Business

The sharp decline in house prices took a pause for breath last month, according to a closely-watched report. Nationwide said prices were unchanged in September compared to the previous month. The lender had reported a 0.8% fall in August. It meant that prices were still 5.3% lower than a year earlier, equalling the biggest annual

The German media giant which publishes Die Welt, one of Europe’s leading newspapers, has joined the race to buy The Daily Telegraph and its Sunday sister title. Sky News can exclusively reveal that Axel Springer has registered its interest in acquiring the British broadsheets. Insiders said the company, which also owns the Business Insider and

Energy bills in the first three months of 2024 are projected to increase before dropping later in the year, according to a closely-watched forecast. Consumers can expect more costly bills from January as energy regulator Ofgem will bring its price cap up to £1,898 for an annual average household bill – an increase of £64,

Elon Musk has announced his social media company X, formally known as Twitter, has removed the team monitoring election misinformation. The tool to report misinformation has been taken away – except for in the European Union – prompting concern from thinktank Reset Australia ahead of the country’s aboriginal rights referendum next month. In a post

Gatwick Airport has temporarily limited flight numbers for the rest of the week as a result of sickness amongst air traffic control staff. In a statement, the airport said it would limit the number of flights to 800 a day from today, which will remain in place until Sunday 1 October. It said the limit

The shootout between one of the world’s largest tech companies and Britain’s competition regulator is, at heart, a battle for control of the new frontline of gaming.  The gaming industry is a $250bn (£204bn) industry that, on some measures, is now larger than the music, book and movie industries combined. And the fastest growing part

A sports streaming service whose customers include Manchester City Football Club, the Premier League champions, has collapsed into administration after the failure of funding talks. Sky News has learnt that Recast, which is based in Edinburgh, called in Interpath Advisory to handle its insolvency on Friday. The company operates a subscription-free live and on-demand platform

Microsoft’s revised effort to get the £55bn takeover of Activision Blizzard past UK regulators appears to be on track for clearance. The Competition and Markets Authority (CMA) had been a sole thorn in the side of the acquisition, rejecting the original terms on the grounds it had a duty to protect innovation and choice in

The headline numbers don’t do justice to the significance of the inflation data. On the surface, this only looks like a small fall, with the consumer price index (CPI) dropping from 6.8% in July to 6.7% in August. So what, you might ask? After all, it’s a far smaller drop than the one we heard

The rate of inflation has eased slightly to 6.7% confounding the predictions of economists that it would rise. The Office for National Statistics (ONS) said the consumer prices index (CPI) measure slowed in the 12 months to August, from the 6.8% figure reported the previous month, thanks to food rising at a weaker pace during

Elon Musk has said he will start charging people to use the social media site formerly known as Twitter. NBC News reports the billionaire businessman, who renamed the platform to X, revealed on a live stream that the company would introduce a “small monthly payment” to combat “vast armies of bots”. Musk has long complained

Marks & Spencer is swapping plastic bags for paper ones across all of its stores following a successful trial. The retailer has become the latest chain to opt for the more environmentally friendly bags following Morrisons, Waitrose and Aldi, which all use paper bags for customers – though some stores offer plastic bags as an

Russia’s central bank has hiked interest rates by 3.5 percentage points to 12% in an emergency move after the rouble plunged in value. It comes after the currency fell to an almost 17-month low of 101 roubles to one US dollar on Monday – a loss of more than a third of its value since

DAZN Group, the streaming service owned by Sir Len Blavatnik, is buying a women’s football content platform amid burgeoning global interest in the sport. Sky News has learnt that DAZN has struck a deal to acquire ata football, which is backed by the Miami-based sports investment firm 777 Partners. City sources said the deal could

A broadband provider has been slapped down by the advertising watchdog for misleadingly implying the existence of 6G. 6G Internet was the subject of a complaint about claims on its website and in a leaflet. 6Ginternet.com displayed the company logo and the promise of “full fibre speeds at affordable prices”, with an entire page dedicated

The owner of the Daily Mail is in talks with prospective backers of a bid for The Daily Telegraph  - a deal that would underline its proprietor’s status among the most powerful figures in British media. Sky News has learned that Lord Rothermere, chairman of both DMGT and its consumer division dmg media, is courting

Elon Musk has suggested his planned cage fight with Meta co-founder Mark Zuckerberg will take place in an “epic location”. In a series of posts on X, formerly known as Twitter, the company’s controversial owner said he has been in contact with the Italian prime minister and minister of culture about hosting the event. He

News Corporation has reported a 75% fall in profits – but says it is optimistic about the future thanks to the “remarkable opportunity” of AI. The media giant said it achieved net income of $187m (£147m) to the year ended 30 June, down sharply on $760m (£598m) the previous year. But chief executive Robert Thomson

The Italian government has introduced a surprise 40% windfall tax on the profits made by banks from high interest rates. Ministers said they planned to use the proceeds to help mortgage holders – but said it was a one-off levy to be applied this summer. The announcement sent banking shares tumbling. Italy’s largest chain Intesa

Food prices may not fall at all, the chief economist at the Bank of England has said. The cost of sustenance “could still remain higher than it was” before the invasion of Ukraine caused the rate of food price rises to accelerate. “Unfortunately the days of seeing food prices fall, that does seem to be