US markets fall as AI chipmakers mourn restrictions on China exports

US markets fall as AI chipmakers mourn restrictions on China exports

US stock markets suffered more significant losses on Wednesday, with stocks in leading AI chipmakers slumping after firms said new restrictions on exports to China would cost them billions.Nvidia fell 6.87% - and was at one point down 10% - after revealing it would now need a US government licence to sell its H20 chip.Rival chipmaker AMD slumped 7.35% after it predicted a $800m (£604m) charge due to its MI308 also needing a licence.Dutch firm ASML, which makes hardware essential […]

16/04/2025

What you can’t now bring into Britain from EU under new rules

People arriving in Britain from the EU and other European countries are no longer allowed to bring in a range of meat and dairy products - including cheese.It is part of a move by the UK government to try and stop the spread of foot-and-mouth disease from abroad.The new rules, introduced on Saturday 12 April, mean travellers face restrictions on meat from pigs, cows, sheep and goats, as well as dairy items such as milk, butter, cheese and yoghurt.They also […]

16/04/2025

German Doner Kebab eyes stake sale to private equity firm True

A serial investor in consumer and retail businesses is in talks to buy a big stake in the German Doner Kebab (GDK) chain as it seeks to promote itself as a day-round destination for hungry diners.Sky News has learnt that True, which has backed companies including the energy drinks manufacturer Sneak and Ray Studios, a tattoo removal specialist, is proposing to make the investment at what casual dining industry sources described as a "stellar valuation".GDK is currently part of Hero […]

16/04/2025 1

Haggle your way to £100 off, the £8 rule and who has the best perks: How to get a better mobile deal

Small mobile network providers have outclassed the big four in a survey of more than 4,000 customers - especially when it comes to value for money.EE, O2, Three and Vodafone, all of whom are charging annual price rises, were outshone by the likes of Smarty, Voxi and Talkmobile in customer scores collected by Which?.Read all the latest Money news hereWith that in mind, our Money team joined forces with the consumer champion to produce a guide to getting a good […]

16/04/2025 1

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

A British health technology company which uses AI to conduct skin cancer tests within five minutes has landed £15m in a funding round led by a leading global financier.Sky News has learnt that Skin Analytics, whose Derm device has been shown to diagnose the disease with a 99.9% accuracy rate, will this week announce the closing of its Series B fundraising.Skin Analytics, whose partnership with London's Chelsea and Westminster Hospital was branded a world first, plans to use its injection […]

16/04/2025 1

White House looking at trade deals from more than 15 countries

The White House is looking at trade deals drafted by more than 15 countries, its press secretary has said.Speaking to reporters on Tuesday, White House press secretary Karoline Leavitt said some deals with countries will be announced "very soon".It comes after US vice president JD Vance said he believes the UK will get a "great agreement" because of the president's affection for the country.Last week Donald Trump delayed imposing varying tariffs on the entire world by 90 days after global […]

15/04/2025

Playtech to name former DAZN exec Gleasure as next chairman

A former executive at DAZN, the sports streaming platform, is to be appointed this week as the next chairman of Playtech, the London-listed gambling technology group.Sky News has learnt that Playtech will announce on Wednesday that John Gleasure, who was also a co-founder of the digital sports media group Perform, is to succeed Brian Mattingley in the role.In accepting the Playtech chairmanship, Mr Gleasure will inherit a position which has repeatedly been at the centre of fractious corporate governance challenges.Mr […]

15/04/2025 1

Inflation continues to fall but expect a rebound next month

Inflation fell more than expected and for the second month in a row, official figures show. The consumer price index (CPI) measure of inflation fell to 2.6% in March, down from 2.8% in February and 3% in January, according to Office for National Statistics (ONS) data.It means prices are rising at the slowest pace since December and closest to the Bank of England's 2% target. The rate is also lower than expected by economists polled by Reuters, who anticipated inflation of […]

15/04/2025

Financier Truell prints new offer in battle for banknote firm De La Rue

The City financier Edi Truell has tabled a fresh proposal to buy De La Rue, the Bank of England's currency printer, fuelling hopes of a broader bidding war for the 211-year-old company.Sky News has learnt that Mr Truell's vehicle, Pension SuperFund Capital, wrote to the board of De La Rue on Monday night to indicate its willingness to offer 132.17p-a-share for De La Rue.If formally confirmed, that would trump a recommended 130p-a-share offer from private equity firm Atlas Holdings disclosed […]

15/04/2025 2

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