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Wednesday newspaper round-up: Telegraph, flexible working, Ford

(Sharecast News) - The owner of the New York Sun has emerged as the latest bidder aiming to take control of the Daily and Sunday Telegraph. British-born Dovid Efune, who took control of the assets of the former newspaper the New York Sun three years ago, is understood to be in the running to lodge an offer before the deadline set for second-round bidders on 27 September. - Guardian The owner of Canary Wharf has had its credit rating cut deeper into "junk" territory over concerns about its debts as it struggles to attract workers back to the east London office hub after the pandemic. The credit rating agency Fitch has further downgraded Canary Wharf Group, the landlord of the development, in a reflection of risks over an upcoming bond refinancing. - Guardian

Older workers risk losing out to younger colleagues in Angela Rayner's flexible working push, with younger staff dominating discussions with bosses over different patterns of work. Just 24pc of those aged over 55 have spoken to their managers about flexible working since the right to request different arrangements came into force in April, according to a survey from Phoenix Group. By contrast 54pc of those aged 18 to 34 have taken time with their bosses to discuss flexible working. - Telegraph

Ford has filed a patent for technology that can eavesdrop on drivers and passengers to serve them hyper-targeted advertising. The technology would allow the car's infotainment system to listen to "conversations between occupants of the vehicles", which its software could then filter for "keywords or phrases". The system would learn what adverts "annoy or irritate" based on remarks "spoken by the user when ads are presented to them", while it would be able to recognise the vehicle's occupants based on in-car cameras or microphones and tailor its adverts to each person. - Telegraph

Caroline Ellison has urged a federal judge not to send her to jail after the former cryptocurrency executive helped prosecutors to win a jail sentence for her former boyfriend Sam Bankman-Fried. Ellison, 29, has pleaded guilty over her role in the multibillion-dollar collapse of FTX, the cryptocurrency exchange. Customers of FTX and Alameda Research, its sister company where she was chief executive, were defrauded out of an estimated $8 billion. - The Times

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(Sharecast News) - Apple slightly beat analysts' expectations in its first-quarter earnings for fiscal year 2025 on Thursday. The iPhone-maker's revenue rose by 4%, coming in at $124.30bn, barely above estimates of $124.12bn. Earnings per share were $2.40, just ahead of analysts' expectations of $2.35. Shares rose more than 8% in extended trading after CEO Tim Cook indicated in an earnings call on Thursday that Apple is on the trajectory for revenue growth next quarter. - Guardian
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(Sharecast News) - The architect of a ban on newspaper takeovers by foreign states has demanded that an Abu Dhabi fund be forced to sell The Telegraph by Easter. Baroness Stowell, the Conservative chairman of the Lords communications and digital committee, said the Government should impose an ultimatum on RedBird IMI. It should be backed by the threat of regulatory action, she said, to strip the fund of control of what has been dubbed "the newspaper auction from hell". - Telegraph
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(Sharecast News) - The architect of a ban on newspaper takeovers by foreign states has demanded that an Abu Dhabi fund be forced to sell The Telegraph by Easter. Baroness Stowell, the Conservative chairman of the Lords communications and digital committee, said the Government should impose an ultimatum on RedBird IMI. It should be backed by the threat of regulatory action, she said, to strip the fund of control of what has been dubbed "the newspaper auction from hell". - Telegraph
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(Sharecast News) - Rachel Reeves is unveiling plans to create "Europe's Silicon Valley" between Oxford and Cambridge as she stakes the government's success on kickstarting economic growth and putting more pounds in people's pockets. The chancellor will announce a blueprint to improve infrastructure across the region that will add up to £78bn to the UK economy within a decade, according to industry experts, and put it at the forefront of science and technological advances. - Guardian

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