Mirror-like offering by supermarket giants may be stifling vigorous competition, ACCC report says

Australian Competition and Consumer Commission uses special information gathering powers to examine ‘concerning’ reports from grocery suppliers

Australia’s major supermarkets provide broadly similar products, prices and loyalty programs in an oligopolistic market that may limit incentives to compete vigorously, the competition regulator has found in its interim report on the sector.

The Australian Competition and Consumer Commission also said grocery suppliers had raised “concerning” issues – such as being required to pay rebates for promotions to supermarkets – prompting the regulator to use its compulsory information gathering powers to examine the reported behaviour.

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China announces new measures to arrest housing slump and boost growth

Benefits to rise for poorest and local authorities to be given powers to intervene in real estate markets

Chinese leaders have vowed to arrest a slump in the housing market and boost growth after conceding that measures by the central bank to stimulate investment this week were likely to prove inadequate.

Promising to deploy “necessary spending” by the state to meet this year’s economic growth target of 5%, China’s politburo said it would increase benefits for the poorest and give local authorities the cash and power to intervene to prevent further falls in house price values.

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Stand News: Hong Kong jails journalists for sedition – BBC.com

  1. Stand News: Hong Kong jails journalists for sedition  BBC.com
  2. Hong Kong: Stand News journalists given jail terms for ‘sedition’  The Guardian
  3. For the first time, Hong Kong imprisons a journalist for sedition  The Washington Post
  4. Hong Kong court sentences editor to 21 months in jail in a case seen as a barometer of press freedom  The Associated Press
  5. Hong Kong: Stand News editor sentenced to 21 months in jail  DW (English)
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Russian missiles and drones target Kyiv for 5 hours and hit Ukraine’s power grid – The Associated Press

  1. Russian missiles and drones target Kyiv for 5 hours and hit Ukraine’s power grid  The Associated Press
  2. Russia fires barrage at Ukraine as Zelenskyy pitches war-winning plan at UN  ABC News
  3. Key facts about Russia's highly destructive 'glide bombs'  Reuters
  4. Russian Missiles Strike Kyiv for 5 Hours Hitting Ukraine's Power Grid  Newsweek
  5. Ukraine's defence forces destroy 28 Shahed drones and 4 missiles at night  Ukrainska Pravda
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Elon Musk hits out at Britain after reported summit snub – Reuters UK

  1. Elon Musk hits out at Britain after reported summit snub  Reuters UK
  2. Elon Musk hits back at UK government after he is not invited to tech summit  The Guardian
  3. 'I don't think...': Elon Musk responds to exclusion from UK international investment summit  The Times of India
  4. Starmer’s top minister for social media has not spoken to snubbed Elon Musk  The Independent
  5. Why has Elon Musk been snubbed by the U.K.’s major investment summit?  Fortune
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Middle East crisis threatens Lebanon’s ‘very existence’, foreign minister tells UN – as it happened

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Lebanon’s National News Agency reports that trade unions in the country have called on people to show solidarity, and for “the owners of food establishments, bakeries, gas stations and pharmacies to keep their establishments open, and facilitate everything necessary for our people.”

In a statement the trade unions also called on “merchants not to raise prices and not to exploit people.”

They want to do exactly what Hamas did in the south. Remember, we have been in this situation for a whole year. In the past week, the army has fought as it should, as we expect, to bring us back home. It seems we are again taking two steps back.

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Badenoch says she’s a ‘huge fan’ of Elon Musk, as other Tory leader candidates decline to praise him – UK politics live

The billionaire owner of X has reportedly not been invited to Labour’s international investment summit next month

Sunder Katwala, director of British Future, a thinktank specialising in race and identity issues, says that it is “courageous” for Kemi Badenoch to endorse Elon Musk as enthusiastically as she has done. (See 9.55am.) As he explains, he is using “courageous” in the Yes Minister sense, as a synonym for rash or unwise.

But Katwala is citing polling about the views of Conservative party voters. It is hard to know what Conservative party members think, because they are harder to poll, and so less polling is available, and they are the group that will ultimately elect the next Tory leader. If their views align with the views of Reform UK voters, then her stance on Musk might help her.

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White House pledges further $8bn in aid as Zelenskyy visits – as it happened

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Ukraine’s foreign minister has discussed ways to achieve a lasting peace in Ukraine with his Chinese counterpart at the UN general assembly, Kyiv said on Thursday.

According to Agence France-Presse (AFP), Chinese foreign minister Wang Yi, who had earlier met Russia’s top diplomat, told a security council session this week that diplomacy was the only solution to the war in Ukraine.

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Oklahoma man set to be executed despite conflicting evidence

Emmanuel Littlejohn will be executed for role in 1992 shooting, which would be state’s third execution this year

A man in Oklahoma is scheduled to be executed by lethal injection on Thursday morning, despite conflicting evidence regarding his guilt.

Emmanuel Littlejohn, 52, will be executed for his role in the 1992 shooting death of a convenience store owner during a robbery in Oklahoma City. If executed, Littlejohn will be the third inmate put to death by the state this year.

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Brontë sisters finally get their dots as names corrected at Westminster Abbey

Amended memorial to the writers unveiled at Poets’ Corner 85 years after misspelled plaque first installed

An 85-year injustice has been rectified at Poets’ Corner in Westminster Abbey with the corrected spelling of one of the greatest of all literary names. Reader, it is finally Brontë, not Bronte.

An amended memorial to Charlotte, Emily and Anne Brontë was unveiled on Thursday with added diaereses (two dots) that ensure people pronounce it with two syllables. As if it rhymed with Monty, not font.

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OpenAI planning to become for-profit company, say reports

Reported move follows recent departure of senior figures from ChatGPT developer

OpenAI is reportedly pushing ahead with plans to become a for-profit company, as more senior figures left the ChatGPT developer after the surprise exit of its chief technology officer, Mira Murati.

The San Francisco-based startup is preparing to change its corporate structure as it seeks $6.5bn (£4.9bn) of new funding, according to reports.

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Harrods chief apologises for failing colleagues over Fayed allegations

Michael Ward says former Harrods owner ‘presided over a toxic culture’, describing it as ‘shameful period’

The managing director of Harrods has apologised and said the business “failed our colleagues” following sexual misconduct allegations against the department store’s former owner, Mohamed Al Fayed.

In a statement, Michael Ward said it is clear Fayed “presided over a toxic culture of secrecy, intimidation, fear of repercussion and sexual misconduct”.

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Morrisons agrees £331m property deal on extra long leases to cut debt pile

Transaction will reportedly provide investment firm Song Capital with ground rent on 76 supermarkets for 45 years

Morrisons has raised £331m to cut its debt pile through the sale of ground leases on 76 supermarkets as part of a turnaround plan under the new chief executive, Rami Baitiéh.

If all the proceeds are used to pay down debt, Morrisons would have net debt of £3.6bn, down from as much as £8.6bn at the end of last year.

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Mohamed Al Fayed: Woman says ‘monster’ raped her at 16 – BBC.com

  1. Mohamed Al Fayed: Woman says 'monster' raped her at 16  BBC.com
  2. Mohamed Al Fayed: Protection officer says he warned Palace in 90s  BBC.com
  3. Sexual assault claims made over Mohamed Al Fayed’s Fulham tenure  The Guardian
  4. Two Mohamed al Fayed accusers say doctor who 'carried out intrusive medical examinations' has 'massive questions to answer'  Sky News
  5. Why did Mohamed Al Fayed escape scrutiny?  The Economist
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