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Jeff Bezos to travel into space next month for ‘adventure’ with his brother
Jeff Bezos – one of the world’s richest men and the chief executive of Amazon – has said he will travel into space next month.The US business tycoon has invited his brother along for the journey, with the winner of an auction set up by his aerospace company Blue Origin. In a video posted to …
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Office provider IWG warns of profit hit as workers stay at home despite lockdown easing
Workspace provider IWG has said people are not going back to the office as quickly as they had hoped, warning the trend may impact its profits this year.The company, which owns the Regus brand and competes with brands like WeWork that also offer flexible working spaces, said its profits would be “well below” what was …
Business
Sky News
Price hikes, queues and 12-hour journeys: ‘Furious’ Britons scramble to leave Portugal hours before quarantine rule change
Double the usual number of flights to the UK are due to leave Portugal as holidaymakers scramble to leave on the last day before the country moves to the amber travel list.Thirty-nine flights were due to depart from Faro Airport in the Algarve for the UK on Monday, nearly twice as many as are scheduled …
Business
Sky News
Price hikes and 12-hour trips: ‘Furious’ Britons scramble to leave Portugal ahead of travel list change
Double the usual number of flights to the UK are due to leave Portugal as holidaymakers scramble to leave on the last day before the country moves to the amber travel list.Thirty-nine flights were due to depart from Faro Airport in the Algarve for the UK on Monday, nearly twice as many as are scheduled …
Business
Sky News
Lowest-paid workers ‘most at risk of losing jobs’ after ‘rollercoaster’ pandemic year
Britain’s lowest-paid workers are most at risk of unemployment when the government’s furlough scheme ends later this year, according to a new study.They were also three times more likely to have already lost their jobs during the pandemic, after a “rollercoaster” year, researchers at the Resolution Foundation said. The think tank, which focuses on living …
Business
Sky News
The tone for future international diplomacy has been set – and it’s very different indeed
When considering the landmark deal on global taxation agreed today by the group of seven leading industrialised economies, it’s easy to fixate on the question marks and criticisms – after all, there are plenty of them.It is not as ambitious a deal as many had hoped for. The global minimum corporate tax rate (one of …
Business
Sky News
Google and Facebook welcome ‘historic’ deal to stop big tech tax avoidance
Google and Facebook have welcomed a G7 deal on tackling corporate tax avoidance by big tech companies.The agreement will see a global minimum corporate tax of at least 15% – lower than a floor of 21% mooted by President Biden – and changes to which countries will benefit. Chancellor Rishi Sunak called the deal “a …
Business
Sky News
Ousted Barclays chief Jenkins worth £200m after BlackRock deal
Antony Jenkins, the former Barclays chief executive, is on the verge of a deal with the world’s biggest asset manager that will catapult him into the ranks of Britain’s super-rich.Sky News has learnt that Mr Jenkins, who was sacked as the British bank’s boss in 2015, is close to selling a stake in 10x Future …
Business
Sky News
Businesses bidding for major govt contracts will have to sign pledge to be net zero by 2050
Businesses looking to secure government contracts will have to pledge to be net zero by 2050 under new requirements.From September, firms seeking public sector contracts worth more than £5m a year will also have to publish “clear and credible carbon reduction plans” before being considered, the Cabinet Office said. The move, which coincides with World …
Business
Sky News
Facebook under new investigation by competition authority
Facebook is under investigation in the UK by the competition regulator once again, this time for the social media giant’s advertising practices.The Competition and Markets Authority (CMA) said on Friday that Facebook may hold an “unfair advantage” due to its dominant market position in the digital advertising space. Facebook might be abusing that dominance, the …
Business
Sky News
Facebook under new investigation by competition authority
Facebook is under investigation in the UK by the competition regulator once again, this time for the social media giant’s advertising practices.The Competition and Markets Authority (CMA) said on Friday that Facebook may hold an “unfair advantage” due to its dominant market position in the digital advertising space. Facebook might be abusing that dominance, the …
Business
Sky News
Johnson and Sunak summon City chiefs for COVID recovery talks
Boris Johnson will hold talks with the bosses of Britain’s biggest banks and insurers next week as the government seeks assurances about the sector’s commitment to financing the post-pandemic recovery.Sky News has learnt that the prime minister and Rishi Sunak, the chancellor, have invited more than a dozen of the City’s top executives to a …

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