Donald Trump announced that the United States would impose additional 100% tariffs on Chinese imports, accusing it of taking an “extraordinarily aggressive stance” on trade. In a message published Friday on his Truth Social platform, the American president said Beijing had sent an “extremely hostile letter to the world” and imposed “large-scale export controls on … Read more
Legal & General (L&G) is planning an attack on the workplace pensions provider owned by FTSE-100 lender NatWest Group as its chief executive seeks to increase its share of the UK pensions market. Sky News has learned that L&G is one of a handful of suitors who have expressed interest in acquiring Cushon from NatWest. … Read more
Former Prime Minister Rishi Sunak has been hired by tech giant Microsoft. The former Conservative leader, who remains a Member of Parliament, has joined the Seattle-based tech company as a part-time paid senior advisor and will give the company “high-level strategic perspectives on macroeconomic and geopolitical trends” as well as how these “intersect with innovation, … Read more
Private equity firm Exponent is among a group of suitors considering a takeover of the UK arm of ADT, one of Britain’s largest providers of home security systems. Sky News has learned that Exponent, which owns companies including Ambassador Theater Group, Big Bus Tours and newspaper publisher Racing Post, is considering buying the business from … Read more
Google has warned the UK against imposing “onerous” and costly regulations after the competition watchdog ruled it had “strategic market status” for its search services. The Competition and Markets Authority (CMA) said the legal criteria had been met to appoint Google with status as a general search service and search advertising due to its “substantial … Read more
Messaging platform Discord said the official ID photos of around 70,000 users had been stolen by hackers. The app, popular with gamers and teenagers, claims that hackers targeted a company responsible for verifying the age of its users. Discord said its own platform was not breached. The stolen data could include personal information, partial credit … Read more
Metals magnate Sanjeev Gupta has opened a new front in the battle to save his crumbling business empire with a legal action asserting his ownership of a $3 billion Australian steel producer. Sky News understands Mr Gupta’s holding company GFG Alliance has filed a claim with the High Court challenging a claim over its shares … Read more
Longtime private equity investors in The Alchemist, the popular downtown cocktail bar chain, are ending their ownership of the company. Sky News has learned that Palatine, who has owned The Alchemist since 2015, was working with advisers on an auction of the company. The Alchemist, which has weathered a difficult economic environment exacerbated by tax … Read more
The Post Office’s IT scandal compensation systems need to be improved and legal advice for victims funded, according to the government, which could create an independent body to deal with similar miscarriages of justice in the future. These announcements were made as part of the official response to the damning conclusions of the first volume … Read more
Britain is at the lowest risk of winter blackouts it has been at any time in the past six years, the national power grid operator has said. Not since the pre-pandemic winter of 2019-20 has the risk been this low, the National Energy System Operator (NESO) said. This is thanks to increased battery capacity to … Read more