Political News
Government to block UAE bid for Telegraph with foreign ownership ban
The government is set to announce a ban on foreign governments owning newspapers and magazines in the UK, it emerged on Wednesday, effectively halting the Abu Dhabi-led takeover bid of the Daily and Sunday Telegraph.
Biden to face Trump as Nicky Haley pulls from US electoral race
The race for the US presidency looked set to be a repeat of the 2024 contest between incumbent Joe Biden and the man he defeated, Donald Trump, after the last Republican candidate Nikki Haley ended her challenge and pointedly refused to endorse the controversial businessman.
Tories lose two by-elections as Sunak insists tax cuts still viable
Britain's embattled ruling Conservative Party had two safe seats ripped from their grasp in by-election defeats overnight, a day after the country entered recession, with Prime Minister Rishi Sunak doubling down on his claims that he still had scope to offer tax cuts.
Train drivers extend strike mandate for another six months
Train drivers at five major railway companies, including Chiltern, c2c, East Midlands, Northern, and TransPennine railways, have extended their strike action for another six months, trade union Aslef announced on Wednesday.
Royal Mail could cut deliveries to three per week - Ofcom
Ofcom has called for an overhaul of the UK’s postal service, including potentially cutting deliveries to just three days a week.
US, UK launch airstrikes against Houthi rebels in Yemen
America and Britain have launched strikes against targets connected to Houthi militants in Yemen in retaliation for attacks on commercial shipping in the Red Sea, US President Joe Biden said early Friday.
Amazon fails to offer remedies to EU concerns over iRobot acquisition
Shares in iRobot plunged overnight on Wednesday, after Amazon failed to provide solutions to address concerns raised by EU competition regulators regarding its $1. 4bn acquisition of the US domestic robotics giant.
EU to look at Microsoft-OpenAI investment as part of market probe
The European Commission announced two calls for contributions on Tuesday, focusing on competition within virtual worlds and generative artificial intelligence (AI), particularly Microsoft’s investment in ChatGPT developer OpenAI.
Sunak sees election 'in second half of 2024'
UK Prime Minister Rishi Sunak said he expects a general election to take place in the second half of next year after weeks of speculation that he would call an early poll in May.
UK spring Budget set for March 6, fuelling election speculation
Britain's spring budget statement will be delivered on March 6, the Treasury announced on Wednesday, amid suggestions the government may axe inheritance tax in an attempt to narrow a large opinion poll deficit ahead of a General Election which must be called by January 2025.
Rail fares to rise by 4.9pc in March
Rail fare increases are set to rise by 4. 9% from early next year, after the Department for Transport announced another cap on ticket price rises.
Sunday share tips: Nichols and Gattaca
The Times’ Lucy Tobin has said that investors should consider investing in AIM-listed soft drinks group Nichols, on the back of its emerging-markets potential.
G7 agrees to ban Russian diamonds - report
The G7 group of wealthy nations has agreed to ban imports of Russian diamonds, it was reported on Wednesday.
Nissan to build electric cars in UK - reports
Japan’s Nissan has committed to building electric versions of two of its best-selling cars in Sunderland, it was reported on Thursday, securing the future of one of the UK’s largest factories.
Chancellor pledges '110 measures' to grow economy
The Chancellor has announced a raft of measures intended to boost business investment and grow the economy, including cutting business taxes and National Insurance.
Rishi Sunak announces plans to cut taxes
Prime minister Rishi Sunak announced his intention to reduce taxes on Monday, after claiming success for his promise to halve inflation by the end of the year ahead of Wednesday’s autumn statement.
Retail and hospitality groups call on government to freeze rates
Retail and hospitality groups have called on the Chancellor to freeze business rates, warning on Thursday that inaction could prove "disastrous" for the UK’s high streets.
Cordiant Digital wins nationwide tender for Polskie Radio
Digital infrastructure investor Cordiant Digital Infrastructure revealed on Wednesday that its Polish portfolio company has won a nationwide tender to extend digital broadcast coverage to 17 regional radio stations for Polskie Radio.
Government reverses decision to close rail ticket offices
The government has reversed its decision to close most ticket offices at train stations across England, it was revealed on Tuesday, citing a failure to meet the “high threshold of serving passengers”.
US close: Markets tread water ahead of non-farm payrolls
US stocks finished flat to slightly lower on Thursday as investors chose to tread cautiously ahead of the much-anticipated non-farm payrolls report.