Author: News Desk

HS2 services to Manchester may run slower than normal trains The Guardian says Journeys from London to Manchester that use the new HS2 line as far as Birmingham could run slower as they continue north than existing services, and with less capacity, rail experts have warned. And in a blow to Rishi Sunak’s plan to spend the money saved by scrapping HS2 north of Birmingham on other transport projects, the Observer has seen invoices suggesting the government will have to spend more than £1bn on work relating to the part of the line now terminated. There is now concern among…

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Sam Bankman-Fried was not surprised by $8bn FTX shortfall, key witness says The Guardian says Sam Bankman-Fried was not surprised to discover a huge $8bn shortfall in the days before the collapse of FTX, his now bankrupt cryptocurrency exchange, according to testimony from his former business partner. The testimony came from Gary Wang, the co-founder of FTX, during his second day on the witness stand in Bankman-Fried’s fraud trial. Bankman-Fried is facing seven counts of conspiracy and fraud over the dramatic collapse of FTX and its associated hedge fund, Alameda Research. Wang, who started Alameda with Bankman-Fried in 2017 and…

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‘A party for all businesses’: how Labour is courting industry The Guardian says The Labour Party conference has not always been a hot ticket for company bosses. This year, after events in Manchester rounding off a chaotic period for business relations with the Conservatives, things are different. As the party descends on Liverpool’s Albert Dock for its annual get-together this weekend, insiders say so many companies are clamouring to attend that many will not get in. Labour’s “business day” – at a conference the Financial Times is jokingly referring to as the “Liverpool Davos” – has twice as many firms…

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Simone Biles crowned all-around world champion for a record sixth time The Guardian says In the two years since Simone Biles returned home from the Olympics mentally and physically empty, it has taken everything for her to make it back to the top. She first had to withdraw from her sport in order to heal, with many hours spent in therapy. Since her return, she has thrown herself back in like never before. It is a result of that hard work, commitment and mental strength, as well as her unparalleled talent, that Biles is once again, officially, the best gymnast…

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‘We need to win the league’: City aim to end Chelsea’s WSL dominance The Guardian says For Gareth Taylor, the definition of success has narrowed. “It means winning the WSL this season,” says Manchester City’s manager. “We need to win the league. We’ve looked at it and we feel we can achieve it.” After last season’s fourth-place finish, Taylor is on a mission to end Chelsea’s run of four successive Women’s Super League titles, with that project’s feasibility facing an early stress test when Emma Hayes’s formidable team visit what they now call the Joie Stadium on Sunday. City are…

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