Business

A London-listed advertising technology provider has caved into shareholder pressure and abandoned plans to recalibrate a multimillion-pound executive pay scheme. Sky News has learnt that Tremor International has withdrawn two resolutions that were scheduled to be voted on at its annual meeting on Wednesday. They related to a repricing of share options and an increase

The former boss of one of the world’s biggest cryptocurrency exchanges has been criticised after he was charged with defrauding investors out of $1.8bn (£1.5bn). Sam Bankman-Fried, the founder of FTX, was charged by the US Securities and Exchange Commission (SEC). John Ray, who was named Chief Executive of FTX after Bankman-Fried stepped down and

Police in the Bahamas have arrested Sam Bankman-Fried, the founder of bankrupt crypto firm FTX. The country’s attorney general said the Bahamas received formal notification from the US that criminal charges have been filed against him there – and it was likely there would be a request for his extradition. FTX, the world’s second-largest cryptocurrency

Rail strikes planned for later this week will go ahead as union members have voted to reject an offer from Network Rail. Planned work stoppages by members of the RMT union will take place on 13, 14 and 16 and 17 December. More strikes are planned from 6pm on 24 to 5.59am on 27 December.

Troops are being trained to drive ambulances ahead of strikes as the government holds emergency COBRA meetings to limit disruption while 10 different industries go on strike this week. Over the weekend, government sources said a decision had not yet been made to put in a formal request to the Ministry of Defence but said

Britain’s biggest retailer is preparing to kick off a search for a new chairman, firing the starting gun on a race to fill one of the FTSE-100’s most prestigious boardroom posts. Sky News has learnt that Tesco is drawing up plans to begin identifying a replacement for John Allan, who will step down in 2024.

It can feel like all the money is flying straight out of your bank account this month, but payday isn’t quite as far away as you may think. There is also a range of extra benefits available in December which could ease some pressures amid the cost of living crisis. Here are some key money

The cost of antibiotics needed to treat Strep A has skyrocketed – as industry professionals claim prices have been hiked up to take advantage of “unprecedented” demand. Multiple pharmacies have warned they cannot obtain the necessary medications to treat Strep A as a 16th child died in Sussex with a suspected infection on Friday –

Depending on your point of view, Jeremy Hunt’s proposed reform of financial regulations represents a potentially significant boost to the competitiveness of the UK’s financial services sector or a potentially dangerous watering-down of rules put in place to prevent a re-run of the financial crisis. The truth, as ever, is that it is probably somewhere

Twitter has been accused of secretly “blacklisting” prominent right-wing figures in the US in order to ensure they reached a smaller audience. High-profile right-wing individuals – such as talk show host Dan Bongino, conservative activist Charlie Kirk and anti-lockdown campaigner Dr Jay Bhattacharya – were apparently demoted by Twitter staff before it was taken over

A striking Royal Mail worker has voiced fears up to 25,000 staff could be sacked and new working conditions imposed on those left after the core Christmas season has finished. The man, who usually delivers letters and parcels in the London area and is being identified as ‘Derek’ because he wished to remain anonymous, was

Germany’s biggest fraud case gets underway as the former executives of payments company Wirecard stand trial after a scandal that rocked the German establishment. In a new, bomb-proof court built 5m (16ft) underground to try terror suspects, CEO Markus Braun will appear. He, and two other Wirecard managers, Oliver Bellenhaus and Stephan von Erffa, stand

Motorists should not expect to see a return of supermarkets using cheap fuel to lure in shoppers, an industry source has told Sky News. They spoke out after weeks of criticism from motoring groups and fuel price campaigners that supermarket petrol stations are failing to reflect plunging wholesale fuel prices. Data supplied by the AA

A compensation scheme for postmasters who helped expose the Post Office scandal has been unveiled by the business secretary. Postmasters who were impacted by the Post Office scandal starting from the late 1990s will be compensated under a fought-for scheme to be delivered by the Department for Business, Energy and Industrial Strategy and overseen by

The price of own-brand and budget products in supermarkets has been rising far faster than premium and branded items during the cost of living crisis, new figures suggest. Which? tracked tens of thousands of products across eight major supermarkets – and while budget ranges had surged by as much as 18%, the price of premium

A minister has urged the Rail, Maritime and Transport union not to “hold the country to ransom” after it announced days of extra strikes over Christmas in a long-running dispute over pay, jobs and conditions. Calling on the union to cancel the strikes, Nick Gibb, the school minister, said the walkouts are “inconveniencing people up

The UK is already in a recession which is expected to last into next year, according to the UK’s biggest business group.  The Confederation of British Industry (CBI) downgraded its economic growth outlook amid a stormy picture of declining business investment, higher price forecasts, continued high interest rates and worker shortages. The economy is to

Workers across the UK will soon be able to request flexible working from day one on the job, under new plans by the government. Under the legislation making its way through parliament, employees will no longer be required to wait 26 weeks before making a request for flexible working arrangements. Employers will be required to

The RMT has rejected an offer from train operators aimed at preventing strikes over the Christmas period, the union has announced. The Rail Delivery Group (RDG) said its proposed framework would have supported pay increases of up to 8%, covering 2022 and 2023 pay awards, while delivering much-needed reforms. But the RMT, led by secretary

Amazon is planning to resume multimillion dollar advertising on Twitter, according to reports. The move will see Amazon ply about $100m (£81.3m) per year into the platform, now owned by Elon Musk, according to Reuters news agency, citing a tweet from the tech blog Platformer. The tweet by a Platformer reporter said the company’s return