One thing that quite often puzzles people who do not work in financial markets is their tendency to treat seemingly good news as bad. We got a classic example on Friday with news that US employers added 336,000 jobs in September. That was up from 227,000 in August (a figure itself revised higher from the
A 36-year-old man has been charged over an alleged plot to kidnap TV presenter Holly Willoughby. Gavin Plumb, 36, of Potters Field, Harlow, has also been charged with soliciting to commit murder, incitement to commit rape and incitement to commit kidnap. The suspect is in custody and will appear at Chelmsford Magistrates Court later today.
Rishi Sunak, and his Italian counterpart Giorgia Meloni, have teamed up to call for more action to be taken to tackle illegal migration. Both leaders have made reducing the number of people arriving in their nations outside traditional pathways a key part of their leadership. The pair co-hosted a summit on the fringes of the
JD Wetherspoon has credited a surge in sales and reduction in costs for its first annual profit since the COVID pandemic. The value pub and hotel chain, which trades from 826 sites across the UK and Ireland, reported profit before tax for the year to the end of July of £42.6m. That compared to a
At least 40 people have been killed in flooding in the Indian Himalayan region, officials have said. The flood began on Wednesday when the waters of the glacial South Lhonak lake breached a hydroelectric dam. That triggered flash flooding in the mountainous Sikkim state of northeastern India, impacting towns and villages along the Teesta River
The U.S. Securities and Exchange Commission sued Elon Musk on Thursday in an effort to compel the billionaire to testify over his purchase of Twitter last year. Attorneys representing the SEC alleged in a complaint filed in the Northern District of California that Musk failed to appear for a Sept. 15 testimony as required by
The United States has shot down an armed Turkish drone operating near its troops in Syria, the Pentagon said. It was the first time Washington has brought down an aircraft of NATO ally Turkey. Turkish drones had been seen carrying out airstrikes in Hasakah in Syria on Thursday morning in a so-called American “restricted operating
Sustainable next-generation aircraft developer REGENT has taken another major step toward the manufacturing and marketing of its all-electric seagliders for advanced air mobility (AAM) services by securing $60 million in Series A Round funding round. Rhode Island-based REGENT announced it had closed that financing campaign after participating investors pledged $60 million to its seaglider development project. That brings the startup’s total
Sam Bankman-Fried Trial appears at Federal Court in New York on Oct. 4th, 2023. Artist: Claudia Johnson Marc-Antoine Julliard typically trades cocoa beans. But in the spring of 2021, the London-based commodities broker decided to diversify into cryptocurrency trading. His platform of choice was FTX. Two years later, Julliard stood as the prosecution’s first witness
Mike Coppinger, ESPNOct 5, 2023, 11:49 AM ET Tyson Fury and Oleksandr Usyk are likely to fight not once, but twice, for heavyweight supremacy. The deal for the undisputed heavyweight championship fight, which will take place in Riyadh, Saudi Arabia, contains a two-way rematch clause that the loser of the matchup can trigger for a
Scottish Labour has won the Rutherglen and Hamilton West by-election. Michael Shanks replaces shamed MP Margaret Ferrier, who was ousted from her seat in August following a successful recall petition for breaching COVID restrictions during lockdown in 2020. Voters took to the polls between 7am and 10pm on Thursday and out of the 82,104 electorate,
Hand grenade fragments were found in the bodies of victims of a plane crash that killed former Wagner boss Yevgeny Prigozhin, Russian President Vladimir Putin has said. Prigozhin was reportedly in a plane crash north of Moscow on 23 August, two months to the day after he led a failed mutiny against top Russian officials.
Metro Bank has kicked off talks about the sale of a £3bn chunk of its mortgage book as part of an increasingly urgent attempt to shore up its fragile balance sheet. Sky News has learnt that advisers to Metro Bank – which saw its shares plunge on Thursday after acknowledging that it was seeking to
Voting has closed and counting is now under way to replace shamed MP Margaret Ferrier. Ms Ferrier was ousted from her Rutherglen and Hamilton West seat in August following a successful recall petition for breaching COVID restrictions in 2020. Voters took to the polls between 7am and 10pm on Thursday for the by-election, with Ms
A man who was encouraged by an artificial intelligence chatbot in his plan to assassinate Queen Elizabeth II has been sentenced to nine years in custody, but will remain in hospital until he is deemed fit enough to go to prison. Jaswant Singh Chail, 21, scaled the perimeter of the Windsor Castle grounds with a
The trial of embattled crypto executive Sam Bankman-Fried has begun – with prosecutors claiming he stole more than $10bn (£8.2bn) from unsuspecting customers. Almost a year after FTX spectacularly collapsed, leaving millions of people out of pocket, a court heard that the 31-year-old’s multibillion-dollar empire was “built on lies”. Bankman-Fried has been accused of using
Kawasaki has finally revealed the final specs as well as pricing for its first two electric motorcycles, the Kawasaki Ninja e-1 and Z e-1. Both bikes are now launching in North American markets (US and Canada) as well as in the UK. In the US, the Ninja e-1 will be priced at US $7,599, while
An off-shore oil platform off the coast in Huntington Beach, California on April 5, 2020. Leonard Ortiz | MediaNews Group | Orange County Register | Getty Images It’s been a war of words and numbers between two major players in the energy industry – the International Energy Agency and OPEC – as they spar over
The transport secretary has defended Rishi Sunak for insisting no decision had been made on scrapping part of HS2 – despite the prime minister recording a video about his announcement days earlier. Mark Harper told Sky News he did not know “why people are getting so het up” on the issue, and work was done
South Korea’s LG Energy Solution signed an agreement to supply Toyota, the world’s largest automaker, with lithium-ion batteries for electric vehicles that will be assembled in the U.S., the companies said on Wednesday. The deal will support Toyota’s expanding battery EV line-up, which includes a new model that will be assembled at a manufacturing plant