Business

Ian is joined by Rebecca Klar, technology and policy reporter at The Hill, to talk about the US government suing Apple for allegedly maintaining an illegal monopoly on smartphones. Also, hear the latest as the Bank of England votes to keep interest rates unchanged for another month at 5.25%. Meanwhile, thousands of women may be

The United States Justice Department has filed an antitrust lawsuit against Apple, accusing the tech giant of engineering an illegal monopoly in smartphones that boxes out competitors. The lawsuit, filed in federal court in New Jersey, alleges that Apple has monopoly power and uses its control over the iPhone to “engage in a broad, sustained,

Shares in Reddit will make their market debut later on Thursday after a sale valuing the social media platform at $6.4bn (£5bn). The company’s initial public offering (IPO) was priced at the top of its targeted range of $31 to $34 per share on Wednesday night, raising $748m. Reddit and its existing shareholders sold 22

Wood Group, the London-listed oil sector engineer, is cutting hundreds of jobs nearly a year after talks about a takeover collapsed. Sky News understands that the company is expected to announce next week alongside its full-year results that it has launched a new cost efficiency programme that sources said would affect white-collar workers globally. One

Ian reacts to the latest figures from the Office for National Statistics which showed inflation fell to 3.4% in February, down from 4% the month before. Also Greggs becomes the latest company to suffer from IT issues, forcing some of its stores to briefly close. And the chief executive of fitness chain David Lloyd Leisure

Bitcoin has suffered a sharp pullback from record highs. The world’s biggest cryptocurrency fell to $66,885 in the early hours of Friday – down 9%. Only yesterday, the digital asset had been touching an unprecedented price of $74,000. Image: Bitcoin’s price over the past week. Pic: CoinGecko It is difficult to pinpoint a single reason

An Australian computer scientist is not ‘Satoshi Nakamoto’, the pseudonym attributed to the unknown person widely credited with inventing Bitcoin, a High Court judge has ruled. Dr Craig Wright, who claimed he was Satoshi, was sued by the Crypto Open Patent Alliance (Copa), a non-profit group that includes cryptocurrency firms. During the five-week trial, the

The battle for the Telegraph titles has been a story of high principle, low politics and raw commerce. The proposed takeover by Abu Dhabi-backed RedBird-IMI, 75% financed by the UAE vice-president Sheikh Mansour, was opposed on a clear point of media ethics; that British national newspapers should never be controlled by a foreign state. It’s

Airbnb says it is banning the use of indoor security cameras in its rental properties around the globe from next month. The company said in the past it has allowed the use of indoor security cameras in common areas like hallways and living rooms but is clamping down on their use in order to “continue

The value of Bitcoin has reached a new high, just days after the previous record was broken. On Monday morning one Bitcoin, the best-known cryptocurrency, could buy $72,219 (£56,303). Money blog:Major lenders increase mortgage rates – what’s going on? The price of the digital asset has grown 51% in the last month alone as the

Ian has the latest developments at The Daily Telegraph with Sky News’ City editor Mark Kleinman. He also speaks to David Livingstone, chief client officer at the Wall Street banking giant Citi, about the budget. And Zig Serafin, chief executive of Qualtrics talks to Ian about making businesses more productive. :: Listen and subscribe to

Apple has been fined €1.8bn (£1.54bn) by the EU for favouring its own music streaming service rather than rivals. Apple didn’t fully inform their device users there were alternative and cheaper subscription services for more than a decade, said the EU executive, the European Commission. As a result, iPhone and iPad users paid “significantly higher

The Home Office immigration system statistics for 2023 tell a different story to the one that dominates the political discourse. While government commentary and policy has focused on illegal migration via small boats, the largest driver of rising immigration is people coming to work, primarily in a health and care sector that would not function

The Body Shop has published the full list of stores that are to close – and which will stay open – as it announced 489 jobs will go over next four weeks. While 116 shops will continue trading, 75 will shut over the next four to six weeks – in addition to the seven immediate

Bitcoin has hit $60,000 for the first time since November 2021 – putting the cryptocurrency in touching distance of a new record high. One Bitcoin cost $60,519 early on Wednesday afternoon after days of huge rises. It’s close to the all time high of $60,655 recorded on 31 October 2021 when many people turned to

As household energy bills are set to fall in April, Ian King talks to Sky’s business correspondent Paul Kelso. He also speaks to Bill Winters, the chief executive of Standard Chartered, about its $1bn share buyback. Erik Hirsch, co-chief executive of Hamilton Lane, a leading private markets investment firm, also joins Ian. Listen and subscribe

On today’s episode, Ian King speaks to the former chief operating officer at Barclays to discuss the bank’s latest results. He also discusses finances in football’s Premier League with our city editor, Mark Kleinman. And Ian chats about the need for more investment in infrastructure to achieve the UK’s net zero targets. :: Listen and

Housing minister Lee Rowley has insisted the government has “got to have targets” for building homes – despite ministers dropping the ambition. In its 2019 manifesto, the Conservative Party pledged to build 300,000 new houses each year by the mid-2020s if it got into power. But the figure has never been achieved, and in December

Bitcoin has returned to the $50,000 level for the first time since December 2021, riding on the coat tails of a wider rally for US stocks. The world’s largest cryptocurrency, which hit one-month highs last Friday, maintained its momentum on Monday by rising almost 5%. Rivals, such as ether, saw similar percentage moves. Analysts credited

On today’s episode, Ian King speaks to the chief executive of Pandora about the jewellery firm’s latest results. He also discusses a merger between housebuilder Barratt Developments and its smaller rival Redrow. And the Queen Elizabeth Prize for Engineering’s been awarded to two pioneers of wind power – Ian chats to the chairman of the