Rolls-Royce Warns Of Oil Hit As Revenues Dip

The engineering firm Rolls-Royce has warned of the impact falling oil prices could have on its customers while confirming its first fall in annual revenues for a decade. The company, which announced plans in November to cut 2,600 jobs, has been hit...

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Is Apple Building Top Secret Electric Car?

Is Apple Building Top Secret Electric Car? We use cookies to give you the best experience. If you do nothing we'll assume that it's ok. Close The man in charge previously led teams developing the iPod and iPhones Apple...

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HSBC Chief: 'Swiss Bank Claims Are Painful'

By Mark Kleinman, City Editor Revelations about tax-dodging activities facilitated by the private wealth arm of HSBC have been painful and frustrating, the bank's chief executive told staff on Friday as he conceded that it had failed to meet the standards...

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Russia Warned Over Ukraine Truce Failure

Russia has been warned sanctions will be ramped up if the truce to end the Ukraine conflict is not fully implemented. The ceasefire is due to come into force on Sunday following 16-hour talks between Russia, Ukraine, France and Germany. Previous...

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Bank Will Act If Weak Inflation Persists

The governor of the Bank of England has said interest rates could be cut further and asset purchases expanded if negative inflation gives way to "bad" deflation. Outlining the Bank's quarterly Inflation Report, Mark Carney said it was "more likely...

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Greek Crisis: Merkel Offers Olive Branch

Germany has relaxed its fierce opposition to an easing of the bailout demands faced by Greece, though there are no signs a new deal is imminent. German Chancellor Angela Merkel offered an olive branch at a summit of EU leaders in Brussels after...

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Greek Bailout Talks Fail To Find Way Forward

Talks between Greece and its eurozone creditors have broken down without even agreement on a way forward as the country seeks to ditch its bailout deal. Following a seven-hour emergency meeting in Brussels, the two sides failed to even issue a statement...

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Tory Peer Says Miliband Tax Claim 'Defamatory'

A Conservative Party treasurer has hit back at a suggestion by Labour leader Ed Miliband that he was involved in "tax avoidance activities". Mr Miliband accused Lord Fink of seeking to avoid paying taxes by holding a Swiss bank account. But...

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Bank Whistleblower: I Tipped Off Taxmen In 2008

By Faisal Islam, Political Editor Herve Falciani, the man who exposed a tax scandal at HSBC by leaking thousands of account details from the bank's Geneva branch, says he first raised concerns about suspect practices at the bank seven years ago. ...

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Sky Wins Majority Of Premier League Matches

By Paul Kelso, Sports Correspondent Sky has won the rights to show 126 live Premier League matches per season for three years from 2016-17 after winning the rights to five packages of games. The broadcaster, which owns Sky News, won the rights to...

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Driverless Car Trials Begin Across Britain

By Lisa Dowd, Sky News Correspondent A project to test driverless vehicles is being launched today in the hope the UK will become a leading global supplier. A shuttle is being tried out in the London borough of Greenwich and an electric pod will...

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Apple Is First US Firm To Hit $700bn Value

Apple is the first company in US history to achieve a value above $700bn (£459bn). The tech firm set the record at the close of trading on Wall Street on Tuesday, making it almost twice the size of the next biggest company, oil producer Exxon...

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Russia Casts Envious Glances At China Economy

By Katie Stallard, Moscow Correspondent, in Blagoveshchensk Blagoveshchensk translates as the "city of good news", but there has been precious little of that for the Russian economy lately. The value of the rouble has plummeted and the country is...

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Prices Spiral As Russia Economy Hits Thin Ice

Marina Gennadievna tends her hot dog stall all day in the bitter cold. She's bundled up in thick winter clothes, peering at customers from under her hat, huddled near the stove for warmth. It's -20C, but apparently this is nothing - the temperature...

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Cameron: 'It's Time Britain Had A Pay Rise'

David Cameron will call for business leaders to pass the benefits of economic growth and low oil prices to employees, saying Britain deserves a pay rise. In a speech at the British Chambers of Commerce annual conference today, Mr Cameron will say...

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Ministers Plot New Energy Switching Drive

By Mark Kleinman, City Editor Ministers are to unveil a fresh drive urging consumers to switch energy companies just weeks before the main parties pledge renewed oversight of the industry in their general election manifestos. Sky News understands...

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Labour Vows To Give New Dads Four Weeks Off

Labour will significantly boost paternity leave if it wins the election - doubling to four weeks the time fathers can take off and adding more than £100 a week to match the minimum wage. The plans are expected to cost the taxpayer at least £150m a...

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HSBC Helped Clients Dodge Tax - Report

HSBC's Swiss banking arm helped wealthy customers avoid tax and hide millions of dollars, according to a report by a network of investigative journalists. The British banking giant provided accounts to international criminals, corrupt businessmen,...

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Miliband Threatens To Blacklist Tax Havens

By Jon Craig, Chief Political Correspondent Tax havens such as Bermuda, Jersey and Guernsey will have six months to open their books or face international blacklisting if Labour wins the General Election in May, Ed Miliband has vowed. The Labour...

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Poundland To Spend £55m On 99p Stores Buyout

Poundland has agreed a £55m takeover of discount rival 99p Stores, subject to clearance by competition authorities. Poundland, which has previously expressed an ambition to double its UK and Ireland network of more than 500 stores, said the deal comprised...

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Ministers Plot New Energy Switching Drive

By Mark Kleinman, City Editor Ministers are to unveil a fresh drive urging consumers to switch energy companies just weeks before the main parties pledge renewed oversight of the industry in their general election manifestos. Sky News understands...

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