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Employee payments fintech Aslan roars to life with £4m seed funding
A British fintech which pledges to improve workers’ financial wellbeing has secured a $5m (£3.9m) seed funding round led by the prominent venture capitalist Notion Capital.Sky News understands that Aslan, which was founded by James Gozney, will announce the fundraising later this week. Aslan, which provides reward cards offering tax-efficient cashback on everyday spending for …
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Sky News
Water boss blames 15 years of ‘flat bills’ for industry woes
The boss of under fire Southern Water has told MPs that 15 years of “flat bills” is responsible for the industry’s struggles with sewage spills and supply outages.Lawrence Gosden said during evidence to the environment, food & rural affairs committee’s inquiry into the water industry that a historic regulatory priority on keeping bills low meant …
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Sky News
Big drop in payroll employment after budget but wage growth rises
There has been a surge in the pace of wage growth but a rise in the jobless rate following a big drop in the number of payrolled employees, according to the latest official figures.The Office for National Statistics (ONS) reported that both basic pay excluding bonuses, and average weekly earnings, rose at an annual rate …
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Sky News
More than $1trn in the room as world’s richest flocked to Trump inauguration
One of the things that made President Donald Trump’s inauguration distinctive was the prominence of Silicon Valley elite.Easily identifiable were the world’s three richest men – Elon Musk, Jeff Bezos and Mark Zuckerberg. And that’s not to mention some of the billionaires not placed directly in view of the cameras. When the riches of the …
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Sky News
Chancellor to join celebs and world leaders in Davos to drum up support for UK
Chancellor Rachel Reeves will travel to the World Economic Forum (WEF) in Davos this week to court potential investors in UK growth projects, joining hundreds of political and economic leaders gathering in the Swiss Alps in the shadow of Donald Trump’s inauguration.Ms Reeves will join political leaders including German chancellor Olaf Scholz, European Commission President …
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Sky News
Online travel group Secret Escapes seeks getaway with new owner
Secret Escapes, the online travel platform, has hired bankers to explore a sale nearly 15 years after its launch.Sky News has learnt that Secret Escapes has appointed the investment bank Arma Partners to oversee an auction of the company. Sources close to a number of potential bidders said on Monday that the process was expected …
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Sky News
Melania Trump launches her own cryptocurrency amid all-time high for Bitcoin
Melania and Donald Trump have just launched their own cryptocurrencies, as Bitcoin hit a record high. The incoming first lady announced the “Official Melania Meme” on Sunday in a post on X. X This content is provided by X, which may be using cookies and other technologies. To show you this content, we need your permission …
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Sky News
Reeves to meet US financiers as Trump presidency kicks off
Rachel Reeves will hold talks with some of Wall Street’s leading financiers in Davos this week, less than hours after Donald Trump’s second US presidency gets underway.Sky News understands that the chancellor will attend a breakfast hosted by JP Morgan on Wednesday amid speculation about the threat of US tariffs being imposed on the UK …
Business
Sky News
TikTok starts restoring service as Trump confirms he will pause US ban
TikTok has begun restoring service to the app in the US after Donald Trump said he would sign an executive order pausing its ban.A law signed by President Joe Biden last April required ByteDance, TikTok‘s China-based parent company, to sell the app to a non-Chinese owner by Sunday or face a ban. Some users reported …
Business
Sky News
Asda-owner TDR snaps up former SPAC merger target CorpAcq
The private equity owner of Asda has struck a deal to buy a controlling stake in a group which specialises in backing British SMEs.Sky News has learnt that TDR Capital has agreed to acquire a majority interest in CorpAcq, less than six months after the so-called ‘corporate compounder’ aborted a deal to list in the …
Business
Sky News
Govt ‘doesn’t think’ Trump will impose trade tariffs on UK – but is ‘prepared for all scenarios’
The government doesn’t think Donald Trump will impose trade tariffs on the UK, but is “prepared for all scenarios”, a cabinet minister has said. Darren Jones, the chief secretary to the Treasury, told Sky News’ Sunday Morning with Trevor Phillips that the former president’s return to the White House “could be an enormously positive thing with …
Business
Sky News
TikTok shuts down in US as law comes into force – a day before Trump’s inauguration
TikTok users in the US are opening the app to find a message saying they “can’t use” the social media platform “for now” due to a law enacted in Washington.A ban on the app was due to take effect today after outgoing President Joe Biden signed a law last year requiring ByteDance, TikTok’s China-based parent …

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