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PRESS DIGEST-Financial Times - Aug 6
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PRESS DIGEST-Financial Times - Aug 6
Aug 5, 2024 8:51 PM

Aug 6 (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

- Glencore ( GLCNF ) ordered to pay $152 million to resolve Swiss

bribery probe

- Mars in talks to buy $22 billion Pringles maker Kellanova ( K )

- Continental considers floating its core automotive

business

- Elon Musk files new lawsuit against OpenAI and Sam Altman

- EU capitals set to back tariffs on Chinese electric cars,

trade chief says

Overview

- Glencore ( GLCNF ) has been ordered by Swiss authorities to

pay about $152 million as a fine and compensation, resolving a

four-year investigation in relation to the alleged bribery of a

Congolese public official by a business partner in 2011.

- Mars, the candy, food and petcare conglomerate, is in

talks to buy Pringles and Pop-Tarts maker Kellanova ( K ), in

what would be one of the year's biggest takeovers.

- Continental is considering splitting the company

by listing its core automotive division, as one of Europe's

largest suppliers to the car industry continues to struggle with

stagnant demand in the sector.

- Elon Musk has filed a new lawsuit against OpenAI and its

chief executive Sam Altman, reviving his claim that the

artificial intelligence (AI) start-up he co-founded backtracked

on its mission to benefit humanity when it signed a commercial

partnership with Microsoft ( MSFT ).

- EU member states are likely to support the imposition of

proposed tariffs on Chinese electric vehicles in November,

according to Valdis Dombrovskis, the European commissioner for

trade.

(Compiled by Bengaluru newsroom)

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