Tuesday newspaper round-up: Twitter, carbon tax, SFO
By Michele Maatouk
Date: Saturday 09 Jul 2022
(Sharecast News) - Pressure on the government to help those hardest hit by Britain's cost of living crisis has intensified after the head of one of the country's leading employers' groups said immediate support was a "moral imperative". Tony Danker, the director-general of the CBI, said Rishi Sunak should step in to provide assistance to households skipping meals as a result of rising food and fuel bills. - Guardian
Elon Musk has suggested that he could seek to pay a lower price for Twitter, as the social media company's would-be owner expressed further concerns about the presence of fake accounts on the platform. The Tesla CEO said reducing his agreed $54.20 per share offer wouldn't be "out of the question", days after putting the $44bn ($36bn) deal "on hold" after he queried the number of spam accounts on Twitter. - Guardian
The Treasury is plotting a new tax on imports from countries with high carbon emissions as part of a scramble to protect British industry from efforts to go green. Ministers are considering bringing in carbon border taxes to make sure UK businesses who face high domestic carbon costs are not undercut by cheap imports. - Telegraph
Senior officials at the Serious Fraud Office (SFO) were in "serious breach" of their duties during an investigation into a Kazakh mining company, according to a High Court ruling that piles fresh pressure on the embattled agency. Judge David Waksman found that Neil Gerrard, a former partner at City law firm Dechert, leaked material about his then-client ENRC to the SFO in breach of his own duty of care. - Telegraph
Tom Cruise isn't the only one making a comeback: the release this month of Top Gun: Maverick more than 35 years after the original Top Gun comes as the big cinema chains kick-start investment in new theatres. A year after Britain's cinemas were allowed to reopen, Odeon has announced plans to open its latest upmarket Odeon Luxe venue this summer in Acton, west London. The opening, its first this year, will have nine screens with reclining seats that have three times the standard legroom. Films will be shown on cutting-edge technology, while the food and drink offering has been upgraded. - The Times
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