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Author: WTX Business Team
CITY AM – Hunt hints at tax cuts for UK businesses Hunt says his ‘priority is backing British business’ as he hints at tax cuts CITY AM SAYS Jeremy Hunt has hinted that the autumn statement may contain more tax cuts for businesses in a bid to fire up the UK’s economy. Just days ahead of Wednesday’s landmark fiscal event, the Chancellor, speaking on Times Radio, said that his “priority is backing British business” and…
The Financial Times reports that pressure is mounting on the board of OpenAI, the company behind ChatGPT, to reinstate Sam Altman as chief executive.
Reuters exclusively reported that social media researchers have canceled, suspended or changed more than 100 studies about X, formerly Twitter,
The post Elon Musk’s X restructuring curtails disinformation research, spurs legal fears appeared first on Reuters News Agency.
The Financial Times reports Chancellor Jeremy Hunt is looking at cutting business and inheritance taxes in the Autumn Statement in a move he hopes will reverse the Tory party’s tumbling poll ratings.
FTX founder Sam Bankman-Fried was found guilty on Thursday of stealing from customers.
Nvidia’s plans to develop PC chips using Arm technology that run Microsoft Windows as early as 2025.
The post Nvidia to make Arm-based PC chips in major new challenge to Intel appeared first on Reuters News Agency.
CITY AM SAYS Younger lawyers are asking to duck out of work on clients who clash with their ‘ethical’ standards, a new survey has revealed.
The Sterling currency dropped to its lowest level in almost two months yesterday, while British stocks and bonds gained strength.
The Financial Times reports Rishi Sunak has vowed to introduce emergency legislation to rescue the government’s plan to send asylum seekers to Rwanda.
The Financial Times reports on a jump in the US stock markets following a larger-than-expected fall in inflation.
New data shows a sharp fall in UK inflation, down to 4.6%. It’s the lowest rate since November 2021, the rate in September was 6.7%.
CITY AM SAYS Rishi Sunak’s reshuffle was his third attempt to relaunch the Conservative Party, and this time he’s also reheating David Cameron’s career, writes Will Cooling
The Financial Times leads on the big news from Monday’s cabinet reshuffle.
CITY AM SAYS Deputy Prime Minister Oliver Dowden has announced plans to streamline and enhance the business-friendliness of the UK’s investment screening powers, just under two years since their inception.
The Financial Times leads on the conflict in the Middle East, with officials in Washington warning Israel not to fire on hospitals in Gaza.
Ex-NatWest boss loses out on £7.6m payout after Farage row Dame Alison Rose will lose out on £7.6m after she admitted to discussing the closure of Nigel Farage’s bank account. The former NatWest boss will receive her £2.4m fixed pay package, but will not benefit from share awards and bonuses she had been previously entitled to. Dame Alison quit in July after she spoke about Farage’s Coutts bank account – Coutts is owned by Natwest. …
CITY AM – This is not just a dividend M&S reinstates dividend and CEO Stuart Machin promises he’s not done yet CITY AM SAYS Marks and Spencer (M&S) racked in hefty profits during the half year, as the firm’s reshaping programme continues to show signs of paying off. The Percy Pig maker posted profit before tax of £360.2m up nearly £100m on last figures of £205.5m. M&S also reported a 14.7 per cent rise in…
Elementor #561819November 9, 20231 Min Read Summary of the Top 6 headlines today Financial Times – SoftBank pays $1.5bn to WeWork’s banks days before bankruptcy filings The Financial Times says SoftBank was forced to wire $1.5bn to Goldman Sachs and other lenders just days before WeWork filed for bankruptcy, as the cost of one of the worst venture capital investments in history mounts for the Japanese group.The paper says the payment takes the total that SoftBank…
King’s Speech begins countdown to next UK general election The FT says King Charles III started the countdown to the next UK election on Tuesday, setting out 21 pieces of legislation that Prime Minister Rishi Sunak hopes to define his priorities and sharpen dividing lines with Labour. But many Tory MPs gave the package of bills in the King’s Speech a lukewarm reception, while Downing Street was forced to put the brakes on controversial plans…
Elementor #561513 November 8, 20231 Min Read Summary of the Top 6 headlines today Financial Times – Accounting watchdog scraps plans for full-scale overhaul of boardroom rules The Financial Times reports Britain’s accounting watchdog has abandoned most of its overhaul of boardroom rules, a move that it says protects competitiveness but which critics say marks the unravelling of long-promised corporate governance reforms. The paper says the scrapped plans include greater requirements for diversity reporting and…
House prices rise for first time in six months, says Halifax Halifax reports that house prices rose in October for the first time in six months, but it expects values to fall over the next year. Halifax – the UK’s largest mortgage lender – said prices rose 1.1% last month, taking the average property value to £281,974. But the rise is due to a lack of homes for sale and the demand from buyers remaining…
The Financial Times says former US President Donald Trump “turned a New York courtroom into a political theatre”.
At least one person suffered from a ‘minor oral injury’ from the metal, the US Department of Agriculture (USDA) said.
‘We are already cracking down on those who try to exploit the welfare system in a push to save the taxpayer £1.3bn in the next year.’