PRESS DIGEST-British Business – August 12

Aug 12 (Reuters) – Here are the main articles on the trade pages of UK newspapers. Reuters has not verified these stories and does not guarantee their accuracy.


– UK ministers are drawing up plans to cut thousands of civil service jobs and downsize Whitehall as part of a three-year review of government spending.

– A thousand jobs are under threat globally after London-listed cybersecurity firm Avast agreed to be bought by NortonLifeLoc for £ 6.2 billion ($ 8.6 billion).

The Guardian

– WikiLeaks founder Julian Assange lost a battle in the High Court to prevent the US government from expanding the grounds for his appeal against an earlier refusal to allow his extradition to face charges of espionage and hacking into government computers.

– Polish lawmakers passed a controversial new media ownership law that could lead to the loss of the license of the country’s largest independent television station, but at the cost of several key votes that cast doubt on the long-term future of the government.

The telegraph

Edinburgh is set to become the first UK city to force short-term rental hosts, like Airbnbs, to apply for a building permit in a bid to tackle anti-social behavior and the housing shortage.

– American interest in British defense companies intensified after an Ohio-based company attempted to snatch a £ 6.3bn (£ 8.74bn dollars) from British aerospace supplier Meggitt.

Sky News

– Marshmallow Financial Services finalizes deal that will see it become the latest addition to the ranks of UK fintech unicorns, valuing the company at $ 1.2 billion.

– The John Lewis partnership announces the creation of 500 new jobs by taking control of a massive distribution center to meet an expansion in online sales.

The independent

– Self-isolation for fully vaccinated people who come in contact with someone who tests positive for COVID-19 will end on August 16, the UK government said.

($ 1 = 0.7211 pounds) (Compiled by Bengaluru Newsroom)

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