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hello, i m with your top business stories. should one of britain s most influential newspapers be owned by the abu dhabi royal family? that s a question the uk government has been grappling with since the 169 year old daily telegraph agreed to a major investment from a uae backed firm late last year. redbird imi is backed by shekih mansour bin zayed al nahyan who also owns manchester city football club. the deal has been put on hold until later this month while uk media regulators examine it. but the man leading the bid, the former boss of cnn jeff zucker, has dismissed concerns about editorial interference by the gulf government at the telegraph and its sister magazine the spectator. speaking exclusively to our business editor simonjack, he said the deal will provide much needed investment in uk journalism. we think it is a two terrific brands that have been under invested in for a long time and is a great opportunity to export these brands, to invest in these bran ....
and virtual passport to paradise: why a remote pacific island nation is offering digital citizenship to people around the world. so, let s get down to business. we start here in the uk, where companies are begging the chancellorjeremy hunt to provide more support for business when he announces his budget next week. as it stands, firms face a sharp rise in corporation tax at the end of the month, just as government help with energy bills is scaled back and tax breaks on investment are phased out. on wednesday, the british chambers of commerce warned the uk risks falling behind its competitors if firms aren t given more help. the uk is the only g7 economy yet to recover to pre pandemic levels, and the bcc predicts that won t happen until the end of next year. our business editor simonjack reports. 450 a50 acres, 350 businesses, thousands of employees, this estate is one of the largest in europe and hosts a huge cross section of the businesses that government wants and needs to ....
mischievous asia s richest man hits back against us traders who raised doubts about his finances, wiping $10 billion off his companies share prices. and never too late to influence why brands are seeking out older people to push their products hello. we start here in the uk, where in a few hours time the government s finance chief chancellor of the exchequerjeremy hunt will announce plans to boost the economy and tackle the country s poor productivity. central to those plans, freeing the city of london s giant insurance firms from eu rules on how much cash they have to keep in reserve. they say it could release 100 billion pounds to invest in things like clean energy and infrastructure. mr hunt will also warn against an attitude of declinism amid accusations from business that post brexit uk is in danger of getting left behind in an increasingly competitive world economy. the future looks very uncertain because you have that ira, the 350 billion dollars been spe ....
week for big tech. plus a pre halloween treat as the us economy returns to growth. but inflation s still a nightmare for president biden with midterm elections looming. we start with the world s richest man: billionaire boss of tesla space entrepreneur and now the new owner of twitter. elon musk has now closed his $41; billion takeover of the social media giant ahead of a 5pm deadline set by a us court. and he has moved quickly to sack the company s senior management. it brings to an end a six month long and often bad tempered takeover battle that has raised some big questions about the future of the company. from san francisco here s our technology correspondent james clayton. when elon musk had an offer to buy a twitter accepted in april, he could barely conceal his excitement. but that initial enthusiasm soon began to wane. tech stocks were plummeting and many wondered whether he d paid too much for twitter. mr musk also claimed that twitter was filled with ....