May 24, 2017 / 12:21 AM / 7 months ago

PRESS DIGEST- Financial Times - May 24

May 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.


- UK raises terror threat after Manchester suicide bombing

- Glencore makes ‘informal’ takeover approach to rival Bunge

- U.S. files suit against Fiat Chrysler alleging emissions violations

- Uber pays millions in back-payments to New York drivers


- Theresa May raised the UK’s ­terror threat level from “severe” to ­“critical”, after police identified the suicide bomber who killed 22 people, including children, in Monday night’s Manchester attack as Salman Abedi.

- Glencore’s agriculture arm has approached its rival Bunge about a possible takeover. The company said its agriculture unit “has made an informal approach to Bunge Limited regarding a possible consensual business combination”.

- The U.S. government filed a lawsuit against Fiat Chrysler accusing it of using software to violate emissions controls. The lawsuit alleged that the carmaker failed to disclose “defeat devices”, or auxiliary emissions controls, in 2014-16 Fiat Chrysler diesel vehicles.

- Uber is paying tens of millions of dollars in back-payments to drivers in New York. It had been overcharging them for over 2-1/2 years and each driver will now get $900 on average back.

Compiled by Bengaluru newsroom; Editing by Peter Cooney

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below