Kwasi Kwarteng, the chancellor, has ruled out tearing up the regime put in place to segregate high street lenders’ investment banking arms that was put in place after the 2008 financial crisis. Sky News has learnt that Mr Kwarteng told a gathering of industry chief executives this week that bank ring-fencing would not be scrapped
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The interest rate on a typical two-year fixed-rate mortgage has broken 6% for the first time in 14 years. The sudden rise has left first-time buyers with few affordable mortgage options, and those looking to re-mortgage facing huge increases in their monthly repayments. On the Sky News Daily, Niall Paterson speaks to two people whose
Liz Truss has sacked trade minister Conor Burns from her government “with immediate effect” following an allegation of serious misconduct. The Tory MP for Bournemouth West has also had the whip suspended while the complaint is investigated. A No 10 spokesman said: “Following a complaint of serious misconduct, the prime minister has asked Conor Burns
A week after a successful public listing, ringing the bell at the Frankfurt Stock Exchange as Europe’s largest IPO by market capitalization, Porsche Group can add another title to its trophy case. Despite an initial fall earlier this week, Porsche’s shares rose on Thursday to give it a market valuation of €84 billion, thus overtaking
The Kremlin behaved “like a drug dealer” when it comes to Europe’s gas supplies, according to Poland’s Prime Minister Mateusz Morawiecki. “Initially the gas [from Russia] was supposed to be very cheap, but the real price of the gas we now know. The real price of the gas is also the blood of soldiers and
A new NASA-funded technology for future space missions may charge an electric car in just five minutes on Earth, paving the way for increased adoption of such vehicles, the US space agency said. Researchers at Purdue University, US developed the Flow Boiling and Condensation Experiment (FBCE) to enable two-phase fluid flow and heat transfer experiments
3:31 AM ET He’s one of the greatest players of all time but nobody appears interested in Cristiano Ronaldo — ESPN’s Insider Notebook has the latest. PLUS: Could Lionel Messi make a sensational return to Barcelona? Jump to: Messi back to Barca? | Chelsea left it too late on Leao | Pep targeted Lisandro Martinez
Police say they have ended a search for Moors murders victim Keith Bennett on Saddleworth Moor after finding no human remains. An author claimed to have found evidence of the possible burial site of the 12-year-old boy who went missing in 1964 and whose body has never been found. Keith was one of five victims
The professional wrestler and reality TV star known as Sara Lee has died suddenly at the age of 30. Her real name was Sara Weston and in 2015 she won Tough Enough, a competition in which contestants vied for a contract with WWE, the professional wrestling organisation. She had been a competitive powerlifter and was
The pound’s value ebbed and flowed on Friday – supported by a Bank of England deputy governor’s vow to persist in the fight against inflation but later hammered as stronger than expected US jobs data lifted the dollar. Remarks by Sir Dave Ramsden, a member of the monetary policy committee (MPC) which sets Bank rate,
The number of company insolvencies in England and Wales hit its highest level for 13 years in the second quarter of the year, according to official figures. The Office for National Statistics (ONS) recorded a total of 5,629 business failures between April and June. It was the highest quarterly number since the third quarter of
The US president is hardly unique in saying the risk of a nuclear “Armageddon” is higher now than it has been since the Cuban missile crisis – or as it is known in Russia, the Caribbean crisis. Anyone who has thought for more than five seconds about Vladimir Putin’s nuclear threats given the geopolitical state
Two people have died and six have been injured during a knife attack outside a casino on the Las Vegas Strip. The attacker, named by police as Yoni Barrios, 32, was armed with a large kitchen knife during the “unprovoked” attack. Showgirls and street performers are believed to be among those injured in the attack
Nazanin Zaghari-Ratcliffe says “the world cannot turn a blind eye to Iran” and the UK government “must act” over human rights abuses, as women and girls take to the country’s streets in protest. The widespread action was sparked after the death of 22-year-old Mahsa Amini last month while she was in the custody of the
Recent deals with Russia saw the release of 215 Ukrainian prisoners of war. Speaking to Sky’s Sally Lockwood, one former marine tells of being treated ‘like an animal’ – stripped, beaten, duct-taped, shocked and humiliated while being held captive. SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us
Mikhail Khodorkovsky, a former Russian oil executive who spent years in prison, discusses Russian President Vladimir Putin’s mindset as he declared Russian rule over parts of Ukraine. #CNN #news
A four-member SpaceX Crew Dragon team, including a Russian cosmonaut and the first Native American woman sent to orbit, safely docked with the International Space Station (ISS) on Thursday and moved aboard to begin a five-month science mission. Rendezvous of the latest NASA expedition to the orbiting laboratory came just after 5 EDT (2:30am IST)
The FBI has reportedly gathered enough evidence to charge Joe Biden’s son with tax crimes and making a false statement to buy a gun. Hunter Biden, 52, has been under investigation since 2018 and has denied any wrongdoing. FBI agents are said to have a “viable case” against the son of the US president which
A government minister has failed to rule out energy rationing across the UK this winter after warnings three-hour power blackouts could be imposed. Asked on Sky News whether the measure – not seen in the UK since the 1970s – would be brought in, climate minister Graham Stuart said the government did not “expect that
In this article TWTR Follow your favorite stocksCREATE FREE ACCOUNT A Delaware Chancery Court judge ruled Thursday that Elon Musk has until Oct. 28 to close his acquisition of Twitter if he wants to avoid a trial, granting Musk a slight delay. Earlier in the day, the Telsa CEO said he wanted to return to