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PRESS DIGEST- Financial Times - Feb 19
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PRESS DIGEST- Financial Times - Feb 19
Feb 18, 2025 6:05 PM

Feb 19 (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 watchdog changes tack and provisionally approves $570

million travel deal

- AstraZeneca ( AZN ) hit with US class action lawsuit over China

regulatory probes

- UK Treasury rejects farmers' inheritance tax compromise

- Saudi Arabia's PIF seeks to evict Benko family from

Innsbruck mansion

Overview

- The UK's competition watchdog has provisionally cleared a

$570 million deal between U.S.-listed American Express Global

Business Travel and rival CWT, in an unusual reversal

of an earlier decision, as the regulator comes under government

pressure to promote economic growth.

- AstraZeneca ( AZN ) has been hit with a U.S. class action

lawsuit that claims the UK's largest listed company misled

shareholders in connection with investigations by Chinese

authorities.

- The UK Treasury has refused to entertain a compromise put

forward by farming groups to soften the impact of UK inheritance

tax reforms on the agricultural sector, despite growing pressure

to reconsider the policy.

- Saudi Arabia's sovereign wealth fund has demanded the

eviction of the family of bankrupt European property tycoon Rene

Benko from their palatial home in Innsbruck, as it seeks to

recover millions in losses from the collapse of the Signa Group.

(Compiled by Bengaluru newsroom)

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