A trio of property giants has lodged a protest against a radical financial restructuring that will see Cineworld imposing steep rent cuts on its landlords. Sky News has learnt that British Land, Landsec and Legal & General Investment Management all voted against the cinema operator’s restructuring plan this week. Cineworld has confirmed plans to close
0 Comments
A former member of the Harrods management team has told how Mohamed al Fayed would “cherry pick” women from the shop floor. Speaking to Sky News anonymously, the woman described the billionaire, who died last year aged 94, as “demonic” and said he “controlled everything with fear”. Lawyers representing 37 alleged victims of sexual abuse
0 Comments
Alakh Pandey (R), CEO of Physics Wallah, along with the company’s co-founder Prateek Maheshwari (L). Physics Wallah Indian education technology startup Physics Wallah announced on Friday that it had raised $210 million as it looks to expand its business, in part via acquisitions, amid troubles in the sector. The funding, led by Hornbill Capital, and
0 Comments
Associated Press Sep 19, 2024, 02:35 PM ET Open Extended Reactions FREEHOLD, N.J. — Freehold Raceway, the oldest horse racing track in the United States, is shutting down at the end of the year. Track officials made the announcement on Thursday after a meeting with employees. Horse racing has been conducted at the half-mile track
0 Comments
Combinations showing Entrepreneur Elon Musk (L) and Brazil Supreme Court Justice Alexandre de Moraes (R) Reuters (L) | Getty Images (R) Elon Musk’s X faces steep daily fines in Brazil for allegedly evading a ban on the service there, according to a statement from the country’s supreme court on Thursday. The fines, imposed by Brazil’s
0 Comments
Post Office campaigner Sir Alan Bates has blamed government “flimflam artists” for dragging out financial redress for victims. In a newsletter, seen by Sky News, he criticises the GLO (Group Litigation Order) scheme for being a “gravy train” for government lawyers, He adds it is “seemingly to ensure maximum income for the lawyers and minimal
0 Comments
Hezbollah’s leader has accused Israel of carrying out “massacres” with pager and walkie-talkie explosions, saying it wanted to kill “5,000 people in two minutes”. Lebanon has blamed Israel for the blasts on Tuesday and Wednesday which have killed 37 and injured thousands. Hezbollah leader Hassan Nasrallah said the “unprecedented” explosions “could be called a declaration
0 Comments
Chandrayaan-4 mission has received approval from the Union Cabinet, led by Prime Minister Narendra Modi, on Wednesday. This marks another significant milestone in India’s lunar exploration efforts. Unlike previous missions, Chandrayaan-4 will not only aim for a successful landing on the Moon but will also focus on returning to Earth. This mission will demonstrate critical
0 Comments
Sir Keir Starmer has come under scrutiny over the past week for the more than £100,000-worth of gifts he has accepted. It started with controversy over his wife’s clothes and has escalated since Sky News’ Westminster Accounts project revealed he has been gifted more freebies and hospitality than any other MP since 2019 – a
0 Comments
Kia is growing in China as most foreign automakers are rapidly losing market share. Foreign automakers like Toyota, Volkswagen, and GM are struggling to keep up with aggressive price cuts and an influx of new competition. After launching its new low-cost electric SUV, the EV5, Kia is already seeing the results, as brand sales in China topped
0 Comments