“It looks quite good for her, she is the frontrunner,” said one diplomat. The role will be discussed by finance ministers who are meeting in Brussels tomorrow. Photograph: Yves Herman/Reutersĭespite a late decision by Italy to back Denmark’s Margrethe Vestager, who left her job as a European commissioner to join the contest, Calviño remains the favourite in the impending selection involving votes by each member state, diplomats say. Spain's deputy prime minister and minister for economy and digitalisation, Nadia Calviño, arrives to attend the eurozone finance ministers meeting in Brussels on Thursday. In the UK, Rishi Sunak defends Rwanda asylum policy as Tory split deepens You can continue to follow our live coverage from around the world: The billionaire British hedge fund manager Sir Chris Hohn paid himself $346m (£276m) this year – more than £1m for every working day. South East Water, which left thousands of customers without running water this summer, has paid out dividends of £2.25m over six months while overseeing increased losses of £18.1m before tax. UK house prices rose by 0.5% in November, according to data from lender Halifax. The BBC licence fee will rise by £10.50 to £169.50 a year, the culture secretary, Lucy Frazer, has confirmed. McDonald’s is launching a new kind of restaurant, CosMc’s, a retro-style store with treats and customisable drinks including “s’mores cold brew”, “churro frappes” and “turmeric latte” that could rival chains such as Starbucks. One of Spotify’s top executives cashed in more than $9m (£7.2m) in shares as the value of the world’s biggest music streaming service surged after it announced it was laying off almost a fifth of its workforce to cut costs. ![]() Spanish economy minister Nadia Calviño is likely to be the next president of the European Investment Bank, one of the most important jobs in the EU, it has emerged. ![]() Here are some of the other business news highlights from today:
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