There was much excitement when, in April, the chancellor, Rishi Sunak, announced the launch of a new taskforce between the Treasury and the Bank of England to co-ordinate exploratory work on a potential central bank digital currency. The currency was immediately nicknamed ‘Britcoin‘ although it is unlikely to take that name if or when it
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The former owner of Formula One motor racing is in talks about a $600m deal that could transform the face of global tennis by combining the organisers of the men’s and women’s tours under a single commercial entity. Sky News has learnt that CVC Capital Partners is in detailed negotiations about an investment in the
Workspace provider IWG has said people are not going back to the office as quickly as they had hoped, warning the trend may impact its profits this year. The company, which owns the Regus brand and competes with brands like WeWork that also offer flexible working spaces, said its profits would be “well below” what
Double the usual number of flights to the UK are due to leave Portugal as holidaymakers scramble to leave on the last day before the country moves to the amber travel list. Thirty-nine flights were due to depart from Faro Airport in the Algarve for the UK on Monday, nearly twice as many as are
Shadow foreign secretary Lisa Nandy has accused Boris Johnson of being “missing in action” on the issue of border controls in Northern Ireland. The Labour minister told Sky News the government must sort out the border in the Irish Sea which is “causing absolute havoc” and warned ministers they have a responsibility to ensure any
Britain’s lowest-paid workers are most at risk of unemployment when the government’s furlough scheme ends later this year, according to a new study. They were also three times more likely to have already lost their jobs during the pandemic, after a “rollercoaster” year, researchers at the Resolution Foundation said. The think tank, which focuses on
The governor of the Bank of England has warned the risks of climate change are not reflected in the market prices of most financial assets. Andrew Bailey was speaking at the Reuters Responsible Business 2021 conference when he said physical risks, such as property damage, could lead to displacement and conflict. This could cut company