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California leads lawsuit to block Paramount Warner Bros mega merger
Posted onA dozen US states have joined together to block the $110bn (£85bn) merger between Warner Bros. and Paramount, claiming the largest media consolidation in Hollywood history would stifle competition and raise consumer prices. A lawsuit has been filed by 12 states, led by California, where Paramount and Warner Bros keep their headquarters and production studios….
Pubs to get support package after business rates backlash
Posted onPubs and music venues in England will be given a 15% discount on their business rates bills from April and will not see increases for two years, the government announced. Treasury Minister Dan Tomlinson said the three-year package was worth £1,650 for the average pub. It comes after a backlash against November’s Budget, which left…
Strongbow and Jägermeister pull ads after watchdog probe
Posted onEmer MoreauBusiness reporter Al Nash Comedian Al Nash made the sponsored post about Strongbow cider Strongbow and Jägermeister have withdrawn social media ads after the advertising watchdog ruled against the way the brands presented their alcoholic drinks. The Advertising Standards Authority (ASA) said two Jägermeister adverts implied that alcohol was “a key component of social…
Trump plan to cap credit card costs hits bank shares
Posted onShares in banks and credit card firms have fallen after US President Donald Trump called for credit card costs to be capped. On Friday, Trump wrote on Truth Social that interest rates on cards should be limited to 10% for one year from 20 January. He did not specify how such a cap might be…
China’s economic growth slows as trade tensions with US flare up
Posted onOsmond ChiaBusiness reporter Getty Images The 4.8% growth in the third quarter marked a slowdown from 5.2% in the three months to July China’s economic growth slowed in the three months to the end of September as problems in the property market persisted and trade tensions with the US flared up. The world’s second-largest economy…
GPS jamming: The invisible battle in the Middle East
Posted onHundreds and hundreds of ships. But they’re all in the wrong place. “Oh my goodness,” says Michelle Wiese Bockmann, senior maritime intelligence analyst at Windward, a maritime AI company, as she checks the live positions broadcast by commercial vessels in waters off Iran, the United Arab Emirates and Qatar.
