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HomePRESS DIGEST-British Business - Dec 12

PRESS DIGEST-British Business – Dec 12

Dec 12 (Reuters) – Here are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not guarantee their accuracy.

Times

– VBites, the vegan food business founded by Heather Mills, has fallen into administration amid rising raw material costs and energy prices. – London-listed investment firm Hipgnosis Songs Fund has sold about 20,000 songs for just over $23 million as it seeks to cut debt amid uncertainty about the future.

Guard

– Police and national security agencies in the EU will be banned from using real-time biometric data driven by artificial intelligence in most cases without judicial authorization .

– Analysts believe London-listed miner Anglo American could become a takeover target after warning of weaker-than-expected output.

Telephone

– Gita Gopinath, deputy managing director of the International Monetary Fund (IMF), said “increasing fault lines” in the global economy, such as tensions between the US and China and Russia’s Invading Ukraine’ created permanent changes in the way countries do business.

– Tesla China employees had access to the private data of more than a hundred thousand of the automaker’s employees, a whistleblower wrote to the Information Commissioner’s Office (ICO), the agency The UK’s privacy watchdog warned that employees in China or Russia could access the data, creating a “significant security risk”.

Sky news

– Fast fashion giant Shein has been in talks with the London Stock Exchange about the possibility of a blockbuster public listing in the UK, even after filing documents paving the way for a UK IPO. New York.

– AssetCo, the fund management group founded by Martin Gilbert, a former City minister, is in talks to buy parts of the company co-founded by Jacob Rees-Mogg, a former UK cabinet minister. Foundation.

Independence

– In a blow to British Prime Minister Rishi Sunak, the so-called “star chamber” of lawyers convened by the Tories in the European Research Group (ERG) said the Rawanda bill would not start hub flights export.

– The UK Home Office plans to spend at least 700 million pounds ($878.50 million) to manage migrants arriving on small boats this decade, according to government contracts.

($1 = 0.7968 British pounds) (Compiled by Bengaluru newsroom)

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