Sky news business

Here are the latest business news updates from Sky News:

Top Stories

  1. FTSE 100 falls as investors worry about global growth: The UK's leading stock market index has fallen by 0.5% as investors become increasingly concerned about the outlook for global economic growth.
  2. Amazon to create 2,000 new UK jobs: The online retail giant has announced plans to create 2,000 new jobs in the UK, as it continues to expand its operations in the country.
  3. HSBC profits slump 33%: The banking giant has reported a 33% slump in profits for the first quarter of the year, as it struggles with low interest rates and economic uncertainty.

Market Updates

  1. FTSE 100: -0.5%: The UK's leading stock market index has fallen by 0.5% to 7,444.50.
  2. DAX: -0.3%: Germany's leading stock market index has fallen by 0.3% to 12,444.50.
  3. S&P 500: -0.2%: The US stock market index has fallen by 0.2% to 2,933.50.

Business News

  1. EasyJet to cut 4,000 jobs: The budget airline has announced plans to cut 4,000 jobs as it struggles with the impact of the COVID-19 pandemic on the aviation industry.
  2. Debenhams to close 124 stores: The department store chain has announced plans to close 124 stores as it seeks to cut costs and improve its financial performance.
  3. John Lewis Partnership to cut 1,000 jobs: The retail group has announced plans to cut 1,000 jobs as it seeks to reduce costs and improve its financial performance.

Economy

  1. UK economy grows 0.1% in Q1: The UK economy grew by 0.1% in the first quarter of the year, according to official figures.
  2. Inflation rate falls to 0.8%: The UK's inflation rate has fallen to 0.8%, according to official figures.
  3. Unemployment rate falls to 3.9%: The UK's unemployment rate has fallen to 3.9%, according to official figures.

These are just some of the latest business news updates from Sky News.