News: Money

Brexit Bulletin: Into the Danger Zone

Friday  15:27,   12 october 2018

Today in Brexit: With a compromise getting closer in Brussels, the perilous part of the battle starts at home. The signals from Brussels are getting stronger, and a Brexit deal is now in sight. Prime Minister Theresa May briefed her ministers late... >>>

Watchdog probes British Airways and other airlines over fears of a potential monopoly on transatlantic flights

Friday  12:27,   12 october 2018

The competition watchdog is investigating British Airways and other airlines over fears about transatlantic flights.Under the Atlantic Joint Business Agreement, BA, American Airlines, Iberia and Finnair have teamed up on certain routes between the... >>>

Stock market bloodbath wipes £36 billion off FTSE 100

Friday  11:27,   12 october 2018

The index fell 1.9%, marking its largest one-day drop since June.The FTSE 100 Index ended the day down 1.9% or 138.81 points at 7,006.93, taking it to the lowest level since the end of... >>>

300 jobs at risk as fashion chain Coast collapses

Friday  09:01,   12 october 2018

Fashion chain Coast has collapsed into administration - putting 300 jobs at risk. Despite this, 600 further jobs have been saved in a deal with upmarket womenswear rival Karen Millen.It comes after Sky News revealed last month that Coast's parent... >>>

Saudi Journalist's Disappearance Sends Chill Into Business Community

Friday  08:51,   12 october 2018

Crown Prince Mohammed bin Salman’s plans to attract investors and transform his country’s economy face dire threats after the disappearance and alleged murder of a dissident writer at a Saudi consulate in Turkey. Since Turkish officials blamed Saudi >>>

Dow closes nearly 550 points lower as market rout deepens

Friday  05:51,   12 october 2018

Stocks fell in volatile trading Thursday, a day after the major indexes suffered steep losses sparked by higher rates and a sell-off in tech shares.The Dow ended down nearly 550 points after sinking more than 600 points earlier, bringing its two-day >>>

Snapchat thinks being more like TV will save it

Friday  04:03,   12 october 2018

Snapchat is still trying to make mobile TV happen. The smartphone app, which began releasing five-minute reality, news, and lifestyle shows last year, launched its first slate of scripted original series today (Oct. 10). It’s rolling out about... >>>

Facebook employee who called company's culture 'intolerant' is reportedly leaving

Friday  03:51,   12 october 2018

"I'm not leaving because 'it's time for something new,'" he says in a memo seen by Business Insider.A senior Facebook engineer who penned a controversial memo criticizing the company's workplace culture as a "political monoculture... >>>

Google Assistant sounds so human because Google made up a super-specific backstory for it

Friday  03:27,   12 october 2018

Whenever the cheerful female voice of Google Assistant responds to a query you have or to some other prompt, the interaction might seem pretty transactional to you. Google actually worked up a really, really specific backstory for the character >>>

Patisserie Valerie owner warns on future as crisis deepens

Friday  03:06,   12 october 2018

The crisis-hit owner of Patisserie Valerie has warned that without an immediate injection of capital there is "no scope for the business to continue trading in its current form".Patisserie Holdings issued the bleak update a day after it revealed... >>>

Twitter updates level the playing field for emoji character counts

Friday  03:03,   12 october 2018

Twitter announced today on its developer forum that all emojis will count evenly toward the platform's maximum 280 character limit. Practically, this means that now every emoji counts as the same amount of characters, thus making things a... >>>

Home of Crufts in £800m Blackstone takeover

Friday  03:03,   12 october 2018

The world's largest property investor is close to clinching an £800m-plus takeover of the NEC Group, the live events complex which plays host to Crufts.  Sky News has learnt that Blackstone could strike a deal to buy the Birmingham-based complex >>>

Global markets slump: London shares plunge 2% on economic fears as stocks on Wall St slide again despite weak inflation

Friday  03:03,   12 october 2018

The FTSE 100 closed nearly 2 per cent down today at 7,006 - having briefly dipped below 7,000 at one point. The FTSE 100 closed 138.8 points or nearly 2 per cent down today at 7,006 - having briefly dipped below 7,000 at one point. That... >>>

Nearly $13 billion wiped off of cryptocurrency market as major coins plunge

Thursday  23:51,   11 october 2018

High-profile hacks on exchanges, warnings from regulators and scams in initial coin offerings have weighed on cryptocurrency prices this year.At around 10:23 a.m. HK/SIN, bitcoin had fallen nearly 5 percent to $6,303, while XRP and ethereum both... >>>

Owner of the i and The Scotsman up for sale

Thursday  16:25,   11 october 2018

Johnston Press, the company behind a string of newspaper titles including the i, The Scotsman and The Yorkshire Post, has put itself up for sale. The company, which like many rivals has struggled financially amid declining print readerships and ad... >>>