PRESS DIGEST- Financial Times - Jan. 31

- Top European chipmaker Infineon is racing to hire more skilled workers in south and south-east Asia as the regions become increasingly important to the world's semiconductor and tech supply chains. - Corporate insolvencies in England and Wales rose to their highest level since 1993 last year, according to official figures that lay bare the challenges facing companies amid slowing demand and high production costs.

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

- CD&R's Morrisons sells petrol forecourts to sister company MFG for EUR 2.5 billion - Sky to cut about 1,000 jobs in UK in shift to digital streaming

- Europe's top chipmaker Infineon boosts hiring in India and Vietnam - Corporate insolvencies hit 30-year high in England and Wales in 2023

Overview - Private-equity owned UK supermarket chain Wm Morrison has agreed to a EUR 2.5 billion ($2.71 billion) deal to sell its petrol forecourt business to sister company Motor Fuel Group, in a move that will help Morrisons shore up its balance sheet.

- Sky is planning to cut about 1,000 jobs across its business in the UK this year as more customers switch to digital-only services and away from the traditional satellite dish that made the broadcasting giant's name. - Top European chipmaker Infineon is racing to hire more skilled workers in south and south-east Asia as the regions become increasingly important to the world's semiconductor and tech supply chains.

- Corporate insolvencies in England and Wales rose to their highest level since 1993 last year, according to official figures that lay bare the challenges facing companies amid slowing demand and high production costs. ($1 = 0.9221 euros) (Compiled by Bengaluru newsroom)