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PRESS DIGEST-British Business - Jan 28
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PRESS DIGEST-British Business - Jan 28
Jan 27, 2025 8:39 PM

Jan 28 (Reuters) - The following are the top stories on

the business pages of British newspapers. Reuters has not

verified these stories and does not vouch for their accuracy.

The Times

- The takeover of Harland & Wolff by the Spanish state-owned

shipbuilder Navantia has been completed in a deal expected to

secure more than 1,000 British jobs.

- More than $700 billion was wiped from the value of the

world's largest technology companies after the emergence of a

cut-price Chinese rival to ChatGPT raised doubts over whether

America can sustain its lead in artificial intelligence.

The Guardian

- Elon Musk's Tesla has filed a complaint against

the European Commission after the imposition of tariffs by the

bloc on its Chinese-made electric vehicles.

- Amazon ( AMZN ) is seeking permission to launch drones

from its warehouse in Darlington, County Durham, in the latest

step towards using the devices to deliver packages to homes.

The Telegraph

- HMV's billionaire owner, Doug Putman is considering a bid

for WH Smith's ( WHTPF ) high street business as the retailer

focuses on travel.

- Labour donor Dale Vince is in line for a 25-million-pound

($31.09 million) windfall after British green energy supplier,

Good Energy was snapped up by Dubai-based Esyasof.

Sky News

- One of Britain's biggest luxury boat manufacturer,

Fairline Yachts has collapsed into administration less than two

months after it was sold to new investors.

- Robotics firm BOW spun out of the University of Sheffield

will on Tuesday announce a 4-million-pound seed round led by

Northern Gritstone.

The Independent

- British Energy Secretary Ed Miliband has said any

expansion of Heathrow Airport or other aviation projects must

fall within the UK's carbon budget as he leads the push for net

zero.

- British Prime Minister Keir Starmer and Chancellor Rachel

Reeves are loosening the rules around how pension funds invest,

allowing them to plough surplus funds into the wider economy.

($1 = 0.8041 pounds)

(Compiled by Bengaluru newsroom)

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