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Prime Minister Andy Burnham will distribute income tax revenue shares to English city region mayors for the first time, as part of a broader devolution initiative transferring power from central government to local leaders.
Sainsbury’s has agreed to sell Argos retail chain for £120m to three retail veterans led by former Morrisons executive Richard Pennycook, enabling focus on core food business.
Chancellor John Healey has announced his first Budget will take place on 28 October, stating it will move power and resources out of Westminster to communities across Britain while maintaining fiscal discipline.
A judge ruled that private equity investors orchestrated the ouster of a used-car company boss through a pre-planned scheme, despite also finding he was legitimately dismissed for gross misconduct.
FIFA’s plan to sell a minority stake in a World Cup subsidiary to private equity firms has faced swift opposition from UEFA and Concacaf, which worry about outside investor influence on the sport.
US government borrowing costs reached their highest level since 2007 as the Federal Reserve held interest rates steady, raising concerns about inflation control and economic stability.
