A coalition of transatlantic airlines have demanded that President Biden and Boris Johnson lift “overly cautious” travel restrictions between the US and UK given the strength of the two countries’ coronavirus vaccine programmes. The companies, which include all the carriers offering passenger services between the nations and other industry players including Heathrow Airport, argued that
Business
Jeff Bezos – one of the world’s richest men and the chief executive of Amazon – has said he will travel into space next month. The US business tycoon has invited his brother along for the journey, with the winner of an auction set up by his aerospace company Blue Origin. In a video posted
The Week, one of Britain’s biggest-selling news and current affairs magazines, has been put up for sale in a move that is likely to attract interest from major newspaper publishers. Sky News has learnt that Dennis Publishing, the magazines and online media group owned by Exponent Private Equity, has hired investment bankers to gauge interest
When considering the landmark deal on global taxation agreed today by the group of seven leading industrialised economies, it’s easy to fixate on the question marks and criticisms – after all, there are plenty of them. It is not as ambitious a deal as many had hoped for. The global minimum corporate tax rate (one
Antony Jenkins, the former Barclays chief executive, is on the verge of a deal with the world’s biggest asset manager that will catapult him into the ranks of Britain’s super-rich. Sky News has learnt that Mr Jenkins, who was sacked as the British bank’s boss in 2015, is close to selling a stake in 10x
The world’s leading economies are on the brink of announcing a historic deal to tax the tech giants, the German finance minister has told Sky News. Olaf Scholz said the plan to reform the taxation of tech companies and introduce a minimum level for business tax rates would “change the world”, bringing in billions of
Boris Johnson will hold talks with the bosses of Britain’s biggest banks and insurers next week as the government seeks assurances about the sector’s commitment to financing the post-pandemic recovery. Sky News has learnt that the prime minister and Rishi Sunak, the chancellor, have invited more than a dozen of the City’s top executives to
People hoping for an overseas trip this summer – and those hoping to sell them that break – are furious after the UK government announced changes to the list of approved destinations. Portugal, which had been the only viable popular destination on the green list, will be moved to the amber list. This will mean
It may not have the setting or the showbiz appeal of the coming leaders’ summit in Cornwall. It may not have quite the same momentous feel as the main summit – Joe Biden’s first as US president, Angela Merkel’s last before potentially standing down as Germany’s chancellor. But the meeting of G7 finance ministers in
The European Court of Justice has ruled that Tesco does not pay female staff the same amount for equivalent work done by male employees, in a landmark judgement that sides with employees of the UK supermarket giant. Thousands of shop floor staff, most of whom are women, have accused Britain’s biggest grocer of paying them up
Michael O’Leary, the outspoken chief executive of Ryanair, has said it is “absolutely imperative” that “big tourist destinations” such as Greece and Spain be added to the UK’s green list at the end of this week. “The restrictions should be lifted, we should be allowing British families to travel to the US and Europe, and
With large price hikes on the horizon, shoppers are being encouraged to splurge now while costs remain low. The British Retail Consortium (BRC), the trade group representing shop owners, said on Tuesday that although shop prices continued to fall in May, the drop was the slowest since February 2020, indicating that depressed costs due to
The governor of the Bank of England has warned the risks of climate change are not reflected in the market prices of most financial assets. Andrew Bailey was speaking at the Reuters Responsible Business 2021 conference when he said physical risks, such as property damage, could lead to displacement and conflict. This could cut company
Heathrow has opened a dedicated terminal for passengers on direct flights from red list countries, following concerns that they were mixing with those from green and amber nations. Travellers on direct flights from red list destinations will now go through Terminal 3, although a dedicated facility for processing such travellers is eventually planned for Terminal
The hospitality industry is facing a recruitment crisis as it struggles to fill thousands of vacancies. Venues are finding it difficult to hire front-of-house staff and chefs as they experience a shortage of 188,000 workers, according to research by UK Hospitality. Bars, pubs, restaurants and cafes have been able to serve customers indoors in England
One of the London stock market’s largest exhibition groups is in talks about a big capital injection that would further underline an ongoing frenzy of private equity interest in UK plc. Sky News has learnt that Hyve Group is in preliminary discussions with Carlyle about a so-called private investment in public equity – or PIPE