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June 21, 2024
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PRESS DIGEST-Financial Times – Jan 9


Jan 9 (Reuters) – The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

– Oil and gas executives leaned on to support controversial UK North Sea oil bill

– UK seafood industry cracks down on exploitation of overseas crew

– UK charities warn against scrapping mortality data for the homeless

– EU approves 902 mln euros in German state aid for battery maker Northvolt

– Tronchetti Provera increases stake in tyremaker Pirelli

Overview

– Oil industry executives were leaned on by the UK government to voice support for its North Sea oil legislation ahead of an imminent House of Commons vote as the controversial policy faced fresh criticism from a senior Tory MP.

– The UK seafood sector has launched Europe’s first “worker-driven” scheme to tackle the exploitation of migrant crew on British fishing boats by setting minimum standards for pay and working conditions.

– UK Charities have warned that government plans to stop publishing mortality statistics for homeless people will undermine efforts to address a surge in the number of those dying without secure accommodation in England and Wales.

– Brussels has approved 902 million euro ($988.05 million) in state aid for battery maker Northvolt’s factory in Germany, the first use of a new mechanism that allows governments to provide more funding to companies that have been offered higher subsidies elsewhere.

– Following a two-stage transaction involving Tronchetti Provera’s financial concern and Camfin, the holding company of Pirelli’s Italian investors, MTP will raise its stake to 20% from a current 14%, according to a statement. ($1 = 0.9129 euros) (Compiled by Bengaluru newsroom)



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