HSBC’s group chief executive Noel Quinn is unexpectedly retiring after nearly five years in the role. Europe’s largest bank says it is in the process of finding a successor for 63-year-old Mr Quinn, who will stay in the role until a new chief executive is named. HSBC is considering candidates …

Chinese car giant BYD has seen profits fall as it is hit by slowing demand for electric vehicles (EV) and a price war in the world’s largest car market. The firm said it made $630m (£502m) in the first three months of the year, more than 47% lower than the …

Female migrants, especially, are sending money home to cover unseen expenses. In Ms Ogba’s own monthly remittances from the US to Nigeria, she prioritises her parents’ healthcare, her cousin’s education, and communal obligations like funeral expenses. On top of this are contributions for home renovations. Source link

He told BBC Breakfast his “bigger worry” was how the physical checks would work in practice. “These products are already checked in Holland. From an industry point of view the communication has really been lacking. “At the moment Defra (the government department) is saying they are going to use [a] …

Thomas Plantenga, Vinted’s chief executive, said second-hand fashion remained a “tiny” proportion of the market but that the firm was in a strong position. As well as expanding into new markets, including Denmark, Finland and Romania, Vinted had also accelerated the development of its delivery service Vinted Go, he said. …

A new rewards platform backed by some of Britain’s most prominent retailers and technology figures will be unveiled on Tuesday with a promise to aid consumers’ fight against what it calls an online ‘stealth tax’. Sky News has learnt that ChaChing, which will launch in the UK this week before …

An HSBC-backed technology company which was in talks to raise funding at a valuation of over £1bn four years ago will this week confirm a plan to break itself up amid mounting losses. Sky News has learnt that Norris Koppel, the founder and chief executive of Monese, is to take …

A US road safety agency is investigating Ford’s BlueCruise driver assistance system following two fatal collisions. The National Highway Traffic Safety Administration (NHTSA) wrote, external in both cases Ford Mustang Mach-E cars collided with stationary vehicles at night, while the system was engaged. BlueCruise is a driver assistance technology that …

Mr Ives said the company faces “massive domestic electric vehicle competition in China along with softer demand”, but that its “long-term valuation story” depends on it also getting approval for fully autonomous driving. The current reported go-ahead allows it to sell parts of its autonomous driving technology in China, such …

The interest rate on a fixed mortgage does not change until the deal expires, usually after two or five years, and a new one is chosen to replace it. Doing nothing would leave people on a variable rate, which is very expensive. About 1.6 million existing borrowers have relatively cheap …

The machines were made by the company’s US subsidiary Philips Respironics. Users reportedly complained of black particles and dust appearing inside their masks. More than five million machines were ultimately recalled worldwide. In January this year, the US Food and Drug Administration said it had received 116,000 reports of problems, …

Getir added that it sees the biggest potential for long-term growth in its home market of Turkey. Since its entry into the UK in 2021, Getir had grown to become a multi-billion pound food delivery firm in just a few years. With its distinctive purple and yellow logo, the company, …

One of the government officials caught up in the Partygate scandal which engulfed Boris Johnson’s premiership is playing a key role in negotiating the future of The Daily Telegraph. Sky News can reveal that former deputy cabinet secretary Helen MacNamara is among the advisors to RedBird IMI, the Abu Dhabi-backed …

Ian King discusses profit warnings as nearly one in five UK listed companies have issued one in the last year. He’s also talking about the average cost of comprehensive motor insurance as it’s risen by a third over the past year. And a mental health clinic which specialises in the …

The price of bread, biscuits and beer could be at risk of rising as a result of months of wet weather in the UK, a report has suggested. Harvests of crops including wheat, barley and oats may fall by more than 17% this year compared to 2023. The Energy & …

Getir, the grocery delivery app, has abandoned a European expansion that is set to result in the loss of around 1,500 jobs in the UK. Sky News had previously revealed that the Turkey-based company, which means ‘to bring’ in Turkish, had successfully raised money from investors to fund its withdrawals …

The cost of bread, biscuits and beer could increase this year due to the impact of the unusually wet autumn and winter on UK harvests. Research suggests that production of wheat, oats, barley and oilseed rape could drop by four million tonnes (17.5%) compared with 2023. The wet weather has …

Strikes at Heathrow Airport are taking place over the next few weeks, with the first one already under way. Staff at the UK’s biggest airport are set to walk out during the early bank holiday in May, with their union warning planes could be “delayed, disrupted and grounded”. Here’s what …

A unit of Sony, the giant Japanese conglomerate, is investing millions of pounds in a British insurance start-up which has amassed more than 200,000 customers. Sky News understands that Urban Jungle will announce this week that it has raised $14m (£?m) from existing investors including Sony Innovation Fund. The funding …

The average price paid for comprehensive motor insurance rose 1% in the first quarter of the year, according to industry data indicating an easing in the steep rises seen last year. The latest tracker issued by the Association of British Insurers (ABI) showed a 1% increase on the previous three …