Another chilly and rather grey day across much of the UK. Outbreaks of light rain and drizzle possible, with a band of more persistent rain arriving across northwest Scotland later. Hill fog will lead to murky conditions in places. Tonight:
Friday’s front pages lead with various domestic and international stories. There is ongoing coverage of the latest across the Middle East as G7 nations prepare to hold a virtual meeting on Friday to discuss the fast-moving developments. For Syrians, many have taken to the streets in celebration, marking the end of the Assad regime.
Amid ongoing war in the Middle East and Europe, as well as the return of Donald Trump to world politics, several front pages lead with stories regarding NATO. European members of the alliance are holding talks about increasing the spending target to 3% of GDP. There is also a warning from the new head of NATO, Mark Rutte, that European members need to spend more on defence.
A little closer to home, Prince Andrew has found himself on the front pages again, this time regarding a close confidant to the Duke who has reportedly been banished from Britain over claims he is a Chinese spy.
A handful of tabloids continue to cover the tragic death of 10-year-old Sara Sharif.
The Guardian leads with a report that funerals are now being carried out in Syria for the victims of the Assad regime. The paper says thousands took to the streets of Damasus for the funeral of Mazen al-Hamadah.
The paper notes that the streets have been filled with people celebrating but Syrians are also now starting the search for the country’s missing people. The paper says as many as 130,000 people may be “lost forever.”
The Independent leads with an exclusive interview with Muawiyah Syasneh – the man who sparked the civil war in Syria. At the age of 16, his anti-Assad graffiti on a school wall led to his arrest, sparking protests that ended in civil war. Now he speaks to the paper about the years-long war and the role he plans to have in ending it.
The FT leads with reports that European NATO members are to meet to discuss increasing the defence spending target from 2% of GDP to 3%. The paper quotes a German official as saying the move would send a “good signal” to Donald Trump – who believes NATO’s European members should pay more towards their defence.
The i newspaper picks up on comments from former chief of the navy, Admiral Lord West, and former Defence Secretary Ben Wallace, who are calling on the UK to also push towards a 3% target by the end of the decade. PM Starmer favours a lower 2.5% target, the paper adds.
The Times leads with reports that Prince Andrew has been linked to an alleged Chinese spy. The paper says the man became so close to Andrew that he was invited to his birthday party and even “authorised to act on [his] behalf to seek investors in China”. It also quotes a letter to him from one of the prince’s advisers saying: “You sit at the very top of a tree that many, many people would like to be on.”
The Telegraph says the Home Office has barred the man from the UK after MI5 concluded he had engaged in “covert and deceptive activity” on behalf of the Chinese Communist Party and was a national security threat. The paper says that the man – known as H6 – challenged the decision but that a special immigration commission has now ruled it was justified.
The Daily Mail also leads on the story by saying the “close confidant” to Andrew has been “banished from Britain” over claims he’s a spy. The paper says court documents have revealed that the man was barred from the country on “security grounds” following an investigation by MI5.
Syria is witnessing mass celebrations as citizens gather to mark the end of five decades of rule by the Assad regime. Images from Damascus show large crowds assembling for the
After 17 years as European Union members, Romania and Bulgaria will officially join the EU’s border-free Schengen travel zone on January 1, 2025. The decision allows citizens from both countries
Israeli airstrikes in Gaza have killed at least 35 Palestinians, including 12 individuals guarding aid trucks, according to medics and Gaza’s Hamas-run Civil Defence authority. The guards were reportedly protecting
Sean “Diddy” Combs faces new allegations of rape and sexual assault, as three men have filed separate lawsuits in New York Supreme Court. The lawsuits, submitted Thursday, allege incidents between
President Joe Biden has issued pardons to 39 Americans convicted of non-violent crimes and commuted the sentences of nearly 1,500 others, marking the most acts of presidential clemency in a
President Emmanuel Macron will reveal his choice for France’s next prime minister on Friday, the Elysée Palace confirmed, as the country grapples with months of political instability.
Bundesbank slashes growth forecast and sounds alarm over trade war
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Despite the “doom and gloom” narrative and post-Budget fears looming over the UK’s start-up ecosystem, the country still holds its ground at the forefront of global innovation.
At least that is the view of Ashish Patel, managing director at Houlihan Lokey’s Capital Market Group, who says that a rise of international investment into UK start-ups this year is indeed a sign of good fortune.
While referencing the success of “landmark deals” across a variety of sectors this year, including AI firm Wayve’s $1bn (£787m) raise for self-driving cars, biotech start-up Nuclera’s $75m (£59m) for protein discoveries, and fintech Monzo’s additional raise of $430m (£338m), Patel’s argument becomes clear.
“Following the global investment declines of 2022, investment in UK-based businesses is picking up,” Patel says.
https://www.cityam.com/uk-start-ups-punch-above-their-weight-and-its-being-noticed-worldwide/
Business optimism fell at its fastest pace in over three years following October’s Budget, a new survey shows.
BDO’s latest business trends survey, which collects and regroups data from the UK’s main business surveys, showed that corporate confidence fell to its lowest level since January 2023.
The optimism index dropped 5.8 points to 93.49 in November, which was the largest monthly fall since August 2021.
The drop in confidence reflects the anticipated effect of the Budget, as businesses brace for the impact of the national insurance hike and the increase to the minimum wage from April next year.
Business confidence drops at fastest pace for over three years
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