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Sky/Fox takeover deal likely to face competition probe

The Culture Secretary said she is “minded to” refer Rupert Murdoch’s 21st Century Fox takeover of Sky to the competition watchdog.Karen Bradley’s decision is a blow to the media mogul’s hopes of having the £11.7bn deal waved through without further scrutiny.Mr Murdoch already owns 39% of the satellite broadcaster.An …

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Malawi and Unicef launch drone air corridor

Malawi has launched Africa’s first air corridor to test the use of drones, or Unmanned Aerial Vehicles, in humanitarian missions in partnership with the UN children’s agency, Unicef.Kasungu Aerodrome, in central Malawi, will be exclusively used for the project until 2018.Universities and other partners will also have access to …

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Rolls-Royce safeguards 7,000 jobs in East Midlands

Rolls-Royce has secured more than 7,000 jobs in the East Midlands after announcing its biggest single investment in the UK for over a decade.The engineering giant said it would be investing the majority of the £150m in a new test bed in Derby.This facility would test large civil aero-engines …

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Bank of England: Wales facing cost of living 'squeeze'

People in Wales are facing a “squeeze” because pay is flat but the price of goods has gone up, according to the Bank of England’s chief economist.Andy Haldane said interest rates could “edge up” if the cost of living continues to rise.He spoke to residents in Barry, Porth and …

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BT Italy scandal prompts auditing probe

The Financial Reporting Council (FRC), the UK’s accountancy watchdog, says it has begun an investigation into the auditing of BT’s financial statements.The investigation covers the years 2015 to 2017 and relates to the scandal in the telecoms giant’s Italian division.The auditor responsible, PwC, was replaced in June with rival …

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