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Revealed: Ministers bowed to pressure to drop key climate commitments for UK trade deal with Australia
Ministers agreed to bow to pressure from Australia to drop binding commitments to the Paris climate change agreement from the UK-Australian trade deal, a leaked government email obtained by Sky News has revealed.Liz Truss, the trade secretary, and Kwasi Kwarteng, the business secretary, decided the government could “drop both of the climate asks” from the …
Business
Business Live
Bath organisation ships hand-cranked washing machines to refugee camps in Iraq
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Business
Business Live
Anglesey’s Huws Gray group announce latest builders’ merchants acquisition
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Business
Sky News
Boeing board to face investor lawsuit over 737 MAX oversight ‘lies’ before crashes
Boeing has revealed it is “disappointed” after a US judge granted shareholders a lawsuit over the two fatal 737 MAX crashes that led to the fleet being grounded globally for almost two years.Vice Chancellor Morgan Zurn, sitting in the Court of Chancery, ruled the directors could face claims related to the oversight of the plane’s …
Business
Sky News
Morrisons takeover battle heads for auction ahead of October investor vote
The takeover battle for Morrisons is on course to go to auction in the coming weeks after a bidding war failed to settle its future ownership.The UK’s fourth-largest supermarket chain said on Wednesday that it was in talks with the two US private equity suitors and the Takeover Panel, which governs takeover deals, regarding an …
Business
Sky News
Halfords reports uphill climb for cycling sales as supply chain disruption bites
Halfords has become the latest big name company to report a hit to sales from supply chain disruption, warning its struggles may take time to overcome.The bikes-to-car parts and servicing retailer said like-for-like cycling sales were down by almost 23% in the 20 weeks to 20 August compared to the same period last year. It …
Business
Sky News
Amazon moves to defend UK tax contribution after bonanza COVID crisis sales
Amazon has defended its contribution to the UK economy as 2020 accounts show its UK support arm paid £18.3m in corporation tax as coronavirus crisis demand meant total group revenues passed £20bn in the country.The online retail giant said it handed £492m directly to the UK taxman last year – up from £293m in 2019 …
Business
Euro News
First space, now immortality: Jeff Bezos reportedly invests in an eternal life start-up
Business
Euro News
Bitcoin battered and bruised as El Salvador officially adopts the crypto as a legal currency
Business
Sky News
Triple lock on pensions will be temporarily scrapped for a year from April
The government is suspending the triple lock on pensions for one year from April 2022, Therese Coffey has announced.The work and pensions secretary said the state pension will rise by inflation next year to make the system more “fair”. A surge in wages would have qualified pensioners for a 8% hike in pensions if the …
Business
Sky News
Business groups say NI hike will hold back jobs growth at crucial moment in recovery
Business groups have criticised plans for a National Insurance hike as a drag on jobs growth just as firms seek to recover from the COVID-19 crisis.The 1.25 percentage point increase in NI contributions is intended to pay for reform of the social care system. But the British Chambers of Commerce (BCC) said it would hit …
Business
Sky News
Sums add up for Hammond as he takes stake in ‘ethical fintech’ Algbra
Lord Hammond, the former chancellor, is taking a stake in a London-based technology company which aims to target underserved customers with a range of financial products.Sky News can reveal that Lord Hammond, who served as finance minister under Theresa May, is among a syndicate of investors who are backing Algbra, a new digital finance provider. …

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