Author: SKYNEWS

The fintech business founded by Antony Jenkins, the former Barclays chief executive, has secured $50m in a fresh injection of capital from investors.Sky News has learnt that 10X Banking Technology recently closed its first funding round since 2021 with new money understood to have been provided by existing shareholders in the company. 10X was set up by Mr Jenkins in 2016, a year after he was ousted as the Barclays chief, and has since raised hundreds of millions of dollars from investors including BlackRock, JP Morgan and Nationwide.Records at Companies House suggest that the company’s accounts for 2022 are now…

Two tech giants are battling it out for the title of the world’s most valuable company. Microsoft had overtaken Apple for the first time since 2021 to become the world’s most valuable firm by market capitalisation – which measures the value and number of a company’s shares. Money latest:’Huge announcement’ on car finance could see millions get payoutMicrosoft surpassed Apple at numerous points throughout Thursday’s trading on the New York Stock Exchange (NYSE) when its value reached $2.87trn (£2.25trn) and Apple shares fell by 1%.But Apple reclaimed the top spot as the trading day wore on. This latest movement comes…

An American lawyer who fought a years-long battle in the 1970s to prevent John Lennon from being deported from the US has died aged 90.Leon Wildes, whose health had been declining since he suffered a series of strokes, died on Monday at Lenox Hill Hospital in Manhattan, his family said. His name became part of musical and political history after, in 1972, he got involved in the case involving Lennon and Yoko Ono, who needed help getting their visas extended.He eventually succeeded, becoming a hero among Beatles fans. Image: John Lennon in New York in 1968. Pic: Ap ‘No idea…

Vue International, Europe’s largest independent cinema operator, is finalising a fresh debt restructuring after the Hollywood actors’ strike halted the release of a string of blockbuster movies.Sky News has learnt that UK-based Vue, its shareholders and lenders are in the process of organising the company’s second debt-for-equity swap in 18 months in a bid to put the business on a sustainable long-term footing. Under the plans, hundreds of millions of pounds of existing debt will be converted to equity, with roughly £50m of new capital being injected into the company.This weekend, Vue’s founder and chief executive, Tim Richards, told Sky…

Online retailer eBay has agreed to pay a $3m (£2.4m) fine to resolve criminal charges over employees who harassed a couple by sending live spiders, cockroaches to their home.David and Ina Steiner also had a funeral wreath, a bloody pig mask, and a book about surviving the loss of a spouse, show up at their door, while their home address was posted online with announcements inviting strangers to yard sales and parties. Mr and Mrs Steiner, who live in Massachusetts, produced an online newsletter called EcommerceBytes, which had upset eBay executives with its coverage.The Department of Justice charged eBay with…

More than 450 props, gowns and sets from all six seasons of Netflix’s The Crown are to be sold in a live and online auction next month with proceeds funding a host of scholarship places for future filmmakers.Among some of the items, part of an exhibition now open to the public in London, is a replica of the so-called Princess Diana “revenge dress”. The infamous black silk gown made headlines in 1994 when Diana wore it the same evening Prince Charles admitted adultery in a television interview – and again when fans of the series saw Elizabeth Debicki recreate the…

The Post Office could be facing a £100m bill and insolvency after claiming tax relief for its compensation payments to sub-postmasters, a tax expert has claimed.Dan Neidle, the head of non-profit organisation Tax Policy Associates, said the Post Office claimed £934m tax relief for its compensation payments, and suggested it could be “unlawful”. The Horizon scandal saw more than 700 sub-postmasters and sub-postmistresses handed criminal convictions after faulty Fujitsu accounting software made it appear as though money was missing at their branches.Read More:Civil servants accuse ex-ministers of ‘cowardly’ blame game over Post Office scandalWho are the key figures in Post…

What lies 1,000 metres beneath the North Sea could help the climate of the atmosphere above. And I’m on my way down to see it.The rattly lift drops at 10 metres per second, the speed of a sprinter, ruffling the air and flapping my shorts as it plunges down. Yes shorts. I wear a lot of PPE on location in my job but this is the first time I’ve donned hi-vis beachwear accessorised with bright orange shin-pads. It’s needed because one danger the miners face is heat. This far below, you’re closer to the Earth’s core so the temperature climbs…

A pair of Friends scripts found in a bin 25 years ago have sold at auction for £22,000, despite their value previously estimated to stand at no more than £800.Auctioneers at Hanson Ross in Hertfordshire said they were “flabbergasted” by the “phenomenal global interest” in the scripts of The One With Ross’ Wedding, season four’s famous two-part finale. The saleroom’s head of operations, Amanda Butler, told Sky News their phonelines were swamped with bids far exceeding the initial valuation on Thursday, the day before the auction.But bidders “went crazy” for the scripts – which were meant to be destroyed after…

In 2007, Apple was credited with revolutionising the landscape for communications when it launched the first iPhone – a mobile phone that could play music and access the internet.The product laid the foundation for 17 years of smartphones and propelled Apple to become the world’s first company to reach a valuation of more than $3tn (£2.3tn) last year. In recent months, its fortunes have taken a turn. Image: Customers photograph themselves with the new Apple iPhone 15 in London in September Read more Apple stories from Sky News:Apple begins pay-outs over ‘slowed-down’ iPhonesApple watch import ban liftedThe company has faced…