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Rishi Sunak’s ambition of becoming a science superpower is at the forefront of many business stories today. The Guardian reports that the UK needs to invest in more laboratory space, improve transport links, and offer tax breaks to achieve this goal. Meanwhile, union leaders are urging Tata Steel to keep a blast furnace at Port Talbot steelworks open until 2032 to avoid job losses.
Sky News has announced that UK chancellor Jeremy Hunt will announce a review of the rules governing payment authentication as part of a post-Brexit crackdown on fraud. This news follows recent reports that Brexit has boosted wage growth in the UK.
On the telegraphic front, The Telegraph reports that Dutch train start-up Heuro is in talks to raise around 1 billion euros and plans to launch a rival service to Eurostar running through the Channel Tunnel. This news comes as investors at OpenAI are pushing for the reinstatement of Sam Altman as chief executive. The Times also reports that the Barclay family is close to repaying over 1.1 billion pounds owed to Lloyds Banking Group and regaining control of The Daily and Sunday Telegraph newspapers.