The Treasury has revealed proposals to regulate cryptocurrency, following widespread calls for action after the spectacular collapse of one of the world’s largest trading exchanges. Promising a “robust” approach to digital assets consistent with traditional finance, the government says it wants exchanges to have fairer and tighter standards. Under the plans, crypto platforms would become
Month: January 2023
Hundreds of thousands of workers are going on strike, in what will be the biggest day of industrial action for more than a decade. Teachers in England and Wales who are members of the National Education Union are set to stage walkouts – affecting 23,000 schools. Estimates from the NEU suggest 85% of schools across
Jeremy Hunt has faced a twin assault on tax cuts and fuel duty from Tory MPs ahead of his Budget in six weeks’ time. The chancellor was confronted at a meeting of the backbench 1922 Committee on the same day a grim economic forecast put him under more pressure to cut taxes. Leading the onslaught
Ukraine is preparing for a major escalation by Russia – possibly even in the next two to three weeks, the Ukrainian president’s top security official has said. Oleksiy Danilov, Secretary of the National Security and Defence Council of Ukraine, told Sky News that the hardest fighting was yet to come and said the next few
The United States will “continue to oppose anything” that puts a two-state solution “further from reach” after one of the bloodiest months in the West Bank and East Jerusalem in several years, the US secretary of state has said. Antony Blinken said the US opposes Israeli settlement expansion and any moves towards the annexation of
Hollywood actor Alec Baldwin has been formally charged in New Mexico with involuntary manslaughter over the fatal shooting of a cinematographer on the set of the western film Rust. Baldwin has vowed to fight the two counts against him, with his lawyer calling the case a “terrible miscarriage of justice”. A live round killed Halyna
Rishi Sunak will reshuffle his cabinet this morning with Nadhim Zahawi set to be replaced as Conservative Party chair after he was sacked over his tax affairs, Sky News understands. The prime minister has been under pressure to pick the right candidate as he struggles to draw a line under ‘Tory sleaze’ allegations – despite
Skywatchers have been treated to the spectacular sight of Mars disappearing behind the moon. The event, which astronomers call an occultation, happened last night and was visible from parts of the US, northwestern South America, the Caribbean, and Mexico. Similar to a lunar eclipse, when the Earth is positioned perfectly between the moon and the
Corporate insolvencies have reached their highest level since the aftermath of the great financial crisis, official figures show. There were 22,109 insolvencies in 2022, the highest figure since 2009 and an increase of 57% from 2021, when 14,059 businesses went bust. Businesses are reeling from the end of the pandemic support packages, which provided a
Arriving in Haiti’s capital, Port-au-Prince, the sheer scale of the poverty takes your breath away. The streets are teeming with people but everywhere is shrouded in acrid smoke from piles of burning rubbish. From the hills above Port-au-Prince, the city at times disappears in a fog of polluted air. Wherever you walk people ask for
A “potentially key” witness to the disappearance of dog walker Nicola Bulley has been found and is now being spoken to by Lancashire Police, officers have revealed. The force had put an appeal out for the man to come forward earlier on Tuesday. He was described as about 70-years-old, and is believed to have been
Shop prices have yet to reach their peak – despite record highs seen in January, it has been warned. Prices are now 8% higher than they were last January, up from 7.3% in December and above the three-month average of 7.5%, according to the British Retail Consortium (BRC)-NielsenIQ Shop Price Index. Overall food inflation rose
Sleep: don’t get enough and you feel rubbish, get too much and you feel rubbish. But what about when you can’t even get to sleep? You get into bed at a reasonable hour with all good intentions, only to spend the next 45 minutes scrolling Instagram reels or TikToks with one eye doing all the
A voice technology company which uses artificial intelligence (AI) to generate realistic speech says it will introduce extra safeguards after its free tool was used to generate celebrity voices reading highly inappropriate statements. ElevenLabs released a so-called voice cloning suite earlier this month. It allows users to upload clips of someone speaking, which are used
When British actress Andrea Riseborough’s name was read out as one of this year’s five Academy Award nominees for best actress, it came as something of a surprise to many. Not because her performance in To Leslie – a small indie film in which she plays a single mother who turns to alcoholism after winning
Downing Street has insisted that the UK’s economy is strong despite the International Monetary Fund’s warning that Britain’s economy will go into reverse this year and will fare worse than all other advanced nations. In its latest World Economic Outlook update, the IMF downgraded its UK gross domestic product (GDP) forecast once again, predicting a
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