Spotify and Tencent Music buy stake in each other

Two of the world’s most popular online music streaming services are buying shares in one another.Spotify and China’s Tencent Music Entertainment will buy minority stakes in each other, the companies have said.Neither the value of the deal nor the new shareholding sizes were disclosed, but reports have suggested they …

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North Korea 'hacking soaring Bitcoin exchanges'

North Korea is seeking to profit from Bitcoin’s surging value by hacking Bitcoin exchanges, security researchers have told Sky News. Ashley Shen, an independent security researcher, said: “We assume one of the reasons why Bitcoin is being attacked is because the price keeps increasing and we think it’s reasonable …

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Ex-Tory MP Tyrie in frame to be new CMA chair

Andrew Tyrie, the former Conservative MP and chairman of the Treasury Select Committee, is being lined up to head Britain’s main competition regulator. Sky News has learnt that Greg Clark, the Business, Energy and Industrial Strategy Secretary, is keen to appoint Mr Tyrie as the next chairman of the …

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US jobs growth stronger than expected

US jobs growth was better than expected in November, with payrolls rising by 228,000.Service, health care and manufacturing firms helped to drive the gains, holding the unemployment rate held steady at 4.1%.Economists had expected an increase of about 200,000 jobs, but early festive season hiring and a rebound after …

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Cabinet heavyweights back PM's Brexit deal

Senior members of Theresa May’s government have backed her breakthrough deal in the Brexit talks, which includes paying more than £30bn to Brussels. The agreement on the size of the so-called “divorce bill”, along with guarantees on citizens’ rights and the status of the Irish border after Brexit, came …

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Abu Dhabi authorities revealed as buyers of $450m 'Leonardo painting'

Media playback is unsupported on your device Abu Dhabi’s Department of Culture and Tourism has confirmed that it bought the $450m Salvator Mundi painting for the state’s new Louvre gallery.The 500-year-old painting of Christ is believed to be the work of Leonardo da Vinci.There had been media reports that …

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