Welby Defends Wonga After Church Link Emerges

The Archbishop of Canterbury has insisted he was not picking on Wonga after it emerged the Church of England invests in the payday loan firm. The Most Reverend Justin Welby admitted being "irritated" and "embarrassed" by the revelation but went on to...

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Royal Baby: George Gives UK Business Boost

By Emma Birchley, Sky News Correspondent The UK's newest Prince might be less than a week old but he is already proving to be a trendsetter as aspiring parents race to keep up with the Cambridges. Sales of Britax Baby Safe seats have trebled at...

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Wonga Ad Delivers Riposte To Archbishop

By Mark Kleinman, City Editor The payday lending group Wonga will on Friday attempt to begin changing public perceptions of its business model following a vow by the Archbishop of Canterbury to "compete it out of existence". Sky News has seen a...

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Equitable Life Victims' Compensation At Risk

More than 200,000 victims of the collapse of Equitable Life may miss out on compensation payments because of failings in a Government scheme, a scathing report by MPs has warned. The House of Commons Public Accounts Committee accused the Treasury of...

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Economy On Mend As Higher Growth Is Forecast

By Poppy Trowbridge, Business and Economics Correspondent The UK economy is expected to have picked up sharply in the second quarter of the year, when official figures are published later. An expected rise of around 0.6% in gross domestic product...

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Wonga War: Church Wants To End Payday Lenders

Payday lender Wonga is facing a fight for survival after the Archbishop of Canterbury insisted he wants to "compete" it out of existence. The Most Rev Justin Welby wants to force it out of business by expanding the Church of England's credit union plans....

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China In Ban On 'Glitzy' Official Buildings

Chinese authorities have ordered a five-year suspension of the construction of new official buildings, state media reported. It is the latest move by President Xi Jinping to crack down on extravagance and pervasive corruption that blights the world's...

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Apple: Sales Slump Sees Profits Fall By $2bn

Apple's profits have fallen by almost $2bn (£1.3bn) year-on-year as sales of iPads and Macs tailed-off. The US technology firm sold 14.6 million iPads during the quarter, compared with 17 million in the same period last year. It sold 3.8 million...

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GSK Admits China Execs Flouted Law Over Drugs

GlaxoSmithKline (GSK) has said that some of its executives in China appeared to have broken the law as part of a major bribery scandal that has ensnared the UK pharmaceutical firm. The news comes as rival UK drugmaker AstraZeneca has confirmed to Sky...

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McDonald's Results: Warning Over 'Tough Year'

Fast-food giant McDonald's has seen its second-quarter profit fall below forecasts amid a warning of a tough year ahead. The world's biggest hamburger chain also said July sales are expected to be flat. The company, based in Oak Brook, Illinois, said...

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Economy Figures Set To Show 'Positive Growth'

By Tadhg Enright, Business Reporter Economists are predicting good news when the first estimate of economic growth during April, May and June is revealed next week. Analysts expect the Office for National Statistics to say that the economy grew...

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London Mayor Eyes Chinese Funds For Airport

By Mark Kleinman, City Editor State funds from China and South Korea are preparing to deliver a major boost to Boris Johnson by committing billions of pounds to the construction of a new London hub airport. Sky News can reveal that advisers to...

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OECD Warns Of 'Double-Tax Chaos' For Firms

By Ed Conway, Economics Editor The OECD has raised the prospect of a global tax war, with companies caught having to pay double the levels of previous years, unless countries agree to a new international deal on corporate tax avoidance. In a landmark...

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Economy Figures To Show 'Positive Growth'

By Tadhg Enright, Business Reporter Economists are predicting good news when the first estimate of economic growth during April, May and June is revealed next week. Analysts expect the Office for National Statistics to say that the economy grew...

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