Thursday newspaper round-up: Evergrande, blackouts, Ryanair

Embattled Chinese property giant Evergrande has suspended share trading on the Hong Kong stock exchange only a month after it resumed trading after a 17-month suspension. Trading in its two other units – the property services and electric vehicle groups – also stopped at 9am on Thursday, according to notices posted by the stock exchange. – Guardian

The risk of blackouts in Great Britain will be lower this winter thanks to higher gas storage levels in Europe and more nuclear power imported from France, the company responsible for keeping the lights on has said. National Grid’s electricity system operator (ESO) said Britain was in a stronger position heading into the coldest months than it was a year ago when Russia’s invasion of Ukraine had left officials scrambling for backup power. – Guardian

Too much government borrowing is undermining faith in official economic forecasts, the Institute for Fiscal Studies has warned. The think tank said a raft of unexpected and expensive policies rolled out by recent Chancellors had led to a surge in the size of the state and fuelled Britain’s deficit, while also making forecasts less accurate. – Telegraph

A “whatever it takes” attitude to making money meant PwC’s Australian partners overlooked rule-breaking from “rainmaker” colleagues, a report on the firm’s leaking of confidential government tax plans has said. The report, released yesterday, criticised a concentration of power at the top, which allowed the chief executive “relatively unchecked authority”. – The Times

Ryanair’s chief executive has said British air traffic control is by far the worst in Europe, after travellers were hit by more cancellations this week due to staff sickness. Michael O’Leary criticised the UK’s air traffic control network as “by far and away the least productive, most inefficient”. – The Times