October 13, 2019 / 11:43 PM / 2 months ago

PRESS DIGEST- Financial Times - Oct 13

Oct 13 (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

SoftBank in talks to take control of WeWork amid cash crunch on.ft.com/2OKdocL

Revolut looks to raise $1.5 bln to expand worldwide on.ft.com/2MBW470

Global regulators put pressure on Libra with enhanced scrutiny on.ft.com/2OJv4Ff

Overview

Japan’s SoftBank Group Corp in talks to take control of shared office space company WeWork amid cash crunch.

Britain’s fintech company Revolut is seeking to raise as much as $1.5 billion in additional financing as the payments and banking start-up prepares for global expansion.

Facebook Inc’s Libra project is under further pressure as global regulators step up a scrutiny of its troubled cryptocurrency project.

Compiled by Bengaluru newsroom

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