Murdoch’s REA Increases Rightmove Bid to £6.2bn; Chinese Stocks Have Strongest Week Since 2008 – Live Business Updates

Security chief of Fayed accused of facilitating abuse in 1991: Mohamed Al Fayed allegedly sexually assaulted an employee, Jen, at Harrods. Calls for gambling ad regulations in football as promotions soar. Rachel Reeves reconsiders non-dom tax plans due to fears of no financial gain. Labour urged to scrap UK road schemes like the Lower Thames Crossing. Tesla faces backlash for home checks on sick workers in Germany. Reeves considering changes to fiscal rules for more UK investment. UK retailers report fastest growth since May. UK government acquires semiconductor factory for $9bn. Chinese stocks rally to 16-year highs, lifting global sentiment. German unemployment rises, ECB rate cut on the table. Murdoch’s REA Group raises Rightmove bid to £6.2bn. The Telegraph auction has final contenders. Inflation slows in France and Spain, hinting at ECB rate cut. Global markets show positive outlook as Chinese stocks surge. The forthcoming events for the day include various economic indicators from France, Germany, the Eurozone, the UK, and the US.

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