PRESS DIGEST- Financial Times - Feb 19

- The UK government will formally launch an 800 million pound ($1.12 billion) agency to back "high-risk, high-reward" scientific research on Friday. - The European Central Bank squashed Deutsche Bank AG's plans to increase its bonus pool by more than a third after the German bank posted a small profit for the first time in six years.

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines

- Sunak delays business rates review until autumn https://on.ft.com/2OUHNat - Robinhood chief apologises over GameStop affair https://on.ft.com/37rqrZc

- UK to launch £800 million science research agency https://on.ft.com/2M3pxdH - ECB squashes Deutsche Bank plans to raise bonus pool by a third https://on.ft.com/3bgvOeN

Overview - UK Finance Minister Rishi Sunak is set to announce on Friday a delay in the review of business rates until late this year.

- Online trading platform Robinhood's chief executive, Vlad Tenev, apologised for his company's role in the frenzy over trading in GameStop Corp shares, during a hearing in Washington. - The UK government will formally launch an 800 million pound ($1.12 billion) agency to back "high-risk, high-reward" scientific research on Friday.

- The European Central Bank squashed Deutsche Bank AG's plans to increase its bonus pool by more than a third after the German bank posted a small profit for the first time in six years. ($1 = 0.7156 pounds) (Compiled by Bengaluru newsroom)