GSK Admits China Corruption Claims 'Shameful'

By Mark Stone, Asia Correspondent Chinese police have released further details of what they claim is a massive programme of bribery by GlaxoSmithKline (GSK) in China. According to a police official in Beijing, the British drugs manufacturer has...

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Warm Weather Gives High Street A Boost

Glorious Sun: Heatwave Here To Stay Updated: 11:13pm UK, Sunday 14 July 2013 Parts of the UK remain on heatwave alert, as the hot weather shows no sign of letting up. Following the hottest day of the year on Saturday, Sunday was another scorcher with...

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Welfare Cap Of £500-A-Week Comes Into Force

A £500-a-week cap on the total amount of benefits that households can receive is being rolled out across England, Scotland and Wales from today. The cap applies to couples and lone parents aged between 16 and 64, while a £350 limit applies to single...

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Company Directors 'To Face New Scrutiny'

Fraudulent or negligent directors could be forced to compensate creditors, under new plans expected to be outlined by the Business Secretary. Vince Cable will announce proposals to boost transparency and trust in British business in a speech to the...

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India Shuts Telegram Service After 162 Years

Thousands of Indians have crammed into telegram offices to send souvenir messages, in a last-minute rush before the service was shut down after 162 years. Sunday night at 10pm was the last point at which messages were accepted by the world's last major...

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ABI Chief Hingley In Running For Top UKFI Job

By Mark Kleinman, City Editor One of the City's veteran investment bankers is among a pack of candidates vying to lead the Government's sale of its £35bn stakes in two giant state-backed lenders. Sky News has learnt that Robert Hingley has been...

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Spotify: Radiohead's Thom Yorke Slams Site

The frontman of Radiohead has taken action against music streaming service Spotify over its payments to new artistes. Thom Yorke revealed he has pulled his solo songs, along with those of his alternative group Atoms For Peace, from the service. He...

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China Growth Slows In The Second Quarter

By Mark Stone, Asia Correspondent China's economy slowed in the second quarter of 2013 to 7.5% according to data released by the Chinese government. The first quarter of 2013 saw economic growth at a level of 7.7%. The latest figure means growth...

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Broker Oriel Eyes Merger Amid Weak Trading

By Mark Kleinman, City Editor Oriel Securities, one of the most prominent names in the City's broking sector, is casting around for a merger partner amid continuing pressure on industry revenues. Sky News understands that Oriel, which is led by...

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New London Airport Shortlist Revealed

By Enda Brady, Sky News Correspondent Boris Johnson has unveiled a shortlist of three locations on which a new London airport will be built. He put forward his outer Thames Estuary, artificial island plan - dubbed "Boris Island" - for a new four-runway...

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