Potential suitors to buy The Daily and Sunday Telegraph have until the end of Friday to submit second-round offers, with the US owner of the New York Sun and Sir Paul Marshall, the backer of GB News and the new owner of The Spectator, viewed as the frontrunners. Marshall is leading a consortium backed by US billionaire Ken Griffin. The Spectator recently appointed Michael Gove as its new editor. Four known suitors are expected to submit bids ahead of the deadline, including Dovid Efune, who took control of the digital assets of the New York Sun three years ago. Inflation in France and Spain has slowed, with annual rates dropping below expectations. Market analysts are now predicting a 70% chance that the European Central Bank will cut interest rates. Oil prices have dropped with Brent losing nearly $4 a barrel this week. Global markets are set to end September on a high with Chinese and Asian stocks surging. Chinese stocks are on track for their best week since 2008 after a blitz of stimulus measures. After a leadership contest, Shigeru Ishiba has been announced as Japan’s next prime minister. The day’s agenda includes key data releases from France, Germany, the Eurozone, the UK, and the US.
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Chinese stocks set for strongest week since 2008 following Beijing’s economic boost – live updates | Business
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