Mood – Resuming the position (4/10)

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As markets rebound after yesterday’s rout, we’re going back through old routines. Boris is threatening to axe 90,000 civil servant jobs to fund tax cuts, while Rishi Sunak has admitted that the government’s Brexit deal is causing economic and political harm in Northern Ireland . The Office for National Statistics’ latest survey shows 41% of adults cutting back on grocery shopping due to rising costs. Sri Lanka has brought back a five-time Prime Minister for a sixth spell. Bitcoin has hit its lowest level in 16 months. The FTSE All-Share is recovering lost ground.

DRAWING A LINE

Corporates are trying to start afresh, with SoftBank announcing a record $13.2bn loss and Qantas planning to charge up to $12,000 for the world’s longest, non-stop commercial flights from Australia to London and New York. Elon Musk says his acquisition of Twitter is ‘temporarily on hold’. A City boss has put staff on a gold payroll to beat inflation. Miner Anglo American is to make its first new investment in Zambia for 20 years. In India, a couple are taking their son to court, demanding that he and his wife either produce a grandchild within a year or cough up almost $650,000.

FIGURING OUT OUR CHANCES

As scientists take the first ever image of the black hole at the centre of our galaxy, UK ministers have been accused of ‘giving up’ on birds. But Friday the 13th is a lot luckier than you might think.

 

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