The top business stories of the day include:
The Telegraph reports that the Barclay family is close to repaying over 1.1 billion pounds owed to Lloyds Banking Group and regaining control of The Daily and Sunday Telegraph newspapers. Additionally, investors at OpenAI are pushing for the reinstatement of Sam Altman as chief executive.
Meanwhile, The Guardian mentions that the UK needs to invest in more laboratory space, improve transport links, and offer tax breaks to achieve Rishi Sunak’s ambition of becoming a science superpower. Union leaders are urging Tata Steel to keep a blast furnace at Port Talbot steelworks open until 2032 to avoid job losses.
According to Sky News, UK chancellor Jeremy Hunt will announce a review of the rules governing payment authentication as part of a post-Brexit crackdown on fraud. Meanwhile, economists have suggested that Brexit has boosted wage growth in the UK. 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.