Apple has warned it is seeking alternative memory chip suppliers as “very significant” constraints threaten future sales of its key devices. Source link

Share prices jumped in South Korea on Friday, partly reversing a three-day rout that wiped hundreds of billions of dollars off the value of the country’s stock market. The benchmark Kospi index was almost 17% higher in afternoon trading, driven by chip makers SK Hynix and Samsung Electronics. It came …

AI tools may have not yet proven to be a consumer tech revolution on the scale of the internet or even electricity, external, as many tech executives have promised for years. But there is still huge demand from people for new technology. Google said last week that 950 million people …

US tech company Anthropic says three of its artificial intelligence (AI) models broke out of isolated test environments and hacked into the systems of three other firms during a cybersecurity exercise. It comes just days after rival OpenAI said that its models had breached the systems of other companies, including …

Apple spooked Wall Street on Thursday by warning it expected a “significant” hit from growing supply constraints for its most popular products. Shares in the company fell in after-hours trading by more than 7%, even as it showed a 16% increase in revenue to $109b (£81b) thanks in part to …

Water companies have performance commitments on issues such as leakage. It is illegal to release raw sewage into rivers and seas during “normal” weather conditions, but firms are allowed to do so when it rains heavily, to prevent homes being flooded. Thames is the UK’s largest water company, supplying water …

Two of the High Speed 2 (HS2) railway’s most significant private sector deals have been renegotiated, the government will announce on Friday, as it tries to demonstrate that Britain’s biggest infrastructure white elephant is finally under control. Sky News has learnt that the Department for Transport (DfT) will say that …

A British Airways flight issued a “mayday” distress call on its approach to Heathrow Airport earlier this month, according to a statement from France’s accident investigation authority. The call was made on an Airbus A320 flying from Dusseldorf airport in Germany on 6 July following two stall warnings on the …

The financier who backed the takeover of Newcastle United Football Club alongside Saudi Arabia’s sovereign wealth fund is in talks to buy a minority stake in West Ham United, the newly relegated Championship club. Sky News understands that Amanda Staveley is plotting to acquire part or all of the 25.1% …

Jaguar Land Rover (JLR) plans to cut hundreds of jobs, less than a year after a cyber attack brought production to a halt for more than a month. In a statement, the firm said: “Impacted colleagues will be supported to find alternative roles wherever possible, alongside the option of voluntary …

Growth in the US slowed in the three months to June, according to official figures. The Commerce Department said the US economy grew at an annual rate of 1.5% in the second quarter, down from 2.1% seen in the first three months of the year. It comes as the world’s …

I realise the World Cup is over and, more to the point, no-one particularly wants to hear any more about the Argentinian football team, but indulge me for a moment Because casting your mind back to one of the most dramatic of all World Cup meetings between England and Argentina …

The president of the Indonesian football association has vowed to vote in support of FIFA president Gianni Infantino’s controversial plan to sell a multibillion dollar stake in the World Cup’s commercial rights, even as global opposition to the proposals gathers momentum. Sky News has spoken to Erick Thohir, owner of …

The owner of Poundland has tabled an offer for Harvey Nichols as the owner of the Knightsbridge-based department store chain nears a decision about its future. Sky News has learnt that Gordon Brothers, the investment firm which has owned some of Britain’s best-known retailers, including Laura Ashley, lodged a bid …

Shell has revealed a 70% lift in half-year profits to $16.75bn (£12.6bn), prompting a long-standing critic to claim they were “running out of words to describe the obscenity” of the numbers. The oil and gas major said the effects of the US-Iran war helped drive its best quarterly performance in …

Bosses should not rely so heavily on virtual job interviews when hiring as they don’t capture candidates’ personality and passion, Andy Burnham has said. “One thing I really don’t like is this culture now of interviewing via Zoom or Teams,” the prime minister told a careers podcast, adding: “How does …

Shell’s profits for the second quarter of the year have more than doubled after the Iran war pushed up oil prices. The oil giant’s profits for the April-to-June period reached $9.84bn (£7.37bn) – up from $4.26bn at the same point last year. The price of oil has soared since the …

Established car manufacturers are being forced to discount heavily in the face of cheap competition from China, the head of the UK’s industry lobby group has admitted. Mike Hawes, the chief executive of the Society of Motor Manufacturers and Traders (SMMT), said in a briefing it was one reason behind …

Nowhere is that exposure felt more sharply than in Germany, the EU’s biggest manufacturer, producing more than a quarter of the block’s industrial output. At InfraLeuna, a vast chemicals and plastics industrial park in central Germany, boss Christof Guenther has watched his site’s annual gas bill climb from €60m ($68m; …

US President Donald Trump said on Wednesday that his administration is considering asserting more power over artificial intelligence (AI) tools after recent cybersecurity incidents. Asked about OpenAI’s tools being responsible for improperly breaching the private technology of other companies, Trump said: “We’re looking at AI, we’re looking at controls, we’re …