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PRESS DIGEST- Financial Times - Oct. 4
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PRESS DIGEST- Financial Times - Oct. 4
Oct 4, 2024 3:20 AM

Oct 4 (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

UK pledges 22 bln pounds in funding for carbon capture and

storage projects

Reeves raises hopes of investment surge as she attacks Tory

plans

UK drivers have 'no fiscal incentive' to buy EVs, warn

carmakers

Anglo American chief says not 'inevitable' buyer will emerge

after group slims down

Overview

The UK government has announced up to 21.7 billion pounds

($28.49 billion)of support to get the country's first carbon

capture and storage projects up and running, in a big moment for

the nascent industry but one which highlights the costs

involved.

Rachel Reeves has attacked her predecessor for cutting back

on planned investment as she cleared the way for billions of

pounds of extra capital spending in this month's budget.

British car buyers have "no fiscal incentive" to buy

electric cars, the UK's auto industry has warned chancellor

Rachel Reeves, as it called for tax cuts to spur the EV market

and help carmakers avoid paying crippling fines.

The chief executive of Anglo American on Thursday

said it is not "inevitable" a new buyer for the group will

emerge after it has sold off four major parts of its business

following BHP's failed 39 billion pounds ($51.21

billion) takeover attempt.

($1 = 0.7616 pounds)

(Compiled by Bengaluru newsroom)

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