Business

Trump tariffs to knock growth but won’t cause global recession, says IMF

Inflation will rise in some countries as a result of the trade policies, the IMF boss said ahead of its spring meeting.
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IMF managing director Kristalina Georgieva. Pic: Reuters

Predators eye bargain deal for struggling discount retailer Poundland

The owner of Bensons for Beds is among a number of bidders preparing to table offers for the value retail chain in the next few weeks, Sky News learns.
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A Poundland shop. Pic: iStock

Sainsbury’s profits top £1bn after closing all cafes and cutting 3,000 jobs

The supermarket chain warned of static profits in the coming year due to a price war, which could bring prices down for shoppers.
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Chief executive of Sainsbury's Simon Roberts poses inside a Sainsbury’s supermarket in Richmond. Pic: Reuters

US markets fall as AI chipmakers mourn new restrictions on China exports

The US commerce department said it was “committed to acting on the president's directive to safeguard our national and economic security”.
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Pic: AP

Explainer
Explainer
The products you aren’t allowed to bring into Britain from the EU under new rules

The new restrictions have been brought in after cases of foot-and-mouth in Europe. There are currently no reported cases of the disease in the UK.
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Chorizo on display at a market stall. Pic: iStock

Post Office auditor EY under investigation by accounting regulator FRC

The Post Office Horizon IT Inquiry did not include the role or knowledge of external auditors in its scope.
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The Post Office Horizon IT Inquiry ran for two-and-a-half years

German Doner Kebab eyes stake sale to private equity firm True

The fast-growing chain of kebab shops, which will open its 150th UK outlet next month, is in advanced talks to sell a major stake at “a stellar valuation”, Sky News learns.
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German Doner Kebab's first restaurant was opened in Berlin in 1989. Pic: GDK

How to get a better mobile deal – from the £8 rule to best perks

Our Money team has joined forces with consumer champion Which? to produce this guide to getting a good deal on your mobile phone contract.
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Pic: iStock

Skin cancer detection firm lands £15m to fund growth plans

An AI company whose technology is being rolled out across NHS trusts in the fight against skin cancer has landed a capital injection from one of the world's most prominent financiers, Sky News learns.
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Pic: Skin Analytics

Money problem: ‘I paid a builder £500 and they ghosted me’

A reader got in touch about a tradesperson who has left her £500 out of pocket.
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Pic: iStock