Sky News could be sold off to Disney early in bid to push through sale of Sky to US media giant

Sky News could be sold off to Walt Disney or ringfenced under concessions put forward by Rupert Murdoch's 21st Century Fox, as part of the corporation's efforts to seize full control of the broadcaster Sky.
Fox, which is attempting to buy the 61 per cent of Sky it does not already own, faces a number of regulatory hurdles after the UK's competition watchdog found the £11.7bn deal was not in the public interest.
It has proposed either a legal separation and comprehensive ringfencing of Sky News or a sale of the loss-making channel to Walt Disney, which is itself attempting to acquire 21st Century Fox.
Business news: in pictures 9 show all Business news: in pictures 1/9 Amazon's new Seattle headquarters mimics a greenhouse, with 40,000 different plants aimed at boosting workers productivity
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2/9 Trinity Mirror, which owns the Daily Mirror, is set to incorporate the parent company of the Daily Express, Sunday Express and the Daily Star. Trinity Mirror stat..

Asian Markets Fall Modestly, Unburdened by Big Names in Tech

Asian Markets Fall Modestly, Unburdened by Big Names in Tech Photo A stock board in Tokyo on Tuesday. Markets in Asia were down less than 1 percent by midday after a sharper drop the day before in New York. Credit Eugene Hoshiko/Associated Press HONG KONG — Asian markets fell on Tuesday after a tough day on Wall Street but were spared the full extent of the pain felt in the United States, thanks in part to a dearth of big technology names that trade in the region.
Market Snapshot View Full Overview Markets in Asia were down less than 1 percent by midday after a sharper drop the day before in New York, suggesting that Wall Street’s painful Monday would not turn into a global rout. Underlining that point, futures that track major United States stock indexes were modestly higher in Asian trading on Tuesday, meaning that many investors see a better day coming.
For the most part, global markets are responding to the same signals. Investors around the world have been unnerved by the prospec..

Jeweler to the Stars Flees as India Seethes Over Bank Fraud

Jeweler to the Stars Flees as India Seethes Over Bank Fraud NEW DELHI — Nirav Modi brightened Kate Winslet’s earlobes and made Taraji P. Henson’s collarbone glitter.
A jeweler to the stars, Mr. Modi attained wealth and fame at home in India in a few short years. He socialized with British royalty and rubbed elbows with Donald Trump Jr. He opened an opulent outlet on Madison Avenue in New York. In January, he met with Narendra Modi, India’s prime minister and no relation, at the annual gathering of the world’s elite in Davos, Switzerland.
Photo Clockwise from top left: Taraji P. Henson at the Oscars in 2017, Naomi Watts at the jeweler’s boutique opening in New York in 2015, Kate Winslet at the Oscars in 2016 and Rosie Huntington-Whiteley at a Nirav Modi dinner in London. Credit From upper left: Jordan Strauss/Invision, via Associated Press; Jamie McCarthy, via Getty Images; Jordan Strauss, via Invision, via Associated Press; David M. Benett, via Getty Images for Nirav Modi Today, he is..

2 Founders of $32 Million Centra Virtual Currency Project Are Arrested

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2 Founders of $32 Million Centra Virtual Currency Project Are Arrested

SAN FRANCISCO — Federal authorities have arrested two founders of a virtual currency that raised $32 million from investors last year and won an endorsement from the boxer Floyd Mayweather.
The co-founders of the Centra virtual currency, Sam Sharma and Robert Farkas, were arrested on Sunday, a day before the Securities and Exchange Commission released a complaint against the men and announced that it was halting the project.
Centra raised $32 million last summer and fall in a so-called initial coin offering, a method of fund-raising in which companies sell custom virtual currencies. The Centra team said at the time that the Centra token would give investors access to a new virtual currency exchange and a virtual currency debit card that would operate on the Visa and Mastercard networks.
The S.E.C. said in its complaint that the Centra team had never received approval from Visa and Ma..

To Trump, It’s the ‘Amazon Washington Post.’ To Its Editor, That’s Baloney.

Supported by Media To Trump, It’s the ‘Amazon Washington Post.’ To Its Editor, That’s Baloney. Photo Jeff Bezos, the chief executive of Amazon, bought The Washington Post in 2013, but Amazon itself has no role in the ownership of the newspaper. Credit Justin T. Gellerson for The New York Times Amazon does not own The Washington Post. President Trump, however — impervious to certain facts and armed with a Twitter account — has tried hard to convince the public otherwise.
On more than one occasion, the president has called the newspaper the “Amazon Washington Post.” He has also accused it of being used as a “scam” to keep Amazon’s taxes low. And on Twitter over the weekend, he escalated his attack, declaring the “Fake Washington Post” a “lobbyist” for Amazon and demanding that it “REGISTER.”
Jeff Bezos, the founder and chief executive of Amazon, bought The Post for $250 million in 2013. Under his ownership, the paper has flourished. Buoyed by new resources, it has added more than 20..