Business

Elon Musk is wrong to call for a global pause in the development of AI, which would play into the hands of rogue regimes, a new report has warned. The SpaceX, Tesla, and Twitter owner was one of 1,000 people to put his name to a letter saying humanity faced “profound risks” due to the

Apple and Google have teamed up to thwart people who try to track others using devices designed to help find lost keys and luggage. The rival tech giants do not often collaborate on new features for their smartphones, with a joint initiative to create contact tracing software during the pandemic one of few past examples.

Diesel drivers are being “ripped-off” at the pumps to the tune of around 16p per litre, according to a motoring group. The RAC, along with others, has long argued that British motorists and businesses are paying over the odds for the fuel – the engine behind the UK economy – fanning the flames of inflation

The UK financial watchdog will announce plans to change the rules on bringing companies into public ownership after a series of high profile businesses snubbed the London Stock Exchange. The Financial Conduct Authority (FCA) will on Wednesday publish proposed changes to rules on listing companies on the London Stock Exchange. It hopes to make regulation

Secret Sales, a discount platform for premium clothing and beauty brands, has clinched a $10m funding round to accelerate its expansion into Europe. Sky News understands that the company, which was bought by retail entrepreneurs Chris Griffin and Matt Purt three years ago, will announce this week that it has secured the additional capital from

The new owners of Chelsea FC are in talks with Allianz, the German insurance giant, about taking over as its principal shirt sponsor as they grapple with the impact of a dire debut season on the club’s finances. Sky News has learnt that Allianz is among a handful of companies in discussions with the Stamford

The conflict in Sudan has left international consumer goods makers racing to shore up supplies of gum arabic – critical to the food, drinks and cosmetics industry. The northeastern African country is the world’s largest producer of gum arabic, a resin tapped from the acacia tree. It is a key ingredient in everything from fizzy

Elon Musk has been ordered to be interviewed under oath to determine if he made specific statements about Tesla’s Autopilot feature after the carmaker threw their authenticity into doubt, saying the billionaire was often a target of online “deepfakes”. A judge in California made the tentative ruling after raising concerns that such arguments could be

The British competition watchdog has blocked Microsoft’s bid to buy video game maker Activision Blizzard. The Competition and Markets Authority (CMA) stopped the $68.7bn (£55bn) deal due to concerns that it would stifle competition in the cloud gaming market. In its final report on Wednesday, the CMA said that the move was “the only effective

Capital One, the American credit card giant, is poised to swoop on a British luxury concierge service in a deal said to be worth hundreds of millions of dollars. Sky News has learned that Capital One Financial Corp has struck a deal to acquire Velocity Black, which was founded in 2014 and offers its well-heeled

The chief executive of Ted Baker is close to leaving the company six months after it was taken over by a giant American brands and entertainment conglomerate. Sky News has learnt that Rachel Osborne, who took the helm at the British retailer in the midst of a governance and accounting crisis in 2020, is expected

Fraser McKevitt, head of retail and consumer insight at Kantar talks to Ian King about grocery prices and developing trends in our shopping habits. Plus, chief executive and co-founder of GAIL’s Bakery, Tom Molnar, discusses how the rising price of flour has affected his business. Ian’s also joined by the boss of train ticketing app

Renee Elliott, the founder of Planet Organic, is returning to spearhead a rescue deal for the supermarket chain she launched in 1995. Sky News has learnt that Ms Elliott has agreed to lead a takeover of Planet Organic in a deal expected to be finalised on Tuesday. City sources said she had assembled backing from

One of Britain’s most experienced retail executives is joining the board of JD Sports Fashion, part of a management shake-up aimed at improving governance under its new chairman. Sky News has learnt that Darren Shapland, a former finance chief at J Sainsbury, will be named on Tuesday as a non-executive director of the UK’s biggest

A conveyancing software maker is in talks to join the growing exodus of companies from the London stock market. Sky News has learnt that AIM-listed Smoove has received several takeover approaches from unnamed suitors. City sources said on Monday that the company was engaged in discussions with at least one prospective buyer. Smoove is a

The average price of a home coming to market this month rose by just 0.2% to £366,247, according to data from Rightmove. This was lower than the average increase of 1.2% for this time of year. It showed that many new sellers are “taking note of the economic headwinds and the transitioning of the housing

Elon Musk has threatened to sue Microsoft for allegedly using Twitter data without permission. The billionaire’s warning, via a tweet, came after the tech giant revealed it would drop his social media site from its corporate advertising platform. Microsoft‘s service uses AI to help ad buyers manage their social media accounts in one place. Musk

Microsoft has been invited to showcase its products in 10 Downing Street on the same day that its $75bn takeover of games-maker Activision faces being blocked by British competition watchdogs. Sky News has learnt that the technology giant is among the companies due to attend an event organised by UK Interactive Entertainment (UKIE), the industry

The first UK-made Jaguar electric car is to be a £100,000 four-door grand tourer, the vehicle’s manufacturer has announced. The UK’s largest carmaker said its first British car to run fully on batteries will be made in the Jaguar Land Rover (JLR) Solihull plant in the West Midlands and will be available in selected markets

After the rate of inflation eased slightly but still remains above 10%, Ian is joined by KMPG’s chief economist Yael Selfin to discuss the official figures. He also talks to Alex Kendall – the chief executive of the UK-based autonomous vehicle group, Wayve – about Asda beginning what it claims is the UK’s biggest trial