Business

Manchester United co-owner Avram Glazer has spoken for the first time since announcing the club could be for sale. Sky News tracked him down near his home in West Palm Beach, Florida, and he spoke of finding “strategic alternatives” for the club and also responded to criticism by Cristiano Ronaldo. He did not answer when

The amount energy companies can charge for electricity and gas will rise from January but households will be protected from the increase. Ofgem, the energy regulator which limits the amount suppliers can charge for each unit of electricity and gas, increased its cap for the first three months of next year to 67 pence per

Students in England have been skipping meals, attending lectures remotely and taking on more debt in a bid to cope with the rising cost of living, new data shows. The Office for National Statistics found the rate students at English universities are being impacted by the crisis is similar to that of other adults across

A British technology start-up which helps leisure enthusiasts find and book sports venues has secured a new round of funding backed by a former director of the Premier League. Sky News understands that Playfinder, which counts the Football Foundation among its partners, has raised a six-figure sum from investors including Kevin Beeston, who stepped down

Elon Musk’s strategy “does not bode well” for the future of Twitter, an early backer of the billionaire’s SpaceX firm has warned. The social media platform has been in an almost constant state of chaos since the world’s richest man bought it in a $44bn deal last month, with warnings this week that a spike

Tesla is recalling more than 300,000 vehicles in the US because of potential problems with their rear lights. The Texas-based electric vehicle manufacturer said the recall affects some 2023 Model 3 and 2020-2023 Model Y vehicles. Tesla said it has had no reports of any crashes or injuries related to the recall of about 321,000

Twitter has temporarily closed its offices as more staff exodus the troubled social media giant, sparking warnings about the site’s ability to stay online during the World Cup. The move by the company to shut its doors until Monday was apparently triggered by fears that departing employees could “sabotage” the firm. The latest turmoil comes

Here are all the main announcements from Chancellor Jeremy Hunt’s autumn statement to MPs: • Energy bill aid for households extended beyond April for a further year through energy price guarantee, but average annual bill will be £3,000 from current £2,500. Amounts to around £500 support for households. • Additional cost of living payments next

The former Barclays chief Bob Diamond’s investment vehicle is in talks about a roughly-£37m takeover of finnCap, its rival City broker. Sky News has learnt that Panmure Gordon, which Mr Diamond’s Atlas Merchant Capital has controlled since 2017, has proposed an all-cash deal worth just over 20p-per-share. The two companies have been locked in discussions

The cost of milk, cheese and eggs has risen at the fastest rate in 45 years, helping drive overall inflation to its highest level in four decades. Earlier today it was announced there has been a higher-than-expected leap in the rate of inflation, taking it to 11.1% last month. Increases across a range of items

Today’s dramatic US inflation figures raise hopes that the Federal Reserve is winning the fight against the monster. Consumer price inflation in October came in at 7.7% on a year-on-year basis – lower than the 7.9% Wall Street had expected – and at 0.4% on a month-on-month basis which, again, was lower than the 0.6%

Bitcoin hovered just above a two-year low overnight and other cryptocurrencies suffered heavy losses as FTX teetered on the brink of collapse. It had emerged on Wednesday that the Binance exchange had walked away from a non-binding bailout offer of smaller rival FTX – once the sector’s fourth-largest exchange. Binance said: “As a result of

Meta, the owner of Facebook and Instagram, has become the latest big tech player to wield the axe in the tougher global economy, laying off 13% of its workforce. The firm announced on Wednesday it will cut its global headcount by more than 11,000 employees as part of a wider shake-up of the business that

Today, Ian King speaks to the head of consumer insight at Kantar about rising prices in the supermarkets. He also discusses what businesses can do to avoid being a victim of cyber ransoms. Plus, hear from a firm who helps support early stage space tech companies launch their own satellites. :: Listen and subscribe to

Apple is warning customers they will have to wait longer for the latest iPhone models after COVID restrictions were imposed on a contractor’s factory in central China. The company announcement gave no details but said the factory, operated by Foxconn in the central city of Zhengzhou, is “operating at significantly reduced capacity”. “We now expect lower

Twitter has started rolling out its revamped subscription service that allows anyone to pay for a verification badge. An update to the platform’s iOS app, launched on Saturday, says the new-look Twitter Blue is now live, with the checkmark on your account listed among the perks of paying $7.99 a month. “Power to the people:

A Chinese industrial park that hosts a major supplier of iPhones for Apple has announced a fresh COVID-19 lockdown, threatening further discontent over pandemic restrictions at the plant. The Zhengzhou Airport Economy Zone in central China houses Foxconn’s plant responsible for 70% of global iPhone shipments. The factory, which has a staggering 200,000 workers, had

This is the end of an era – and the beginning of another. It is one of the most important watershed moments in recent economic history – not that you’d necessarily have noticed it. For this afternoon is when the era of quantitative easing (QE) gives way to the era of quantitative tightening (QT). The

Tax rises are “likely” to come soon as the government faces an “unpalatable menu” to find ways to fill a £40bn fiscal black hole, a leading thinktank has warned. A Resolution Foundation report suggests Rishi Sunak and his Chancellor Jeremy Hunt face a thankless task to re-balance the nation’s finances after former chancellor Kwasi Kwarteng’s

Instagram has said it is looking into why thousands of users have suddenly had their accounts suspended. Users around the world have posted on other social media platforms to ask why they have been locked out of their profiles, having received a message saying: “We suspended your account on October 31, 2022.” “We’re aware that