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PRESS DIGEST- Financial Times - May 16
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PRESS DIGEST- Financial Times - May 16
May 15, 2024 9:02 PM

May 16 (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

- UBS chief Sergio Ermotti criticises Swiss regulators over

Credit Suisse

- Eurostar plans up to 50 new trains and more services to

tap 'huge' demand

- Glencore ( GLCNF ) chief backs South Africa as Anglo takeover battle

rages

- Axing northern leg of HS2 will stunt UK growth, says

official adviser

Overview

- UBS's CEO lamented the perception that the lender

is too big for Switzerland and pushed back against the need for

tougher regulation at an event held at the University of Zurich

on Wednesday.

- Eurostar plans to buy up to 50 new trains and is

considering launching more international routes from London to

take advantage of "huge demand" for rail travel across Europe.

- Glencore ( GLCNF ) chief executive Gary Nagle issued a

robust defence of South Africa's mining sector as speculation

continued that the Swiss commodity house could yet mount a rival

bid for all or part of Anglo American.

- Axing the northern leg of High Speed 2 will stunt growth

in Britain's biggest regional cities unless alternative rail

capacity is built, the government's top infrastructure adviser

has warned, as it forecast soaring demand on the route over the

next two decades.

(Compiled by Bengaluru newsroom)

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