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How the new order of the Murdoch dynasty is playing out
Posted onKatie RazzallCulture and Media Editor BBC Listen to this article Christmas is a time when families get together if they can – and, until this year, the Murdochs were no different. With members of the media dynasty spread across the globe, full family gatherings were rare, although in 2008, according to biographer Michael Wolff, the…
Chip deal: Why the US is taking a cut from China sales
Posted onSuranjana Tewari Asia Business Correspondent in Singapore Getty Images Nvidia boss Jensen Huang has been lobbying the White House over China chip sales Unusual. Quid pro quo. Unprecedented. That is some of the reaction to news that two of the world’s tech giants will pay the US government 15% of their revenue from selling certain…
Sunak rejects claims Covid loan scheme open to excessive fraud
Posted onThe former chancellor Rishi Sunak has defended his pandemic-era Bounce Back Loan scheme against accusations that it was subject to excessive levels of fraud. He said he was aware of the risks, but given the need for speed, he would do the same again. Bounce back loans (BBLs) offered small businesses up to £50,000 with…
Highest government borrowing in September for five years
Posted onUK government borrowing in September hit the highest level for the month in five years, official figures show, highlighting the challenges facing the chancellor ahead of next month’s Budget. Borrowing – the difference between public spending and tax income – was £20.2bn in September, up £1.6bn from the same month last year, the Office for…
Learner drivers face 24-week wait as backlog continues for two more years
Posted onPritti MistryBusiness reporter Getty Images The backlog of driving tests grew after the covid-19 lockdown Learner drivers face months of delays booking practical tests because a backlog will not be cleared until November 2027, a watchdog has warned. The National Audit Office (NAO) said there was a backlog of 1.1 million tests that were not…
Donald Trumps Russian oil waiver offers little relief for India
Posted onUnlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world A US waiver allowing India to buy Russian oil that is already at sea will bring immediate but very limited relief to Indian refiners facing a supply shock in the Middle East, which…
