IMF Warns Investors Over 'Rock-Bottom Rates'

By Ed Conway, Economics Editor, in Washington DC Investors are becoming dangerously reliant on rock-bottom interest rates, with many becoming so indebted they will face serious problems when borrowing costs rise, the International Monetary Fund...

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IMF Sees UK Growth Remaining Fastest In G7

By Ed Conway, Economics Editor, In Washington DC The International Monetary Fund (IMF) has raised its forecast for Britain's economic growth more than any other major economy for the third time in a row, in a boost to the Chancellor's fortunes....

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Car Insurance 'Drops To A Four-Year Low'

Car insurance premiums are at a four-year low, a new study has claimed. It comes after a record 19% drop in the cost last year, according to Confused.com's car insurance price index. The study, in association with Towers Watson, said the average comprehensive...

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'Stay Off The Internet' To Avoid Major Web Bug

Hackers may have been intercepting web passwords and browsing history for the past two years because of a bug in widely used web encryption technology. Analysts say the Heartbleed bug is one of the most serious discovered in recent years because the...

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Sports Direct Slips As Ashley Sells Stake

Shares in Mike Ashley's Sports Direct took a big tumble on the FTSE 100 on Tuesday after he sold a block of shares worth more than £200m. It emerged late on Monday that the tycoon had offloaded 25 million shares just days after shareholders blocked...

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Metro Bank Founder Goes Digital With Atom

By Mark Kleinman, City Editor The founder of Metro Bank is switching his attention from high street to digital banking with secret plans for the launch of a new national retail and business lender. Sky News can exclusively reveal that Anthony Thomson,...

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Wonga Advertisement Banned By Watchdog ASA

A television advertisement for payday loan firm Wonga has been banned by the advertising watchdog. The Advertising Standards Authority (ASA) ruled that it led to confusion about interest rates charged by the firm. The ASA received 31 complaints about...

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Hard Disk Pioneer Wins €1m Technology Prize

A physicist whose discovery led to the era of small high-capacity disk drives and cloud computing has won a major technology award and a €1m (£824,000) prize. Professor Stuart Parkin, who is originally from Watford, was awarded the Millennium Technology...

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20,000 Next Staff To Share Boss's £4m Bonus

By Mark Kleinman, City Editor 20,000 employees at Next, the clothing retailer, will share a £4m bonus being gifted to them by Lord Wolfson, its chief executive. Sky News has learnt that the Conservative Peer has decided to hand out his award to...

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Toyota In Global Recall Of 6 Million Vehicles

Toyota has issued a global recall of millions of vehicles because of safety issues. The Japanese company said the announcement covers three issues affecting RAV4, Hilux, Yaris and Urban Cruiser models. A total of 35,124 UK-registered vehicles are affected...

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