Author: SKYNEWS

Sky News’s economics and data editor Ed Conway looks at the implications of Britain entering recession on this episode. Although the two quarters of negative growth is a fairly arbitrary definition and could be revised, Ed tells host Greg Milam why the GDP per head figures could tell us more. They also discuss the political implications for Rishi Sunak who’d made growing the economy one of his big five pledges.Plus, Manchester restaurant owner Karina Jadhav on what recession means for her business.Click to subscribe to the Sky News Daily wherever you get your podcasts Producer: Alex EddenAssistant producers: Evan Dale,…

Odysseus is on its epic journey to the moon.The 240,000-mile voyage is one of jeopardy and challenge for the spacecraft, just as it was for its namesake in the Greek myth. Even reaching the launch pad was an achievement.NASA contracted the Texas-based Intuitive Machines to take several instruments to the moon for a fixed price of $116m (£94m).That’s well below what it would cost NASA to undertake the same mission. NASA believes that private companies can innovate new ways of getting to the moon for less money. Lift-off – as it happened:SpaceX rocket launches for moon’s south pole Image: Intuitive…

Financial firms have been warned to watch out for junior members of staff being recruited or compromised by organised crime gangs wanting to make money from insider trading.The Financial Conduct Authority (FCA) issued the advice after three men were arrested on suspicion of insider dealing and money laundering “linked to organised crime”. The regulator revealed that the trio, which included two men aged 52 and another aged 53, had been detained following raids at three residential properties in London on 1 February. They have since been released on bail.A fourth suspect, a 48-year-old man, was also interviewed under caution on…

An Oklahoma radio station has backtracked after its refusal to play a country song by Beyonce went viral.The star unveiled two country-style songs during the Super Bowl ads at the weekend, but when a fan asked KYKC to play one they flatly refused. Its curt reply – that we “do not play Beyonce on KYKC as we are a country music station” – racked up 3.5 million views and 25,000 likes on X.The fan accused the station of “blatant racism and discrimination” and urged others to email to request the track.Tagging fan account @BeyLegion appeared to do the trick and…

The founders of White Stuff, the fashion retailer, are exploring a potential sale of the business they founded in 1985.Sky News has learnt that George Treves and Sean Thomas have engaged Rothschild, the investment bank, to field offers following the receipt of an unsolicited approach from a prospective buyer. Money latest: Biggest rise in average mortgage rates since last JulyCity sources said on Thursday that the pair had not committed to a sale of the chain and that a decision to do so would depend on the valuation it attracted.One analyst suggested that the company could be worth in the…

Marvel Studios have revealed the actors who will play The Fantastic Four in their upcoming movie.English stars Vanessa Kirby and Joseph Quinn, The Last Of Us actor Pedro Pascal and The Bear star Ebon Moss-Bachrach will take on the roles of astronauts who develop special powers. Instagram This content is provided by Instagram, which may be using cookies and other technologies. To show you this content, we need your permission to use cookies. You can use the buttons below to amend your preferences to enable Instagram cookies or to allow those cookies just once. You can change your settings at…

Let’s get the provisos out of the way first.The fact that the UK is technically in recession changes nothing fundamentally. The economy had been performing weakly for some time. Gross domestic product – the broadest measure of how much income we are all generating across the country – had been essentially flatlining since early 2022.Defining a recessionThe definition of a recession is somewhat arbitrary anyway. For some reason no one can quite remember, economists alighted on the notion that when the economy shrinks for two successive quarters, it constitutes a technical recession.Imagine if we had learnt today that the economy…

The UK economy has officially entered recession, figures show.A recession is defined as two consecutive three-month periods where the economy contracts rather than grows. A major measure of economic growth, gross domestic product (GDP) shrank 0.3% between October and December, the latest Office for National Statistics (ONS) data shows.It’s a steeper fall than expected by economists who had forecast a 0.1% contraction.It followed 0.1% of negative economic growth in the three months from July to September. The data, however, is just an estimate and is subject to revision.Figures are routinely revised as more information becomes available. Consumer spending power has…

The reason grey squirrels outcompete the red version of the rodents may lie in their gut bacteria, scientists believe.Grey squirrels are an invasive species that was introduced to the UK and Ireland in the late 19th century from North America. They out-compete the native reds for food and space and carry a disease, called squirrel pox, which kills reds but has no known lasting effect on greys.Grey squirrels also pose a threat to the sustainable management of woodlands because of the damage they cause to trees by bark stripping, a behaviour that was not fully understood by experts.Now an analysis…

Takeaway delivery strikes will be held every Friday and on holidays if demands are not met, an organiser has said ahead of the Valentine’s Day stoppage. A group calling itself Delivery Jobs UK says up to 4,000 delivery riders could strike between 5pm and 10pm on Wednesday night as there are four full WhatsApp groups, each with more than 1,000 users, discussing dissatisfaction with pay for food delivery jobs. Apps riders use are Just Eat, Uber Eats, Deliveroo and Stuart. They are mainly for delivering takeaways but can be used to buy groceries.Deliveroo has contacted restaurants in areas it expects…