Author: SKYNEWS

Elon Musk is on track to become the world’s first trillionaire by 2027, according to a new global wealth report.Musk, 53, is currently the richest person in the world, with a net worth of $251bn (£191bn), according to Bloomberg’s Billionaires Index. However, according to Informa Connect Academy’s findings, his wealth has been growing at an average rate of 110% a year.It means that – providing his wealth continues to grow at the same rate – he could reach the trillionaire mark within the next three years, according to the findings.The same report – the 2024 Trillion Dollar Club – puts…

Boeing’s Starliner capsule, which has been plagued with problems, has returned to Earth, leaving two astronauts behind on the International Space Station (ISS).The spacecraft – running on autopilot – parachuted into the New Mexico desert six hours after setting out. Cameras caught the capsule as a white streak coming in for the touchdown at 11.01pm local time (5.01am on Saturday UK time), which drew cheers from Boeing’s Mission Control.NASA judged it too risky for Butch Wilmore and Suni Williams to get back into the spacecraft.It means they’ll remain on the ISS until February, more than eight months after blasting off…

A clearing bank launched just three years ago is raising tens of millions of pounds of fresh funding just days after it was served with a winding-up petition by the UK tax authorities.Sky News understands that The Bank of London, which attempted to rescue Silicon Valley Bank UK last year, is progressing plans for the capital-raising, which one person close to the company said could secure “up to £50m”. The precise figure was unclear this weekend.The new funding is understood to be being lined up from a number of investors including an entity called Aphorism Holding, according to the person.Nada…

Sir Elton John looked in good spirits as he made his first public appearance since revealing a severe eye infection had left him with limited vision.The 77-year-old singer smiled and gave the thumbs-up as he arrived on the back of a buggy at Toronto International Film Festival alongside his husband David Furnish. The Rocket Man star was at the red carpet event for the world premiere of a documentary about his life. Image: The singer appeared in good spirits. Pic: AP Directed by RJ Cutler and Furnish, Elton John: Never Too Late looks back over the musician’s decades-long career and…

The Starliner space capsule which developed faults as it transported two NASA astronauts to the International Space Station (ISS) is to be flown back to Earth unmanned on Friday.It should be taking test pilots Sunita “Suni” Williams and Commander Barry “Butch” Wilmore back to Earth, but the pair are staying on the ISS instead after NASA decided it would not risk having them on board as planned. The capsule suffered thruster failures and helium leaks on its way to the station in June, leaving the US space agency’s bosses to decide whether to bring the pair home or leave them…

The Aston Martin Formula One team is to set a new valuation benchmark by selling a large stake to two of the world’s most prominent investment funds.Sky News can exclusively reveal that HPS Investment Partners, a US-based firm which manages roughly $115bn (£87.6bn) in assets, and Accel, one of the giants of the Silicon Valley venture capital sector, are on the verge of investing hundreds of millions of pounds into the team’s holding company. Money latest: Best paying jobs after universitySources close to the sport said an investment by Accel and HPS was expected to value Aston Martin F1 at…

Lady Helen Wogan, the wife of late TV veteran Sir Terry Wogan, has died after a “fantastic life”, her son has announced.Mark Wogan said he hoped she and his father, who died from cancer in January 2016 at the age of 77, were “sharing a vodka martini and hoping we don’t make too much of fuss”. Announcing the news on Instagram, Mr Wogan shared a video featuring pictures of his mother and father over the years, describing Lady Helen as “the epitome of style and grace”.”Our beautiful mum left us last night after a fantastic life,” he wrote.”From a young…

Telegram boss Pavel Durov has admitted his encrypted messaging app is not perfect but strongly denied it was an “anarchic paradise” as he broke his silence following his arrest in France.Writing on the platform in his first public comments since his detention, the chief executive argued the approach taken by the French authorities was “misguided” and should have raised concerns with the company. He pointed out they had access to a “hot line” he had helped set up and could have contacted Telegram’s EUrepresentative at any time.The Russian-born 39-year-old, who became a French citizen in 2021, was held last month…

The billionaire businessman Richard Caring is close to clinching a sale of his collection of Ivy restaurants, paving the way for a new owner of some of London’s biggest celebrity haunts.Sky News has learnt that Mr Caring, who began exploring an auction late last year, is on the brink of signing a deal with Si Advisers, a little-known London-based firm. Sources said a deal could be formally struck within weeks and was expected to value at around the £1bn valuation mooted for the business over the last eight months.Money latest: Nation’s favourite tea named after taste testThe deal will represent…

Jeremy Kyle has arrived at court to give evidence at an inquest into the death of a man who appeared on The Jeremy Kyle Show.Steve Dymond, 63, was found dead at his home in Portsmouth, Hampshire, in May 2019, seven days after taking part in the show. Image: Steve Dymond died after filming an episode of The Jeremy Kyle Show. Pic: Family handout/PA A coroner found he had died of a combination of a morphine overdose and left ventricular hypertrophy in his heart.Mr Dymond had taken a lie detector test for the ITV programme after being accused of cheating on…