Writing the summary…
There's a crackdown on sports piracy - but is it already out of control?
Source: BBC Business
Related stories
CNBC
Trump's Russia diesel deal may offer Putin more than money — and spell trouble for Ukraine
Trump's diesel deal may do little for Russia's finances, but it raises bigger questions about Ukraine's leverage, U.S. support and Putin's next moves.
The Guardian
Condé Nast’s UK profits drop by more than a third as sale of Vogue publisher ruled out
Magazine group points to restructuring bill but says it ‘remains profitable in the UK for another year’ Profits at Condé Nast’s UK arm slumped by more than a third last year, according to figures published shortly after the billionaire family that owns the luxury magazine group and titles from Vogue to GQ ruled out a sale. The publisher, which enjoyed a bumper 2024 after booking £64m in proceeds from the sale of its UK headquarters Vogue House in London, saw pre-tax profits excluding exceptional items tumble 36% from £28m that year to nearly £18m last year. Continue reading...
CNBC
Why hedge funds could be making a bond market shock more likely
The Bank of England's deputy governor has warned that hedge funds' activities could raise the risk of a global bond market shock.
The Guardian
Heat pumps and insulation would cut UK living costs more than new oilfields, study suggests
Warm homes plan would create 50,000 jobs, compared with about 1,100 for Rosebank oilfield, thinktank finds Insulating Britain’s homes and investing in heat pumps would do more to cut the cost of living, create jobs and boost the UK’s economy than drilling for new oil, research suggests. The government’s £15bn warm homes plan, currently under threat of cuts as ministers seek budget savings , would slash £1bn a year from household energy bills across the UK, concentrated on those on low incomes, according to research by the thinktank E3G. It would also provide a £1.6bn yearly boost to the economy, and about 50,000 new jobs spread across thousands of small businesses. Continue reading...
The Guardian
£3,500 and no work done: the offer to help that’s really a roofing scam
Citizens Advice warns of its No 1 scam as growing number of people are targeted by criminals posing as roofers The builder who calls at your door says they are doing some work in the area and has spotted a loose tile on your roof. They offer to fix it for a good price that you agree to. But when they go up on their ladder to inspect the problem, they see another problem. Rain has been splashing out of the gutters and the wood around them is getting damaged. The only solution, the builder says, is to have rigid PVC trays installed to divert the water. Continue reading...
CNBC
Trump waives broad new Russia sanctions, Zelenskyy condemns it as 'wrong'
Trump signed the Graham Bill, which targeted Russia over its invasion of Ukraine, into law in September.