China Solar Panel Firm 'In Bond Default'

China has suffered what has been called its first corporate bond default, as the government tries to make its financial system more market-orientated. A Shanghai-based manufacturer of solar panels paid only part of the 90 million yuan (£9m) in interest...

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US Jobs Up As Part-Time Work Hits New Record

The number of new jobs in the United States accelerated in February, as the number of part-time workers in the month reached an all-time high. The rise of 175,000 jobs helped ease fears of an economic slowdown. The dollar rose sharply on the news and...

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TV Licence Dodgers May Not Be Prosecuted

TV licence dodgers may no longer face prosecution in the courts under new plans being considered by the Government. Justice Secretary Chris Grayling says "serious work" on the plan is under way, with more than 100 cross-party MPs in support. "The...

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'Bitcoin Founder' Denies Role Amid Tax Threat

A man tracked down to a modest suburban home in California has denied being the founder of Bitcoin, following a media report naming him. Newsweek claimed a 64-year-old Japanese-American physicist was the mysterious 'Satoshi Nakamoto' behind the virtual...

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Coastal Areas Bid For £64m Storm Relief Fund

By Becky Johnson, North of England Correspondent Coastal communities affected by flooding will be able to bid for a share of a £64m fund. The Government has said projects to strengthen flood defences will be prioritised. The fund was originally...

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Birmingham City Owner Carson Yeung Jailed

The owner of Birmingham City football club, Carson Yeung, has been sentenced to six years in jail for money laundering. Judge Douglas Yau handed down the sentence in a Hong Kong court after convicting the 54-year-old of five charges linked to the laundering...

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Lloyds Commits To Credit Unions Amid Pay Row

By Mark Kleinman, City Editor The taxpayer-backed Lloyds Banking Group will make a series of pledges on Wednesday aimed at combating financial exclusion, even as the industry runs headlong into another pay row. Sky News understands that Lloyds...

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Standard Chartered To Slash Chief's Bonus

By Mark Kleinman, City Editor Standard Chartered, the emerging markets bank, will reveal on Wednesday that it is slashing its bonus pool and its boss's payout as it bids to stave off the kind of row with investors that has hit rivals such as Barclays....

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China Goes For Green Amid Slower Growth

China has moved to reduce the pace of investment to the slowest in a decade, as it seeks a more sustainable and 'greener' expansion programme. Leaders of the world's second biggest economy have given the strongest hint of reversing the goal of greater...

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Holidaymakers Warned Over Online Scams

By Tadhg Enright, Sky News Correspondent Police have warned holidaymakers to be wary of online booking scams after £7m was stolen by fraudsters last year. A total of 4,500 cases of booking fraud were reported to police in 2013, with almost a third...

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Childcare 'Costs Families More Than Mortgage'

Families are paying more on average for childcare than they spend on their mortgage, a new report says. According to the Family and Childcare Trust study, parents are spending more than £7,500 a year on childcare for two children - around 4.7% more...

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Hotel Prices Soar At Top World Destinations

A survey has highlighted steep price increases in many of the world's top holiday destinations, though England football fans may have reason to cheer. The study, by hotels.com, found that despite a general strengthening of the pound against many local...

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Virgin Money Backs Doubling Of Bank Bonuses

By Mark Kleinman, City Editor Sir Richard Branson's banking arm will this week become the latest of Britain's high street lenders to say that it is supporting the payment of higher bonuses under new European rules. Sky News has learnt that Virgin...

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Ukraine Crisis: Investors In Flight From Risk

World stock markets have fallen while the Russian Rouble has hit its lowest ever level against the dollar as the crisis in Ukraine unfolds. Investors are worried by the diplomatic stand-off between the West and Russia over President Vladimir Putin's...

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Birmingham Owner Guilty Of Money Laundering

The owner of Birmingham City Football Club, Carson Yeung, has been convicted of money laundering charges in his native Hong Kong. The 54-year old barber-turned-businessman had resigned from the parent company that owns the Championship side last month...

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Mt Gox Bitcoin Exchange Files For Bankruptcy

One of the world's largest bitcoin exchanges has filed for bankruptcy protection as it admitted hackers may have stolen all of its digital currency. Mt Gox has revealed 850,000 bitcoins worth about $480m (£286m) are unaccounted for following cyber attacks...

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Floods Fund: £2m To Support Tourism Firms

Tourism businesses affected by the recent flooding are to get a £2m boost from the Government. Culture Secretary Maria Miller says the money will fund experts who will visit affected areas and offer practical advice to tourism firms such as how to access...

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EU Pay Cap Triggers Pay Rise For Lloyds Boss

By Mark Kleinman, City Editor The chief executive of Lloyds Banking Group is being lined up for a salary increase that could see his fixed pay almost double as it tackles new remuneration rules imposed by Brussels. Sky News has learnt that Lloyds,...

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