Sky Business News

President Donald Trump will attend the World Economic Forum in Davos next week as head of the largest ever US delegation to attend the annual meeting, including five cabinet members, and a host of congressional representatives and state governors.

The governor of the Bank of England has joined a chorus of opposition to the treatment of his US counterpart following revelations he is facing a criminal inquiry.

Labour risks igniting a new cronyism row over public appointments by lining up the outgoing boss of Unison, one of its biggest trade union backers, for a plum role on the board of the National Portrait Gallery (NPG).

The business secretary will this week pledge to "protect" fast-growing UK companies from overseas predators as he claims that the government's new industrial strategy is already delivering substantial gains for Britain's economy.

The Scottish government has unveiled its draft budget for 2026-27 - with a boost to the Scottish Child Payment and homes worth more than £1m to face higher council tax bills.

On the face of it, an announcement of 25% tariffs against any nation trading with Iran amounts to a major escalation of Donald Trump's global trade war.

Donald Trump has announced fresh tariffs on Iran's trading partners in an apparent response to the rising number of people killed during recent protests.

Sir Keir Starmer has threatened to "control" X's AI chatbot Grok if Elon Musk's social media platform continues to create sexual images of women and children.

A record number of illegal worker arrests and raids have been carried out by the Home Office in the past 18 months.

A hostile takeover bid for media giant Warner Bros Discovery (WBD) has ratcheted up with entertainment conglomerate Paramount taking legal action to force the release of financial data.

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Ofcom has launched a formal investigation into X's AI tool, Grok, over it being used to create sexualised imagery of women and children.

The investment vehicle set up to house a string of prominent sports assets is launching a €2.7bn (£2.3bn) debt-raising process aimed at funding its ambitions to become a global powerhouse.

Jamie Dimon, the JP Morgan Chase chief, and Rachel Reeves, the chancellor, will jointly host an event at next week’s World Economic Forum, two months after the Wall Street behemoth said it would open a vast new office in London in the wake of a budget which exempted the banking sector from punitive tax rises.

Manchester United captain Bruno Fernandes's X account has been hacked, the club said, after a post on Sunday was critical of the club's co-owners. 

Financial markets have taken fright amid a resumption of the row over US central bank independence between its chair and the Trump administration.

WH Smith, the London-listed travel retail group, is drawing up plans to identify a new chairman amid a battle to restore investors' faith in the company.

The company behind London's Pride parade recorded a £120,726 loss in 2024, latest accounts show.

A UAE-based steel company has made an approach to buy Britain's third-biggest steel producer, months after it was declared "hopelessly insolvent" and fell into the hands of the Official Receiver.

The owners of the RAC will next week launch a process expected to culminate in a £5bn sale or stock market listing of the breakdown recovery service later in 2026.