the preferred securities market, according to UBS Financial Services. Preferred securities combine attributes of bonds and stocks. They trade publicly on exchanges but they also pay a quarterly stream of income. Issuing companies are often banks and utilities. Yields

The chancellor will need to raise taxes by £25bn if she wants to keep spending rising with national income, according to the Institute for Fiscal Studies (IFS). In its annual ‘Green Budget’ analysis, the IFS warned that the government would have to dramatically increase the £9bn of tax rises outlined in its manifesto to meet

Jaap Arriens | NurPhoto via Getty Images OpenAI is increasingly becoming a platform of choice for cyber actors looking to influence democratic elections across the globe. In a 54-page report published Wednesday, the ChatGPT creator said that it’s disrupted “more than 20 operations and deceptive networks from around the world that attempted to use our

Investors managing more than £9trn in assets have backed a more “competitive” approach to British boardroom pay amid a growing debate about London’s attractiveness as a listing destination. Sky News has learnt that the Investment Association (IA), the influential industry trade body, will publish on Wednesday a revised set of remuneration principles aimed at the

Pavlo Gonchar | Lightrocket | Getty Images Shares of Trump Media surged nearly 19% on Tuesday, putting the Truth Social operator on track for its fourth straight day of gains — its longest positive price streak since June. DJT shares at one point jumped to $22 in extremely heavy trading, nearly 90% higher than the

Rachel Reeves, the chancellor, will this week hold further talks with bank bosses amid industry anxiety that she will raise the tax burden on it at this month’s budget. Sky News has learnt that Ms Reeves will meet the chief executives of Barclays, HSBC, Lloyds Banking Group, NatWest Group and Santander UK on Wednesday. It

Inflation could be a market-driving fear again this week when September data is released, according to Bank of America. The financial firm’s trading desk said in a note Monday morning that the market-implied move for stocks around Thursday’s consumer price index report is now above 1%, compared to a realized move of 0.7% over the

A US Air Force Reserve brigadier-general will this week unveil a $5m funding boost for her British-based quantum computing start-up. Sky News understands that Mandy Birch, who is also an adviser to the UK’s National Quantum Computing Centre, has secured the capital for TreQ, a manufacturing company focused on building and operating open-architecture quantum computers.

Outgoing First Lady Melania Trump listens as her husband Outgoing US President Donald Trump addresses guests at Joint Base Andrews in Maryland on January 20, 2021.  Alex Edelman | Afp | Getty Images Melania Trump stood firm on her pro-choice abortion position on Sunday, despite acknowledging the divergence from the Republican campaign platform of her

Before we get onto the budget and what Rachel Reeves might do to fiddle her fiscal rules and give herself a little more room to spend, I want you to ponder, for a moment, a recent report from the Office for Budget Responsibility (OBR). This wasn’t one of those big OBR reports that get lots