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Daily Telegraph: RedBird Capital pulls out of deal to buy newspaper
Posted onUS investment group RedBird Capital has pulled out of a deal to buy the Daily and Sunday Telegraph for £500m. RedBird had a previous attempt to buy the Telegraph rebuffed by politicians as it was majority-funded by Abu Dhabi’s IMI group – which is owned in turn by the Abu Dhabi royal family. A law…
Trump launches $1m gold card immigration visas
Posted onPresident Donald Trump has launched a scheme offering fast-tracked US visas to wealthy foreigners who can pay at least $1m (£750,000). The card will give buyers a “direct path to Citizenship for all qualified and vetted people. SO EXCITING! Our Great American Companies can finally keep their invaluable Talent,” Trump said on social media on…
Planning approvals for new homes at record low, figures show
Posted onDaniel Wainwright and Harriet AgerholmData Journalists, BBC Verify Getty Images The figures strike a blow to the government’s promise to deliver 1.5 million homes by the next election. The number of planning approvals for new homes in England is unacceptable, the new housing secretary has said, after official data showed permission for building homes fell…
Minister defends pragmatic U-turn on workers rights
Posted onPaul SeddonPolitical reporter PA Media The education secretary has defended Labour’s U-turn over offering all workers the right to claim unfair dismissal from their first day in a job. Instead, ministers now plan to reduce the qualifying period from the current two years to six months, in line with a deal agreed by some unions…
Oil prices jump after Trump says Iranian ship seized
Posted on“Oil markets continue to gyrate in response to oscillating social media posts by the US and Iran, rather than the realities on the ground which remain challenging for oil flows to resume in a rapid fashion”, analyst Saul Kavonic from financial services firm MST Marquee told the BBC.
