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Some of the biggest US technology companies have pledged billions of pounds of investment to turbocharge Britain's artificial intelligence (AI) industry, as the two countries announce a landmark technology deal.

The NHS will increase the amount it spends on medicines in response to criticism from pharmaceutical companies that the UK is becoming uncompetitive, science minister Lord Vallance has told MPs.

There are "no discussions around taxpayers' money" to prop up Jaguar Land Rover's (JLR) suppliers, according to the prime minister's official spokesman, as the carmaker grapples with a lengthening production shutdown following last month's cyber attack.

The state pension is likely to rise by 4.7% in April, after the latest official figures showed this was the pace of wage growth.

Sky News has launched a free Money newsletter - bringing the kind of content you enjoy in the Money blog directly to your inbox.

The price of matcha has surged, with sales of the powdered tea up by 86% in the US, according to new research.

The ventures arm of Channel 4, the state-owned broadcaster, is taking a stake in a new digital health company which aims to help tackle the growing scourge of chronic allergies in the UK.

Google is set to invest £5bn in the UK in the next two years, to support growing demands for AI services.

Sky is to cut roughly 600 tech jobs as a consultation involving 900 people begins.

The boss of Aldermore Bank, one of Britain's biggest challenger lenders, is leaving to run Fairstone Group, a privately owned wealth management and mortgage provider.