The UK's benchmark stock index has reached an all-time high. The FTSE 100 index of most valuable companies on the London Stock Exchange closed at 8,505.69, breaking the record set last May. It had already broken its intraday high at 8532.58 on Friday afternoon, meaning it reached a high not seen before during trading hours.

TikTok is to be banned in the US from Sunday if it is not sold by its Chinese parent company, the Supreme Court has ruled. However, President Joe Biden has said he will not enforce the ban for the few remaining hours he is in office, leaving it up to Donald Trump to decide what

The UK's benchmark stock index has reached another record high. The FTSE 100 index of most valuable companies on the London Stock Exchange closed at 8,505.69, breaking the record set last May. It had already broken its intraday high earlier on Friday, meaning it reached a high not seen before during trading hours. The weakened

One of the co-founders of Angel City Football Club, the American National Women's Soccer League (NWSL) outfit, is plotting a transatlantic swoop that would see her investment vehicle buying a stake in Chelsea FC's women's team. Sky News has learnt that Monarch Collective, which is jointly headed by Kara Nortman, is among the parties exploring

The International Monetary Fund (IMF) has warned against the prospects of a renewed US-led trade war, just days before Donald Trump prepares to begin his second term in the White House. The world's lender of last resort used the latest update to its World Economic Outlook (WEO) to lay out a series of consequences for

A week of news showing the UK economy is slowing has ironically yielded a positive for mortgage holders and the broader economy itself - borrowing is now expected to become cheaper faster this year. Traders are now pricing in three interest rate cuts in 2025, according to data from the London Stock Exchange Group. Earlier

Former Bank of England governor Mark Carney has announced he is running to replace Justin Trudeau as leader of the Liberal Party and prime minister of Canada. Mr Carney, who was not part of the Trudeau government, has positioned himself as someone who will run as an outsider with considerable financial experience. The 59-year-old was

There has been a surprise contraction in retail sales in December, despite the month being key for many retailers due to Christmas shopping, official figures show. Retail sales fell 0.3% last month, according to the Office for National Statistics (ONS). No drop at all was expected, not least a 0.3% drop. Sales growth of 0.4%

President Joe Biden will not enforce a ban on social media giant TikTok which is due to take effect the day before he leaves the White House, a US official has said. The ban is supposed start on 19 January, a day before Mr Biden leaves the Oval Office and his Republican opponent Donald Trump

China has released a slew of economic data this morning, showing its economy grew last year by a solid 5% percent, meeting the government's target. Other annual figures released show that total retail sales of consumer goods were up by 3.5% last year, compared to 2023. But despite these positive indicators China's economy is still