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The Latest Breaking News from FT

Soaring power costs leave Slovakia economy at risk of collapse, PM tells FT

Slovakia's Prime Minister Eduard Heger said that soaring electricity costs had left the country's economy at risk of "collapse", the Financial Times reported on Wednesday.

Reuters

Asian Bloodbath Continues: Alibaba, XPeng Shed 2%, Yuan Hits Weakest Levels Since 2008

Hong Kong shares opened lower on Wednesday, with the benchmark Hang Seng slipping 2.5%, taking cues from the S&P 500 which fell deeper into the bear territory after hitting a near two-year low. The Chinese yuan hit its lowest level since 2008 and was trading at 7.2296 against the dollar…

Benzinga

Alibaba, JD, Nio Mixed: Hang Seng Muted As Investors Await Cues, Gloomy World Bank Forecast For China Weighs

Hong Kong stocks opened mixed on Tuesday, with the benchmark Hang Seng Index edging 0.05% lower and investors searching for cues, as global markets continued to bleed in the aftermath of the U.S. Federal Reserve’s aggressive rate hike and projections.

Benzinga

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Skate parks and shooting cabins: do the super-rich care nothing for their neighbours?

Let no one stand in the way of the property ambitions of Guy Ritchie and co

The Guardian - UK

Flood-hit Pakistan should suspend debt repayments, says UN paper

Pakistan's finance minister said on Friday the South Asian nation was seeking debt relief from bilateral creditors in the wake of devastating flooding but emphasised the government would not seek any relief from commercial banks or Eurobond creditor.

Reuters

Why ECMOHO Is Trading Lower By 29%; Here Are 28 Stocks Moving Premarket

Gainers Ampio Pharmaceuticals, Inc. (NYSE: AMPE) rose 17.8% to $0.0942 in pre-market trading after declining around 5% on Tuesday.

Benzinga

British PM promises at least $2.63bn for Ukraine war in 2023: FT

Liz Truss arrives in the US with ‘hawkish’ message of continued military support for Kyiv, the Financial Times reports.

Al Jazeera

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Jupiter Fund Management’s incoming CEO considers restructuring, say reports

Matthew Beesley sends an email to staff about an overhaul of the FTSE 250 company, says the FT

Evening Standard

Therese Coffey under fire for workplace guidance remarks

The Oxford comma is one of the linguistic devices that has always caused division and debate. Now, new Health Secretary Therese Coffey has come under fire after her office issued guidance telling workers to “be positive” and avoid using policy wonk “jargon”. The “Oxford comma” was referred to as one…

Evening Standard

Therese Coffey under fire after telling staff to stop using Oxford commas

Workers react angrily to email from office of new health secretary

The Independent UK

Kwarteng plan to lift cap on bankers’ bonuses infuriates unions

Unite leader deplores prospect of post-Brexit deregulation drive ‘when millions are struggling’

The Guardian - UK

Therese Coffey under fire for telling staff not to use Oxford comma

Workers have reacted angrily to an email from the office of the new health secretary.

The Independent UK

What is the Oxford Comma? Therese Coffey under fire for remarks

Ms Coffey has discussed her dislike of the Oxford comma on Twitter in the past, saying in 2015 it was one of her “pet hates”

Evening Standard

Therese Coffey under fire over instructions regarding Oxford comma

Workers have reacted angrily to an email from the office of the new health secretary.

The Independent UK

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Daily Mirror

Liz Truss draws up plans to SCRAP bankers' bonus cap in middle of cost of living crisis

Chancellor Kwasi Kwarteng, who was one of Liz Truss's first appointments when she became Prime Minister last week, is weighing up abolishing a cap that means bosses cannot award more than double an employee's salary

The Guardian - UK

Focus on growth not fiscal discipline, Kwasi Kwarteng tells Treasury

Chancellor suggests change of emphasis is needed after he sacked top civil servant whom he credited for tight control of spending

Financial Times

How Wall Street stormed the music business

Investors poured billions into buying rights, turning pop songs into a new asset class — but then the economy stalled

Reuters

EU's Sefcovic offers to reduce Northern Ireland border controls - FT

The European Union's Brexit chief Maros Sefcovic said he could reduce physical customs checks across the Irish Sea to just a few lorries a day, the Financial Times reported on Monday.

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news in one place.

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Daily Mirror

Boris Johnson 'to skip Tory conference and coin it in with speeches' after leaving as PM

The Prime Minister will fly to Balmoral tomorrow to give his resignation to the Queen - and reports have been swirling that he will make a packet in after-dinner speeches as a backbench MP

The Independent UK

Kwarteng insists Truss would be ‘fiscally responsible’ as PM as he seeks to reassure markets

Kwasi Kwarteng is tipped to be Britain’s next chancellor

The Independent UK

Truss’s pledges ‘to contribute to £60bn hole in UK budget’

Liz Truss’s tax cut and defence spending pledges, coupled with spiralling inflation and the growing cost of government debt, will create a £60bn hole in the public finances by 2026, according to calculations by the Financial Times.

Reuters

EU complicates travel rules for Russians but baulks at visa ban

EU foreign ministers on Wednesday decided to make it more expensive and lengthier for Russians to obtain visas to travel to the bloc but stopped short of agreeing to the EU-wide visa ban that Ukraine and several member states had called for.

The Guardian - UK

Felixstowe port disruption ‘could continue until Christmas’ says union – as it happened

Disruption at the UK’s largest container port could escalate until Christmas unless workers are given an improved pay offer, Unite boss says

Financial Times

How a 20-year-old student made $110mn riding the meme stock wave

Jake Freeman raised $27mn through Wyoming-based fund and bet it all on shares of Bed Bath & Beyond

Bangkok Post

Govt to subsidise electricity fuel component tariff

The government has decided to subsidise the fuel tariff (Ft) component of electricity bills for the three months September-December, when the cost is set to rise, government spokesman Thanakorn Wangboonkongchana said.

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