Financial Times - Aug 21
Aug 21 (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
- BT suffers blow as Sky opts for CityFibre’s network in broadband deal
- UK chancellor plans to raise social rents to boost affordable housebuilding
- UK to hire 100 intelligence officers in push to return more failed asylum claims
- EU to hit Teslas imported from China with 19% tariffs
- US judge throws out FTC’s ban on non-compete agreements
Overview
- BT BT.L has suffered a blow after British TV company Sky chose rival network provider CityFibre as its second broadband partner while the two telecoms groups compete to roll out full fibre across the country.
- UK chancellor Rachel Reeves is planning to raise social rents by more than inflation for the next 10 years in an attempt to boost the building of affordable homes.
- British Prime Minister Keir Starmer’s government is hiring 100 specialist intelligence officers and plans to expand the immigration detention estate as part of a drive to increase returns of failed asylum seekers to levels last seen in 2018
- Brussels plans to hit Tesla TSLA.O cars imported into the EU from China with tariffs of 19%, a lower rate than those for Chinese electric-vehicle makers.
- A US judge has blocked the Federal Trade Commission’s ban on non-compete agreements, saying the regulator lacked the authority to stop agreements that bar employees from getting new jobs at rival firms.
(Compiled by Bengaluru newsroom)
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