Crown Resorts Ltd. has finally gained permission to open its flagship Sydney casino just days before buyout firm Blackstone Inc. takes over. Harry Brumpton reports on Bloomberg Television.
In a relief for telecom operators, the Department of Telecommunications (DoT) has finally removed the 3% floor rate on spectrum usage charges (SUC), a move which would in the long run make such payments zero on their entire spectrum holding. FE had reported in its Tuesday edition that operators had expressed their disappointment on Monday […]
Brighton will become the first city in the UK to take action against second homeowners and holiday lets after a wave of buyers during the coronavirus pandemic pushed house prices to over £500,000. Councillors have voted to ask officials to draw up proposals which will ban new-build second homes and holiday lets in some areas […]
Playter, a London-based growth platform that helps SME’s scale quicker with buy now, pay later (BNPL), has today announced the closing of a $55 million funding round from the backers of Klarna, SoFi and Pipe. The funding is a mixture of equity and debt. The investment follows seed funding of $1.7 million in March, continuing […]
The UK economy could receive a boost of up to £1.6bn a year via a trade deal with six Gulf stations. Talks on such an agreement kick off today with a meeting in Saudi Arabia. Trade Secretary Anne-Marie Trevelyan will meet representatives of the Gulf Co-operation Council (GCC) in Riyadh to begin negotiations on a […]
A new bombshell study said this morning that Brexit has damaged Britain’s competitiveness, reducing productivity and lowering workers’ real wages in the years ahead. The report said Britain has experienced a decline of 8 per cent in trade openness – trade as a share of economic output – since 2019, losing market share across three […]
The United Kingdom will likely host next year’s Eurovision Song Contest (ESC) because of the ongoing war in Ukraine, it has been announced. The European Broadcasting Union (EBU) issued a statement this morning saying it will “begin discussions with the BBC” about broadcasting the event from the UK, as this year’s runner up to the […]
MELBOURNE — Australia’s energy market operator said on Wednesday it would lift its unprecedented suspension of the spot electricity market in stages, starting on Thursday, as a return of some coal-fired generation eased the country’s power crisis. Read More
The yen slumped to a new 24-year low against the dollar. The underlying force driving down the yen remains that divergence between the Bank of Japan’s policy and that of the Federal Reserve. Mark Cranfield reports on Bloomberg Television.