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barclays legacy in newspaper ownership marked by controversy and financial struggles
Concerns are rising among employees at the Telegraph about potential shifts towards propaganda under new ownership, as financial struggles and past irregularities haunt the Telegraph Media Group. The Barclays, who bought the Telegraph in 2004, faced declining circulation and aggressive cost-cutting, leading to a turbulent editorial environment and allegations of compromised journalistic integrity. Their ownership has been marked by a complex interplay of financial interests and editorial decisions, raising questions about the future direction of the publications.
credit spreads signal rising recession risks amid challenging economic outlook
Barclays' Toublan highlights that current credit spreads are underestimating recession risks, pricing in less than 5% while a more realistic figure is around 20%. The macroeconomic outlook is deteriorating, with negative consumer and company reactions, yet demand for credit remains strong, particularly from yield-based buyers. Attention is drawn to the underperformance of lower-quality loans, indicating potential vulnerabilities in the market.
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