British Business - Aug 19
Aug 19 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
- Warner Bros Discovery WBD.O , the American media group, is offloading its stake in GB News, the loss-making channel, in a 60 million pounds ($71.45 million) funding round in which the two co-founders will sell their shares to existing investors. Link
- Liz Truss' plan to merge financial regulators would "solve nothing" and risks further undermining the quality of consumer protection, experts and campaigners have claimed. Link
The Guardian - The UK has blocked the takeover of an electronic design company Pulsic by a Hong Kong rival Super Orange HK over national security concerns, in the latest sign of growing British anxiety about Chinese investment. Link
Britain has expressed "concern" over a series of Israeli raids on Palestinian human rights groups which Israel claims support terrorism, as soldiers sealed entrance doors to offices and broke down the door of an Anglican church. Link
Apple AAPL.O has disclosed serious security vulnerabilities for iPhones, iPads and Macs, which could potentially allow attackers to take complete control of devices. Link
The state pension is set to surpass 10,000 pounds ($11,906.00) next year as older people receive a double-digit pay rise to keep up with soaring inflation. Link ($1 = 0.8397 pounds) ($1 = 0.8399 pounds) (Compiled by Bengaluru newsroom)
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