Business

Elon Musk will head to Downing Street for talks with Rishi Sunak today following the prime minister’s AI safety summit. The billionaire owner of SpaceX and Tesla jetted in for the event at Bletchley Park, which began on Wednesday with attending countries backing an agreement on the need to manage risks posed by the technology.
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There has been a “significant increase” in the number of people using Buy Now Pay Later options to purchase items, with those frequently using the service more likely to be in financial difficulty, the finance regulator has said. Roughly 14 million people, 27% of UK adults, used Buy Now Pay Later (BNPL) to purchase something
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Around 680 staff have been made redundant at window and door manufacturer and seller Safestyle. The business had gone into administration and the GMB union had expected up to 600 job losses. But on Monday, administrators Interpath Advisory were appointed and said the number was around 680 workers. Staff were unexpectedly texted to “down tools”
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The private equity investor that owns Footasylum is in pole position to buy The Body Shop, the ethical cosmetics chain founded by Dame Anita Roddick and her husband Gordon nearly 50 years ago. Sky News has learnt that Aurelius Group is in exclusive negotiations to buy the British-based chain, which was put up for sale
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ASOS, the London-listed online fashion retailer, is exploring a sale of the TopShop brand it bought from the wreckage of Sir Philip Green’s collapsed retail empire less than three years ago. Sky News has learnt that ASOS, which will publish its delayed full-year results next week, is at the early stages of a process that
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The cap on bankers’ bonuses is to be abolished, the financial services regulatory body has announced.  From 31 October, EU rules that limit bonus payments to twice a banker’s salary will be removed, the Prudential Regulatory Authority (PRA) said. The policy change was initially announced by former chancellor Kwasi Kwarteng in the infamous September mini-budget
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