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Some wealthy Saudis, concerned their funds could be frozen in the growing anti-corruption crackdown, are talking to banks and advisers about pulling their money out of the kingdom and the wider Gulf. Saudi security forces have already arrested more than 10 princes and dozens of ministers and businessmen, and the central bank has asked lenders in Saudi Arabia to freeze the assets of dozens more who aren’t under arrest. There’s no sign the purge will end soon, though, with the country’s attorney general saying this is only “phase one” of the crackdown. — Leila Taha
Brexit spies? Britain is probably spying on other EU countries as it negotiates its departure from the bloc, according to two academics who have written a history of the U.K. government’s use of intelligence agencies. The professors say that wouldn’t be new: It happened during Maastricht negotiations and G-20 meetings. Prime Minister Theresa May’s office declined to comment. Brexit negotiations resumed in Brussels today.
Early retirement. The first Airbus A380 superjumbo to exit service will be stored minus its engines at a French airfield next week as its owner seeks a new operator. Though still relatively young in industry terms, the model has fallen out of favor with airlines. The leasing company that owns the jet is still hoping to find a buyer, but it’s possible the plane—which was the third A380 built and entered service in 2007—may be broken up for parts that could together fetch as much as $100 million.
Streaming ahead. Amazon.com is making its first splash into Britain’s hot football market in a deal with the current leader of the Premier League, Manchester City. Ahead of the upcoming auction for Premier League broadcast rights, Amazon says it’s paying £10 million ($13 million) for exclusive rights to produce a behind-the-scenes show featuring the team and coach Pep Guardiola throughout the season. The series will be available to Amazon Prime digital video subscribers in 2018.
Brexit balance maintained. May promoted Brexit-backer Penny Mordaunt to her cabinet on Thursday as she sought to move on from the series of crises that have hit her government in recent weeks. Mourdaunt is taking over as international development secretary for Priti Patel, who resigned Wednesday after revelations that she held secret talks with the Israeli government behind May’s back. Mordaunt will be in charge of an £11 billion budget dispensing aid to poor and conflict-riven parts of the world.
For sale? Long-standing questions about the power of the Gupta family in South Africa have exploded into the most severe political and economic crisis there since the end of apartheid. The family has been accused by activists and opposition politicians of stacking the leadership of powerful state companies, rigging bids in favor of suppliers it controls, and even helping orchestrate a planned $70 billion nuclear-power deal with Russia, for which it could supply vast quantities of uranium. Read the inside story.
Chef jitters. Your new local restaurant might not really be that original. The growth in new-concept restaurants is slowing in London, while chains or mini chains are expanding, and some are blaming Brexit for the lack of risk-taking. The pound’s fall has made food imports more expensive, and there are fewer people coming from the continent looking for jobs, chefs say. “I have never known a more difficult time and I have been in this business for more than 30 years,” said David Moore, who owns the Michelin-starred Pied a Terre. He has closed three restaurants since the Brexit vote.
Compiled by Andy Reinhardt, Leila Taha and Lisa Fleisher