The UK government has approved Czech billionaire Daniel Křetínský’s £5.3bn takeover of Royal Mail, with a “golden share” retained by the government for governance. Křetínský’s EP Group will uphold commitments including maintaining UK operations and meeting delivery obligations. This decision comes after Royal Mail was fined £10.5mn for failing to meet performance targets, highlighting the challenges faced by Křetínský in modernizing the postal service.
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The introduction of ChatGPT has shifted perceptions of Alphabet (NASDAQ: GOOGL, GOOG), as its market share in digital advertising and Google Search fell below 90%. Despite this, investors remain optimistic about Alphabet's potential for significant growth over the next five years, indicating confidence in the company's future. Want More Context? 🔎
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