BBC Business says the boss of Scottish Power has warned that millions of customers face an horrific winter unless there is a major government intervention in energy firms.
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The Metro says BP has revealed record underlying profits – as the living cost crisis continues across the UK.
The Guardian says the cost of household goods such as toys, furniture and clothing is rising by the fastest rate in more than 15 years as the impact of the war in Ukraine combines with Covid lockdowns in China.
BBC News says Business and government users on Twitter may need to pay a “slight” fee to stay on the social media platform, Tesla boss Elon Musk has said.
The Independent says BP has recorded its highest underlying profits for more than a decade after oil and gas prices soared.
The Guardian says Investors have wiped $126bn (£100bn) off Tesla’s value amid concern that Elon Musk may have to sell shares in the electric carmaker to fund his personal contribution to his $44bn acquisition of Twitter.
Euronews says Twitter will have to “adapt completely to European rules” whatever Elon Musk’s intentions regarding freedom of speech, the European Commission warned on Tuesday.
The Guardian says cabinet ministers have been ordered to come up with new “non-fiscal” ways to combat the cost of living.
BBC News says Business leaders have urged the prime minister to make this year’s extra bank holiday marking the Queen’s Platinum Jubilee permanent.
The Guardian says Elon Musk has reached a $44bn deal to buy Twitter in a takeover that will give the world’s richest man control of a social network with more than 200 million users.
The Metro says a billionaire investor has dramatically pulled his cash out of Netflix following a plunge in the streaming service’s share price.
TRT World says Netflix has said inflation, the Russian offensive in Ukraine, and fierce competition contributed to a loss of subscribers for the first time in more than a decade.
The Independent says the average rental asking price in the UK has jumped to a new record as demand continues to outstrip properties on the market, according to a report.
The Metro says Brits face a further squeeze on their household incomes after the rate of inflation rose to another 30-year high.
The Independent says household saving is expected to fall by 71% on last year to an average of £26 a week as inflationary pressures drastically reduce families’ ability to put money away, figures suggest.
The Guardian says households in Britain have come under renewed pressure from the soaring cost of living after the official inflation rate reached 7% last month amid a record increase in petrol and diesel prices.
The Independent says retail sales growth slowed significantly last month as consumer confidence “continued to sink” amid the cost of living crisis, new research has revealed.
Arab News says PM Mario Draghi announced a deal on Monday to boost gas deliveries from energy heavyweight Algeria, as he steps up efforts to reduce Rome’s heavy reliance on Russian imports.
The Sun says MILLIONS of families and pensioners will get a pay rise from today as benefit rates go up.
The Guardian says Ukraine’s economy is on course to contract by almost half this year as the Russian invasion and the impact of a “deep humanitarian crisis” takes its toll, the World Bank has said.
The Guardian says Elon Musk, Twitter’s biggest shareholder, has decided not to join the social media company’s board, its chief executive Parag Agrawal has said.
The Guardian says pensioners and benefits claimants will see the value of their payments fall to the lowest point in 50 years on Monday, anti-poverty campaigners have said, as Britons grapple with the worst cost of living crisis since 1972.
Elon Musk decides against joining Twitter board FT News says Elon Musk will not to join Twitter’s board of directors, reversing course just days after…
Glitch in post-Brexit customs system adds to major Channel lorry chaos on Kent roads The Independent says problems with a key post-Brexit IT system for…
The Independent says months after her birth in April 1980, Akshata Murthy’s ambitious parents left her in the care of her paternal grandparents to build a better life for their young family hundreds of miles away in Mumbai.
