Sunday newspapers: Klarna observes US swimming while fintech firms are cracked down on

Top stories

  • The Sunday Times: Swedes Buy Now, Pay Later Giant Klarna is likely to pick the US for its listing, taking a blow to Rishi Sunak’s efforts to turn London into a fintech hub.
  • The Sunday telegraph: Rishi Sunak negotiated a “historic” deal with G7 finance ministers on Saturday to tackle tax avoidance by global tech giants and ensure they pay more taxes.
  • The Sunday Times: AstraZeneca has filed a lawsuit against Glaxo Smith Kline for a higher percentage of royalties from Zejula, a best-selling cancer drug.

Business and economy

  • Post on Sunday: Marketing guru Martin Sorrell has signaled a big summer boom for the UK economy by predicting that “ridiculous” growth in corporate advertising spending could continue for the remainder of the year and into 2022.
  • Post on Sunday: Royal Mail plans to offer timed delivery slots for the first time next year to attract customers from rivals like Amazon.
  • The Sunday Times: Amazon will ramp up its same day delivery in the most recent escalation of its attack on retailers.
  • The Sunday Times: Airbnb requires hosts to be registered with the government – a move that could prevent landlords from breaking short-term stay rules.
  • The Sunday telegraph: Bulb Energy has been granted an execution suspension by lenders as the company struggles with a surge in wholesale prices, rising customer complaints, and the resignation of its co-founder.
  • Post on Sunday: Crispin Odey’s hedge fund firm bucked the green investment trend by supporting a Norwegian oil company, Aker BP, and betting against a renewable energy stock.
  • The Sunday telegraph: Mining giant Anglo American has been accused of “greenwashing” by clandestine research firm Boatman Capital, which claims that a group of South African coal mines it will spin off this week are “worthless.”
  • The Sunday Times: The owner of Virgin Media faces a shareholder revolt for paying his boss $ 1 million a week during the pandemic.

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