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Sunday Papers: Bitcoin at risk of Chinese sabotage

And Christmas panic grips high street chains such as Debenhams and House of Fraser.

Sunday Papers: Bitcoin at risk of Chinese sabotage

Top stories

  • The Sunday Telegraph: Bitcoin is vulnerable to sabotage from the Chinese government because of its overwhelming exposure to the country, researchers have warned.
  • The Sunday Times: Panicked retailers are preparing to slash prices further in a desperate attempt to get shoppers through the doors in what industry veterans have labelled the toughest Christmas trading period for decades.
  • The Sunday Times: The “America first” measure buried in the tax plan, which the president signed into law on Friday, will leave overseas banks facing US funding costs 25% higher than their American rivals, according to analysis by the consultancy EY.
  • The Sunday Telegraph: Short-sellers have been ramping up their bets against the UK’s biggest supermarket, Tesco, in the run-up to its Christmas battle with the German discounters as they continue to tear chunks out of the big four’s market share.

Business and economics

  • The Observer: The world’s biggest emitter of greenhouse gases, China, has launched the world’s biggest ever mechanism to reduce carbon, in the form of an emissions trading system.
  • The Sunday Times: The world’s most successful hedge fund manager Ray Dalio, who founded the $160 billion hedge fund giant Bridgewater Associates, has likened Bitcoin to “a lottery ticket” as the digital currency continued its rollercoaster ride with a dramatic collapse in value late last week.
  • The Sunday Telegraph: Star fund manager Richard Buxton has warned that the housing crisis is strengthening Labour’s chances of winning power in the next general election.
  • The Sunday Times: Traders at one of Britain’s most successful hedge funds Capula Investment Management, a Mayfair fund that specialises in European government bonds, took home more than £200 million in payouts after profits nearly doubled last year.
  • The Sunday Times: Healthy fast-food chain Itsu plunged to a loss of £8.5m last year as it splurged on store expansion and took big losses on an experiment with home delivery.
  • The Sunday Times: Camelot is on the hunt for a chairman as the national lottery operator seeks to reverse a slump in ticket sales.
  • The Sunday Times: The taxman is weighing a radical plan to strip firms of their operating licences if they don’t pay enough tax; the proposals are the latest attempt by HM Revenue and Customs to bring more small firms across a panoply of industries into the tax net.
  • The Sunday Times: Facebook’s shock decision this month to start paying local taxes across Europe may prove to be a watershed moment that leads other American tech giants to end their aggressive tax avoidance schemes.

Share tips, comment and bids

  • The Sunday Times: International Workplace Group (IWG), the landlord behind serviced office giant Regus, has received a takeover approach from a pair of Canadian private equity firms, Brookfield and Onex, in a deal that could be a bumper payday for founder Mark Dixon.
  • The Sunday Telegraph: David Lloyd has secured nine sites as part of his forthcoming venture Adrenalin World in a development which confirms the former British tennis player’s comeback in the leisure ­industry.
  • The Sunday Telegraph (Comment): Why gold is losing its lustre as an investor safe haven.

7 comments so far. Why not have your say?

Donald Chan

Dec 24, 2017 at 13:01

The housing crisis is due to too many people seeking housing in the UK. Don't think the Labour Party have the answer to this.

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michael coxson

Dec 28, 2017 at 08:41

WHAT! so they should live in cardboard city ??????????????

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Donald Chan

Dec 28, 2017 at 10:09

Non sequitur.

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The Pensioner

Dec 28, 2017 at 13:54

The shortfall in housebuilding has been going on for decades under both Tory and Labour administrations. It's one of those major issues, like the NHS and Community Care that should be resolved on a 'cross-party' basis.

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Donald Chan

Dec 28, 2017 at 18:47

Is it politically incorrect to say that the increase in population has outstripped house building?

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Suzie B

Dec 28, 2017 at 21:39

@Donald Chan Perhaps not so much politically incorrect as the wrong way round? In an ideal world house building would keep pace with population growth.

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Donald Chan

Dec 29, 2017 at 09:48

Now there's an idea, Suzy - an ideal world! I guess it's one where the human species over-rides consideration of all other species (whether you think they are sentient or not) natural resources (which can all be replaced by technology) and any appreciation of a natural world.

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