UK newspapers are reporting on several business stories today. The Daily and Sunday Telegraph are expected to be under new ownership soon as the Barclay family is close to repaying over 1.1 billion pounds owed to Lloyds Banking Group and regaining control of the newspapers. Meanwhile, investors at OpenAI are pushing for the reinstatement of Sam Altman as chief executive.
The UK needs to make investments in laboratory space, improve transport links, and offer tax breaks to achieve Rishi Sunak’s ambition of becoming a science superpower, according to The Guardian. Union leaders are urging Tata Steel to keep a blast furnace at Port Talbot steelworks open until 2032 to avoid job losses.
Dutch train start-up Heuro is in talks to raise around 1 billion euros and plans to launch a rival service to Eurostar running through the Channel Tunnel, reports The Telegraph. Economists have suggested that Brexit has boosted wage growth in the UK.
UK chancellor Jeremy Hunt will announce a review of the rules governing payment authentication as part of a post-Brexit crackdown on fraud, according to Sky News.