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The Latest Breaking News from FT

UK drops guarantees from £400m of Greensill loans to Gupta-linked firms

State-owned British Business Bank makes decision after investigation of lending practices

The Guardian - UK

Sudarat takes aim at fuel tariff hike

The Thai Sang Thai Party's (TST) chief strategist says she is against plans to raise the fuel tariff (FT), saying it will drive a surge in household power bills.

Bangkok Post

Inside Celsius: how one of crypto’s biggest lenders ground to a halt

Former employees and internal documents suggest a reckless pursuit of high returns put the company in a poor position to ride out this year’s market turbulence

Financial Times

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SMEs call for suspension of planned fuel tariff increase

The Federation of Thai SMEs is asking the government to delay an increase in the fuel tariff (Ft) scheduled for September as they struggle to stay afloat amid mounting economic problems.

Bangkok Post

Rishi Sunak proposed holding indyref2 after Brexit, unearthed comments reveal

*We are resharing this piece from our archives as Rishi Sunak looks set to be the next PM. First published July 13, 2022*

The National (Scotland)

Uber paid academics six-figure sums for research to feed to the media

High-profile professors in Europe and the US were engaged as part of lobbying campaign, leak shows

The Guardian - UK

Meta Remains Adamant On NFT Push In Contrast With Google, Apple To Secure Its Metaverse Ambitions

Meta Platforms, Inc (NASDAQ:META) pushed ahead with plans to launch access to digital collectibles to its 3 billion users amid the crypto meltdown, the Financial Times reports. Meta would in no way adjust its plans around so-called non-fungible tokens, said new fintech head Stephane Kasriel in an interview with FT. The efforts are…

Benzinga

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Read Alibaba's Role In Shanghai's Recent Infamous Police Database Hack As China Struggles To Censor Breach News

China has rapidly censored news of the alleged hacking of a Shanghai police database, potentially compromising the personal data of more than one billion people, the Financial Times reports.&nbs

Benzinga

Sunday with Ardal O’Hanlon: ‘I often don’t get out of my tennis gear’

The comedian tells Roz Lewis about his love of crosswords, newspapers, vegetables and Better Call Sau

The Guardian - UK

Electricity bills to surge as power tariff hits all-time high

Thais face pricier electricity bills, with the power tariff increasing to a record high of 4.4 baht per kilowatt-hour (unit) between September and December, says the Energy Regulatory Commission (ERC).

Bangkok Post

Covid Regulations, China's Crackdown On Alibaba And Others Are Taking Toll On Its Tech Workers - Read How

Chinese tech workers are facing a tough time landing a job that is coming after a significant pay cut, the Financial Times reports.

Benzinga

‘I kept a hammer under the bed’ - one journalist’s 6-year battle with Wirecard

Journalist Dan McCrum’s life was turned upside down on a trip to Caffe Nero by Mansion House tube in 2014.

Evening Standard

BP Purchases 40% Stake In Green Hydrogen Project In Australia

BP plc (NYSE:BP) is acquiring the largest stake in a vast solar, wind, and green hydrogen project in Western Australia that will cost more than $30 billion to develop, reported Financial Times. The energy company stated that it has agreed to buy 40.5% of the Asian Renewable Energy Hub, which it will…

Benzinga

Franklin Universal Trust: Dividend Insights

Wednesday marks the last chance for investors to receive the next dividend payout from Franklin Universal Trust (NYSE:FT).

Benzinga

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Evening Standard

What is the Northern Ireland Protocol? US warns against scraping trade deal

A new bill to override parts of the protocol comes after months of negotiations with the EU ended in stalemate

Daily Record

Rishi Sunak blamed for wasting £11bn of taxpayer cash servicing government debt

The institute's director, Professor Jagjit Chadha, said that Rishi Sunak's actions had left the country with "an enormous bill and heavy continuing exposure to interest rate risk".

Daily Mirror

Rishi Sunak accused of wasting £11bn of taxpayer cash in 'jaw-dropping' debt interest row

The Tory Chancellor was accused of failing to get insurance against interest rates rising on £900bn of reserves. Downing Street said the claims were 'simply not true'

The Independent UK

Sunak accused of squandering £11bn in debt interest payments

The National Institute of Economic and Social Research said the Chancellor failed to insure against the risk of rising interest rates.

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The Independent UK

TikTok senior executive steps back after saying he ‘didn’t believe’ companies should offer maternity leave

TikTok executive is under investigation over comments about maternity leave

Daily Mirror

Ryanair accused of racial discrimination for testing passengers to prove passports are real

Passengers claim they were refused access to Irish budget airline Ryanair after it handed out questionnaires in Afrikaans, one of 11 official languages spoken in South Africa

Irish Mirror

Boris Johnson no-confidence vote: What the UK papers are saying

British Prime Minister Boris Johnson has been left clinging on to power after he narrowly won a brutal Tory no-confidence vote in his leadership

Tribune News Service

Oil reverses losses as OPEC+ agrees on supply increase plan

Oil reversed losses to trade near $116 as OPEC+ ministers agreed to boost supply increases by around 50%, after prices dropped on reports U.S. President Joe Biden is likely to visit Saudi Arabia this month and that the kingdom is ready to pump more crude.

Daily Mirror

Vote of no confidence in Boris Johnson inching closer as almost 30 Tory MPs hit out

There has been a slow drip-drip of MPs submitting no confidence letters since the Sue Gray report, prompting speculation that a vote may be a question of when, not if

The Guardian - UK

FT’s How To Spend It magazine rebrands as big spenders go out of style

Newspaper says possible definitions of renamed HTSI include ‘how to save it’ as cost of living crisis bites

Birmingham Post

Hedge fund of Blackpool FC owner Simon Sadler 'cut off' by Bank of America and Citigroup over trading concerns

Mr Sadler set up Segantii Capital Management in 2007

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