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Government borrowing costs jump on reports of Reeves dropping income tax rise
Reuters UK government borrowing costs have risen in reaction to reports the chancellor will not increase income tax in the upcoming Budget. The interest rate on 10-year government bonds, known as the yield, jumped to 5.56% from 5.44%, indicating the cost to government if it chose to borrow over this length of time. The jump…
Trump says $72bn Netflix-Warner Bros deal could be a problem
US President Donald Trump has flagged potential concerns over Netflix’s planned $72bn (£54bn) deal to buy Warner Brothers Discovery’s movie studio and popular HBO streaming networks. At an event in Washington DC on Sunday, he said Netflix has a “big market share” and the firms’ combined size “could be a problem”. On Friday, the two…
Paramount launches rival bid for Warner Bros Discovery
Natalie ShermanBusiness reporter Warner Brothers Discovery Warner Brothers Discovery is owner of HBO, known for shows like Sex and the City Paramount Skydance has made another offer to buy Warner Bros Discovery as it seeks to trump a rival plan from Netflix to buy the company’s studio and streaming networks. Paramount, which is backed by…
Can Japan get more female business leaders?
Phoebe AmorosoBusiness reporter, Tokyo AFP via Getty Images Some hope that the election of Japan’s first female prime minister will open doors for other women In October Japan got its first female prime minister, Sanae Takaichi. Her rise has been hailed as a ground-breaking moment for Japanese women, but some fear that her conservative politics…
UK growth slower than expected in third quarter
Growth in the UK economy slowed by more than expected to 0.1% in the July-to-September period, official figures show, as car production slumped. The figure was below the 0.2% predicted by analysts, and is a blow to Chancellor Rachel Reeves less than two weeks ahead of the Budget in which she is widely expected to…
