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The Latest Breaking News from FT

Rishi Sunak blamed for wasting £11bn of taxpayer cash servicing government debt

The institute's director, Professor Jagjit Chadha, said that Rishi Sunak's actions had left the country with "an enormous bill and heavy continuing exposure to interest rate risk".

Daily Record

Rishi Sunak accused of wasting £11bn of taxpayer cash in 'jaw-dropping' debt interest row

The Tory Chancellor was accused of failing to get insurance against interest rates rising on £900bn of reserves. Downing Street said the claims were 'simply not true'

Daily Mirror

Sunak accused of squandering £11bn in debt interest payments

The National Institute of Economic and Social Research said the Chancellor failed to insure against the risk of rising interest rates.

The Independent UK

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TikTok senior executive steps back after saying he ‘didn’t believe’ companies should offer maternity leave

TikTok executive is under investigation over comments about maternity leave

The Independent UK

Ryanair accused of racial discrimination for testing passengers to prove passports are real

Passengers claim they were refused access to Irish budget airline Ryanair after it handed out questionnaires in Afrikaans, one of 11 official languages spoken in South Africa

Daily Mirror

Boris Johnson no-confidence vote: What the UK papers are saying

British Prime Minister Boris Johnson has been left clinging on to power after he narrowly won a brutal Tory no-confidence vote in his leadership

Irish Mirror

Oil reverses losses as OPEC+ agrees on supply increase plan

Oil reversed losses to trade near $116 as OPEC+ ministers agreed to boost supply increases by around 50%, after prices dropped on reports U.S. President Joe Biden is likely to visit Saudi Arabia this month and that the kingdom is ready to pump more crude.

Tribune News Service

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Vote of no confidence in Boris Johnson inching closer as almost 30 Tory MPs hit out

There has been a slow drip-drip of MPs submitting no confidence letters since the Sue Gray report, prompting speculation that a vote may be a question of when, not if

Daily Mirror

FT’s How To Spend It magazine rebrands as big spenders go out of style

Newspaper says possible definitions of renamed HTSI include ‘how to save it’ as cost of living crisis bites

The Guardian - UK

Hedge fund of Blackpool FC owner Simon Sadler 'cut off' by Bank of America and Citigroup over trading concerns

Mr Sadler set up Segantii Capital Management in 2007

Birmingham Post

Prateek Hajela: From the face of the NRC to ‘anti-national’

FIR filed against IAS officer who was transferred to his home State after draft NRC was published in 2019

The Hindu

The confusion over the status of the Assam NRC

Why are the members of the Foreigners Tribunals and the State Coordinator of the National Register of Citizens at loggerheads?

The Hindu

Assam’s NRC not final, Foreigners’ Tribunals told

A member had asked the State Coordinator not to interfere in the functioning of the tribunals tasked with deciding on a person’s citizenship.

The Hindu

What the CIA thinks: William Burns on the new world disorder

Fifty years after Nixon’s cold war coup, the US is facing a new global realignment

Financial Times

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Pedestrian.tv

Elon Musk Said He’ll Lift Twitter’s Ban On Donald Trump So Excuse Me While I Sage My Home Screen

Incoming Twitter owner Elon Musk has promised to reverse the app's permanent ban on former US President Donald Trump so time to log off.

Benzinga

Franklin Universal Trust: Dividend Insights

Thursday marks the last chance for investors to receive the next dividend payout from Franklin Universal Trust (NYSE:FT).

The Guardian - UK

Queen’s speech proposals show Johnson ‘bereft of ideas or purpose’, says Starmer – as it happened

The PM’s legislative agenda for the year ahead was set out earlier in the Queen’s speech, which was delivered by Prince Charles

The Hindu

Once declared ‘Indian’ by FTs, a person cannot be branded as foreigner later: Gauhati HC

The Court was dealing with a batch of writ petitions concerning the question of the applicability of the principle of ‘res judicata’ in the proceeding before Foreigners Tribunal

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Asharq Al-Awsat

EU Attempts to Save Iran Nuclear Deal with Last-ditch Effort

The European Union is making a last-ditch attempt to save the Iran nuclear deal and break a deadlock, the Financial Times reported on Saturday. EU foreign policy chief Josep Borrell told the Financial Times that he was seeking a “middle way” to end the impasse, which threatens to scupper more…

Reuters

Iran says EU nuclear talks envoy to visit as bloc seeks to save deal

The European Union's Iran nuclear talks coordinator Enrique Mora is to visit Tehran on Tuesday, the semi-official agency Nour News reported on Saturday, as the bloc said it was seeking to break a deadlock and save the 2015 accord.

Financial Times

Lockdowns, crackdowns, chew toys. Owning an illegal big dog in Beijing

In China’s strictest city for dog-owners, a growing community of big dog-lovers learns how to live on the wrong side of the law

Daily Mirror

Financial Times editor warns of growing threat to press freedom

Roula Khalaf says the threat against reporters is growing, with wealthy organisations using their financial muscle to silence journalists

The Guardian - UK

I thought it was weird to have a favourite spoon. Then I realised I wasn’t alone ...

It sounds mundane, but a phone-in on listeners’ favourite spoons showed how much memory can be invested in them

Benzinga

Arm Removes Significant Obstacle Hindering IPO Aspirations: FT

Softbank Group Corp (OTC:SFTBY) (OTC:SFTBF) owned Arm is on the verge of regaining control of its defector China joint venture, the Financial Times reports. The development will remove a significant obstacle to SoftBank’s IPO ambitions for the U.K. chip designer. Arm holds a 47.3% stake in Arm China, while Chinese investment firm…

Benzinga

Twitter's Error Led To Overstated User Figures For 3 Years: What You Should Know

Twitter, Inc (NYSE:TWTR) admitted overstating its audience figures by ~2 million users for about three years as it reported its Q1 results. “In March of 2019, we launched a feature that allowed people to link multiple separate accounts together in order to conveniently switch between accounts,” Twitter disclosed. “An error was made at that…

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