The joint owner of Chelsea Football Club has joined forces with one of his fellow board members to bid for the most valuable team in English cricket's Hundred competition. Sky News has learnt that Todd Boehly is backing a bid spearheaded by Jonathan Goldstein, a British property entrepreneur, in an offer for a large stake

A depiction of Nexus satellites in a medium Earth orbit constellation. Astranis The U.S. Air Force began deploying the Global Positioning System — more commonly known as GPS — nearly 50 years ago, satellites which have become critical infrastructure for both the military and the economy. Since then, GPS is estimated to have generated more

Salesforce CEO Marc Benioff attends the TIME100 Gala at Jazz at Lincoln Center in New York on April 26, 2023. Dimitrios Kambouris | Getty Images Greek media company the Antenna Group is in talks to acquire fellow media company Time from Salesforce co-founder Marc Benioff, according to people familiar with the matter. No deal is

UK markets stabilised on Friday, offering some reassurance to Rachel Reeves as investors, policy makers and business continued to absorb the scale and implications of her first budget. Thursday saw an unusually large increase in the cost of UK government borrowing in response to the massive package of tax rises and increased borrowing. Yields on

Apple committed about $1.5 billion to satellite communications company Globalstar to fund the expansion of iPhone services, the companies disclosed in a securities filing on Friday. The tech giant's deal with Globalstar includes $1.1 billion in cash, of which $232 million will go toward the satellite company's current debt, and a 20% equity stake. The

Salesforce CEO Marc Benioff attends the TIME100 Gala at Jazz at Lincoln Center in New York on April 26, 2023. Dimitrios Kambouris | Getty Images The Greek media company Antenna Group is in talks to acquire Time from Salesforce co-founder Marc Benioff, according to people familiar with the matter. No deal is assured and the

Ferragudo, Portugal. Gonzalo Azumendi | Stone | Getty Images A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer.  Sign up  to receive future editions, straight to your inbox. A growing number of wealthy Americans are making plans to leave the

The business secretary will next week hold talks with dozens of private sector bosses as the government contends with a significant corporate backlash to Labour's first fiscal event in nearly 15 years. Sky News has learnt that executives have been invited to join a conference call on Monday with Jonathan Reynolds, in what will represent

People seen around the Starbucks coffee store in Shenzhen, China. Jakub Porzycki | Nurphoto | Getty Images On Starbucks' fourth-quarter earnings call, newly installed CEO Brian Niccol told investors he needed to spend more time in China to understand the challenges. The company's same-store sales in the country plummeted 14% as foot traffic and the

Boeing workers from the International Association of Machinists and Aerospace Workers District 751 gather on a picket line near the entrance to a Boeing production facility on the day of a vote on a new contract proposal during an ongoing strike in Renton, Washington, U.S. October 23, 2024.  David Ryder | Reuters Boeing and its