Rachel Reeves has been warned that businesses face a “watershed moment” in next month’s Budget. The British Chamber of Commerce (BCC) has urged the chancellor, who is expected to announce tax rises in November’s budget to plug the public finances deficit, to avoid increasing levies on businesses. Ms. Reeves raised taxes by £40 billion last … Read more
The boss of Goldman Sachs has urged Rachel Reeves not to add to the financial burden on the banking sector, amid fears it could be the target of big tax rises in next month’s Budget. Sky News has learned that David Solomon made the warning during a private meeting with the chancellor last week, when … Read more
Tens of thousands of Vodafone users report problems with their internet connection The outages began Monday afternoon, according to monitoring site DownDetector, which reported more than 130,000 problems with Vodafone connections. A company spokeswoman said: “We are aware of a major issue on our network currently affecting broadband, 4G and 5G services. “We appreciate our … Read more
RANCHI, JHARKHAND, INDIA — Every time Kamle Oraon, 50, closes her eyes, she sees her mother scraping the bottom of a bowl to feed her four children. “We were hungry most nights,” she says. Many villages in the eastern Indian state, known for its dense jungles, had no sanitation, high malnutrition rates and unemployment. Public … Read more
The founder of Argentex Group, the foreign exchange group that collapsed this year due to market turmoil triggered by President Trump’s tariff regime, has won the backing of Australia’s most powerful financial group for his latest venture. Sky News has learned that Macquarie’s Commodities and Global Markets group has taken a minority stake in Tenora, … Read more
After nearly a decade studying the most famous stock market crash in history, financial journalist Andrew Ross Sorkin warns that today’s Wall Street echoes the market of 1929, when highs preceded a massive crisis, leading to the Great Depression. Artificial intelligence and technology have contributed to a remarkable growth in recent years. But, Sorkin said, … Read more
I’m in Macau, the gaming capital of the world. I’ve been here for the NBA’s return to China for six years, there haven’t been any NBA games here. looking at these large banners displayed on the buildings. It reminds me of my return here in 2019. The players were sitting in their hotel and they … Read more
One of the world’s biggest property investors is in advanced talks with a London-listed group over a £1bn logistics deal – weeks after the duo were embroiled in a takeover bid war for another industrial property group. Sky News has learned that Blackstone, the US private equity giant, is close to agreeing a deal to … Read more
An Irish start-up hopes the UK’s first drone food delivery pilot will be operational in 2026, subject to regulatory approval. With a fleet of specially designed 23kg quadcopters, Manna Aero has carried out more than 200,000 food delivery flights in the west of the country. DublinEspoo in Finland and Texas. As the company aims to … Read more
Customers of five water companies are facing higher-than-expected bill rises to combat inflation after the companies challenged limits imposed by the sector regulator. The Competition and Markets Authority (CMA) has been called in to review Ofwat’s determinations on what Anglian Water, Northumbrian Water, South East Water, Southern Water and Wessex Water could charge customers from … Read more