South Korea has accused the Chinese AI company DeepSeek of sharing user data with TikTok's owner, according to the Yonhap news agency. The South Korean data regulator said DeepSeek was communicating with ByteDance, although it has not yet confirmed what user data was shared between the companies. Read more: What is DeepSeek? Over the weekend

The industrial veterans who turned Melrose Industries into one of Britain's most prominent public companies are targeting a $2bn (£1.59bn) takeover of a US-based manufacturer of wire harnesses. Sky News has learnt that Rosebank Industries, which floated on the London stock market last summer, has identified Electrical Components International (ECI) as its first major acquisition.

Inflation has risen a surprising amount to the highest in nearly a year, official figures show. This means prices are rising even more than at any time since last March, according to data from the Office for National Statistics for January. The consumer price index (CPI) ticked up steeply to 3% from 2.5% a month

Plans for a new electric arc furnace in Port Talbot have been approved by the local planning authority. Tata Steel's application was given the go-ahead on Tuesday morning at a meeting of Neath Port Talbot Council's planning committee. The company closed both of its blast furnaces last year and said they would be replaced by

The Duchess of Sussex has relaunched her lifestyle brand under a new name - and shared a rare picture of her daughter Lilibet. Posting to her recently-created Instagram account, Meghan said she was "thrilled" to be changing the name of her American Riviera Orchard lifestyle brand to As Ever - a project which she "poured

Insurance claims following fires caused by air fryers are running into tens of thousands of pounds, an insurer has warned. The typical claim for 2024 was £29,555, according to Aviva, but in one case it was as high as £80,000. It has reported incidents where fire and smoke damage has spread to the entire kitchen

The City duo who orchestrated last year's sale of Hipgnosis Songs after a bitter governance battle are raising tens of millions of pounds to target undervalued alternative asset managers listed on the London stock market. Sky News has learnt that Christopher Mills, the veteran fund manager, and Robert Naylor, a serial company chair, are to

Rachel Reeves' quest to kickstart growth in Britain's economy will see her holding talks with leading investment bankers and asset managers this week, the latest in a series of summits with senior financiers. Sky News has learnt that the chancellor has called in executives from companies including Abrdn, BlacRrock, Citi, Goldman Sachs, JP Morgan, Morgan

Thames Water, which was due to run out of money, has been given a lifeline after a £3bn loan was approved by the High Court. The loan gives the UK's biggest water provider time to sort out its finances and could ward off nationalisation. Court approval had been needed for the rescue plan centred on

Meta is planning to build the world's longest undersea cable, aiming to connect the US, India, South Africa, Brazil and other regions. The owner of Instagram, Facebook, and WhatsApp will build a 50,000km (31,000-mile) cable, which is longer than the Earth's circumference, to make sure artificial intelligence and other new technologies are accessible around the