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How Saudi Arabias spending spree reached the end of the line
“The thinking now is to basically get small wins, small successes here and there, instead of these mega projects,” says Abdullah. “Like, for example, the Red Sea island resort of Sindalah could be one small win that they can promote, which is basically a very traditional style of resort, which can still be presented as…
British Gas boss says energy bills rise inescapable if prices stay high
The discussion of ways to mitigate any energy price rises came after the government’s cost-of-living tzar, Lord Walker, who is also chief executive of supermarket chain Iceland, suggested in the Sunday Times that energy companies and petrol stations should have their profits temporarily capped as oil prices jump.
US denies visas to ex-EU commissioner and others over social media rules
The US State Department said it would deny visas to five people, including a former EU commissioner, for seeking to “coerce” American social media platforms into suppressing viewpoints they oppose. “These radical activists and weaponized NGOs have advanced censorship crackdowns by foreign states – in each case targeting American speakers and American companies,” Secretary of…
ITV in talks to sell television business to Sky
Faarea MasudBusiness reporter Getty Images ITV has said it is in “preliminary” discussions to sell its television business to Sky for £1.6bn. The talks focus on ITV’s Media and Entertainment division, which include its TV channels as well as its streaming service, ITV X. The discussions with Sky, which is owned by US-based Comcast, come…
