Business

Oct 14th

Jaguar Land Rover re-started some production for the first time since being hit by a cyber-attack on August 31st. Some concerns have been voiced about the £1.5bn ($2bn) loan for the carmaker backed by the British government. Critics point out that JLR was reportedly uninsured against the attack and that the loan creates a moral hazard.

Mark Carney, Canada’s prime minister, met Donald Trump in the White House to discuss trade. Canadian officials described the talks as “positive”.Mr Trump went further, talking of the pair’s “mutual love”. The Americanpresident also held a phone call with Luiz Inácio Lula da Silva, his Braziliancounterpart, which both sides said was friendly. Lula also pressed Mr Trumpabout trade.

Paramount agreed to buy the Free Press, a news and analysis website, for $150m and appointed its founder, Bari Weiss, as editor-in-chief of CBS News, which is owned by Paramount. It is the media conglomerate’s first big acquisition under its new owner, David Ellison, who merged it with his Skydance production company. The deal is sweet revenge for Ms Weiss. She resigned from the New York Times in 2020 amid a spectacular falling out over the newspaper’s internal politics