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PRESS DIGEST- Financial Times - Sept 24
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PRESS DIGEST- Financial Times - Sept 24
Sep 29, 2024 7:12 AM

Sept 24 (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

Keir Starmer to argue tough decisions are needed for UK

'national renewal'

Olaf Scholz says Germany opposes a Commerzbank takeover

Six English water companies accused of overcharging

customers by up to £1.5bn

CMA CGM to pursue further acquisitions after Brazilian port

operator deal

US prepares to sue Visa for alleged anti-competitive

behaviour

Overview

Keir Starmer will warn that difficult times lie ahead for

the UK as he tries to tackle an array of deep-seated challenges

facing his government, but will insist that tough decisions

taken now will lead to "national renewal".

German Chancellor Olaf Scholz has come out against a

UniCredit takeover of Commerzbank after the

Italian lender said it was raising its stake from about 9% to

21%.

Six water companies in England have been accused of

overcharging customers between 800 million pounds ($1.07

billion) and 1.5billion pounds by under-reporting the full scale

of their sewage pollution.

CMA CGM has said it will pursue more acquisitions despite

the spectre of higher taxes on large companies in its home

market, as the French shipping group announced a $1.1bn

investment in a Brazilian port terminal operator.

The US Department of Justice is preparing to file an

antitrust lawsuit against Visa, accusing the payments

company of anti-competitive behaviour.

($1 = 0.7497 pounds)

(Compiled by Bengaluru newsroom)

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