Author: SKYNEWS

Jean-Michel Jarre is no stranger to pioneering technology – so it was fitting he has become the first passenger to take off in KleinVision’s flying car.Known for his laser show concerts – watched by millions – he was a frontrunner in the electronic, ambient and new-age genres of music. And as a long-time supporter of future tech – he jumped at the chance to complete two flights in the record-breaking vehicle at Piestany international airport in Slovenia.”One second you speak to the driver, and next, you are up there in the air. An amazing experience,” he said. Image: Jean-Michel Jarre…

Tesla’s quarterly revenue has dropped for the first time in almost four years, according to financial result filings, demonstrating why the electric carmaker is cutting prices further along with its cost base.The company, founded and run by Elon Musk, reported revenues of $21.3bn over the first three months of the year, its first quarter. That was down 9% on the $23.3bn sum achieved in the same period last year.However, Tesla shares – down by around 40% over the year to date – were 6% higher in after-hours trading.That was mostly explained by an announcement that the promised launch of new…

Senior figures at the Post Office began describing computer bugs as “exceptions” as they grappled with mounting complaints from sub-postmasters about its faulty Horizon IT system, it has emerged.The then Post Office chief executive Paula Vennells made the suggestion to colleagues after she asked her husband for advice on a “non-emotive” way of referring to computer problems, the inquiry into the Post Office scandal heard. It came amid concern within the company about bad publicity over the prosecution of sub-postmasters accused of stealing from branches.Between 1999 and 2015, more than 700 Post Office managers were prosecuted after the faulty accounting…

The FTSE 100 has hit a second all-time closing high in as many days.The index of the UK’s biggest 100 listed companies, having earlier hit a new intra-day high of 8,075.52 at just after 8.24am on Tuesday, finished the session up 20.94 points, around 0.26%, at 8044.81. It’s worth reflecting it has taken just over a year for the premier index to recapture the summit last achieved when, on 16 February 2023, the FTSE hit the dizzying heights of 8,047.06.A fair bit has happened since then.Money latest: Petrol price spikes and ‘stealth’ raid on Britons’ inheritance revealed When the FTSE…

The family at the centre of allegations against former BBC newsreader Huw Edwards have said they are “still suffering”.The mother of the young person involved has said the family had “so many questions” after his resignation from the BBC was announced on Monday. Speaking to The Sun, she said Edwards’s resignation wasn’t “the end for us”.The BBC said Edwards had stepped aside “on the basis of medical advice from his doctors”.It brought to an end a 40-year career at the broadcaster, which included fronting coverage of the 2019 General Election and major national events such as the death of Queen…

A former HR director at the Post Office, whose misconduct claims against chief executive Nick Read were dismissed following an internal investigation, has written to MPs in a bid to plead her case.Jane Davies, who was in post for seven months from December 2022 until she was dismissed, claimed Mr Read led a “deliberate campaign to defame and ostracise me” after she failed to secure him a satisfactory pay rise. In the March-dated letter released by the business and trade committee on Tuesday, Ms Davies said she spent the first eight weeks in her role as group chief people officer…

Richard Osman has revealed three out of four of the lead characters for the forthcoming big screen adaptation of The Thursday Murder Club.Helen Mirren, Pierce Brosnan and Ben Kingsley will take on the roles of Elizabeth Best, Ron Ritchie and Ibrahim Arif respectively. Image: Helen Mirren, Pierce Brosnan and Ben Kingsley. Pic: AP The Pointless host shared the names of the key cast members on his bi-weekly podcast The Rest Is Entertainment, which he presents with journalist Marina Hyde.Chris Columbus – the man behind Home Alone, Mrs Doubtfire and two Harry Potter movies – is set to write and direct…

Associated British Foods, the parent company of Primark, says pre-tax half-year profits jumped by 37% in the six months to March.On today’s episode, Ian King looks at what that has done for its share price. Meanwhile, he digs into the markets after a record-high FTSE 100 close of 8,023.Plus, a blow for Chancellor Jeremy Hunt after government borrowing came in higher than forecast.Listen and subscribe to The Ian King Business Podcast here. Source link

PEN America has called off their annual awards ceremony after nearly half of the authors and translators nominated for a prize withdrew their books from consideration.The literary and free expression organisation, who hand out hundreds of thousands of dollars in prizes each year, had been due to hold the ceremony in New York next week. “This is a beloved event and an enormous amount of work goes into it, so we all regret this outcome but ultimately concluded it was not possible to carry out a celebration in the way we had hoped and planned,” PEN America CEO Suzanne Nossel…

Investors in Getir, the grocery delivery app which at one point attained a valuation of almost £10bn, are to inject yet more money into the company to fund its exit from the UK and Europe.Sky News has learnt that shareholders in the company have drawn up provisional plans to commit tens of millions of pounds more into Getir in the coming weeks, even as its retrenchment poses a threat to thousands of jobs. Sources close to the situation said that leading investors, who include Mubadala, the Abu Dhabi state-backed fund, Sequoia Capital and Tiger Global, were understood to have agreed…