Business

Former President Donald Trump arrives for a campaign rally in Butler, Pennsylvania, on July 13, 2024. Evan Vucci | AP Former President Donald Trump is set to hold a Saturday rally in Butler, Pennsylvania, the site of his July 13 rally that erupted in chaos after a gunman opened fire in a failed attempt to

The UK needs a strategy to meet growing demand for data centres or risk losing its advantage in the race to develop artificial intelligence (AI), one of the sector’s largest players has told Sky News. Data centres – warehouses housing processors that power cloud computing – are central to the digital economy. They provide the

Dockworkers strike in a picket line outside of the Port of Houston Authority on October 01, 2024 in Houston, Texas.  The strike, affecting 36 ports, marked a historic event and was the first by the union since 1977. While the International Longshoreman’s Association and the United States Maritime Alliance reached agreement on better wages, automation

Rachel Reeves, the chancellor, will deliver her maiden speech to Britain’s most important annual gathering of financiers and business leaders in mid-November. Sky News understands that the Treasury, Bank of England and the City of London Corporation have agreed to stage the Mansion House dinner on 14 November. The dinner will come just over a

Attendees at the Albany Job Fair in Latham, New York, US, on Wednesday, Oct. 2, 2024.  Angus Mordant | Bloomberg | Getty Images September’s jobs picture is expected to look a lot like August’s — a gradual slowdown in hiring, a modest increase in wages and a labor market that is looking a lot like

Tesco has said a focus on value amid the continuing squeeze on shoppers’ budgets has paid off through a rise in half-year profits. The UK’s biggest retailer raised its annual guidance on the back of market share gains versus major rivals over the six months to 24 August. It also credited higher demand for its

Baona | E+ | Getty Images As year-end approaches, you may be eyeing Roth individual retirement account conversions. The strategy, however, boosts your income, which can have other tax consequences, experts say. Roth conversions shift pretax or nondeductible IRA funds to a Roth IRA, which provides future tax-free growth. But the converted balance boosts your

A prolonged strike by US port workers risks a new wave of freight-led inflation, according to experts. The walkout, at each of the 36 major ports along the US east and Gulf coasts, is the first since the 1970s and explained by a failure to agree new collective contracts covering the next six years. In

Demonstrators protest outside a closed Starbucks Corp. location at 505 Union Station in Seattle, Washington, US, on Saturday, July 16, 2022.  David Ryder | Bloomberg | Getty Images Baristas at a Starbucks in Bellingham, Washington, became the 500th store to join the Starbucks Workers United union on Monday. Since the first location voted to unionize

Mulberry, the struggling UK luxury brand, has rejected a proposed takeover bid by Mike Ashley’s Frasers Group. Frasers, which is majority owned by the tycoon and best-known for its Sports Direct brand, made an offer on Monday that valued Mulberry at £83m. The company is the second largest shareholder in Mulberry, with a 37% holding.

Federal Reserve Chair Jerome Powell said Monday that the recent half percentage point interest rate cut shouldn’t be interpreted as a sign that future moves will be as aggressive, in fact indicating the next moves will be smaller. The central bank chief asserted during a speech in Nashville, Tennessee, that he and his colleagues will

The minimum unit price for alcohol in Scotland has increased by 30% as part of efforts to tackle deaths and hospital admissions linked to alcohol harm. From Monday, the minimum unit price (MUP) rises from 50p to 65p. Price change under the 65p MUP:• Scotch whisky 40%: 700ml bottle will increase from £14 to £18.20.•

U.S. President Joe Biden gestures as he arrives to Dover Air Force Base in Dover, Delaware, U.S., September 27, 2024.  Elizabeth Frantz | Reuters U.S. President Joe Biden said on Sunday he did not intend to intervene to prevent a port strike on the East Coast and Gulf of Mexico if dock workers failed to

Carlyle, the American investment giant, has become the latest global fund to weigh an investment in Thames Water as the stricken utility races to avoid being nationalised. Sky News has learnt that Carlyle, which has roughly $435bn in assets under management, is at the very preliminary stages of assessing whether an investment in Thames Water

A view of a SpaceX rocket, as seen across the Rio Grande in Brownsville, Texas, U.S., July 22, 2024.  Veronica Cardenas | Reuters SpaceX launched a rescue mission for the two stuck astronauts at the International Space Station on Saturday, sending up a downsized crew to bring them home but not until next year. The capsule rocketed

Like an emptying bath, Thames Water’s downward spiral is accelerating as it gets closer to the plughole. The last week has seen a flurry of developments in the saga of Britain’s biggest water company, the outcome of which matters not just to its customers and investors, but the UK’s credibility as a haven for overseas