Articles

Elon Musk has apologised for calling a British cave diver a “paedo” on Twitter. The comments were made in a row which erupted during the rescue for the football team trapped in the Thai caves. All of the boys and their coach were rescued in a successful three-day operation …

EasyJet has raised its full-year profit expectations despite soaring costs from strikes. The no-frills carrier said it was planning to step up its battle to have air traffic control strikes in France banned after revealing it had to cancel 2,606 flights in its third quarter to the end of …

European aviation giant Airbus has warned that Brexit runs the risk of destroying success the company has achieved over the last 40 years. Speaking exclusively to Sky News business presenter Ian King, Airbus chief operating officer Tom Williams said his firm has been a “tremendous success story”, adding: “It …

Forty more Poundworld stores are to close later this month, leading to the loss of 531 jobs, administrators have announced. They will shut on Tuesday 24 July. Discussions with interested parties over the potential sale of “part, or parts of the remaining business” are ongoing, administrators from Deloitte said. …

The European Union’s largest ever trade deal has been signed with Japan. The landmark agreement, which took five years to negotiate, covers 600 million people, a third of the world’s GDP and will increase trade and investment in the two markets as well as reducing prices for consumers. The …

Political concerns overshadowed the second day of the Farnborough International Airshow as business leaders and politicians alike expressed concerns about the government’s ability to get its Brexit proposals through the House of Commons. Following a successful first day at the event, during which a record $46.2bn (£35bn) worth of …

A former boss of Wagamama and the O2 live events arena is taking on another big hospitality sector job as the first chief executive of The Ivy Collection, the upmarket restaurant group. Sky News understands that David Campbell, who left the Japanese noodle chain last year, has been installed …

Netflix shares plunged in after-hours trading in New York after the company’s latest results signalled it was facing stronger competition for customers. The video streaming service’s stock lost 14% of its value after it confirmed that global subscription growth from April to June had missed management’s targets by more …

Water restrictions will hit parts of England in the coming weeks, despite figures showing that up to 22% of water supply could be saved if water companies fixed leaks. Around seven million United Utilities customers will be banned from using hosepipes or sprinklers to water gardens or wash cars …

The International Monetary Fund has cut its 2018 growth forecasts for the UK, revising down from 1.6% to 1.4%. Updating its forecasts from April, the global organisation warned of risks from trade tensions, as characterised by Brexit talks and tariffs announced by the US. Its 2019 predictions for 1.5% …