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Business

The latest published reporting in this category.

Crypto

PNC lets businesses accept USDC without keeping the crypto

Eligible corporate clients can receive dollar deposits through automatic USDC conversion, while broader bank funding effects remain unmeasured. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

CryptoSlate
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Military

Burnham raised safety concerns about Manchester ‘monster’ warehouse, inquiry hears

PM wrote to transport commissioner to oppose ‘megashed’ in Astley shortly before he entered No 10 Andy Burnham raised safety concerns about dozens of lorries leaving a “monster” warehouse near a primary school because there was “no safe crossing” for children, a public inquiry has heard. Concerns about the 18-metre-high “megashed” in the village of Astley, Greater Manchester, are being examined by Britain’s office of the transport commissioner. Continue reading...

The Guardian
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Finance

ITV to cut show budgets as UK TV and film production spend drops by more than £2bn

Broadcaster plans to make £30m in ‘temporary’ savings before inquiry into takeover by Sky ITV plans to slash its programming budget as new figures showed that spend on the production of films and prestige TV shows in the UK was down more than £2bn over the last year. The broadcaster plans to make £30m in “temporary” savings, including £25m in content and £5m elsewhere in the business. Continue reading...

The Guardian
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Finance

KKR and RWE are rich firms. Why do they need a UK state loan for their windfarms? | Nils Pratley

National wealth fund is to lend £1bn towards the Vanguard projects – but whether the private equity giant needed help is debatable “This major investment in UK renewables is a vote of confidence for building in Britain,” declared the prime minister. Andy Burnham is obviously correct that the two Vanguard windfarms off the coast of Norfolk are huge investments. Together, they require almost £13bn of debt financing. But he can’t claim they represent a fresh expression of confidence. The project has been on the runway since the German utility RWE, the developer, was awarded a contract to build th

The Guardian
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Politics

TV industry must tackle abuse or face crackdown, ministers warn

Culture secretary Lisa Nandy expected to meet leaders from TV, film and publishing and could legislate if voluntary action is deemed insufficient Ministers have given the entertainment industry an ultimatum to bring in better protections for women and children or face government action after the allegations about David Walliams and the conviction of Russell Brand. The culture secretary, Lisa Nandy, is expected to meet industry leaders next week, taking in representatives from TV, film, publishing and potentially sport. Continue reading...

The Guardian
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