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PRESS DIGEST-Financial Times - March 4
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PRESS DIGEST-Financial Times - March 4
Mar 3, 2025 6:15 PM

March 4 (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

- US suspends military aid to Ukraine

- Adnoc and OMV announce deal to combine their petrochemical

assets

- BYD pledges to work with rival Tesla to combat petrol cars

- BAE chief in line for bonus boost under 'golden handcuffs'

pay deal

Overview

- Washington is pausing military aid to Ukraine days after

U.S. President Donald Trump clashed with Ukrainian President

Volodymyr Zelenskiy in the Oval Office.

- Abu Dhabi National Oil Company has sealed a deal to create

a $60 billion global plastics company after agreeing to combine

its petrochemical assets with those of Austria's OMV.

- China's leading electric-vehicle maker BYD has

pledged to work with rival Tesla to combat petrol cars,

while insisting that Beijing was "more open" to foreign business

than the west.

- BAE Systems CEO is in line for a total pay

package this year of up to 13.9 million pounds ($17.66 million)

under a new "golden handcuffs" deal, after the UK's biggest

defence contractor became the latest FTSE 100 company to push

for higher rewards among its senior ranks.

($1 = 0.7872 pounds)

(Compiled by Bengaluru newsroom)

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