PRESS DIGEST- Financial Times - April 3

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

- UK government refuses public inquiry into bankrupt Essex council - Heathrow executive recruited to lead Royal Mail turnaround effort

- European airlines cut back Asia routes as Gulf carriers offer cheaper flights Overview

- The UK government has rejected a request for a public inquiry into the bankruptcy of Thurrock council in Essex, forestalling a potential wider probe into systemic failures in oversight and funding of local authorities across England. - International Distributions Services, the owner of Royal Mail has appointed Heathrow Airport's chief operating officer to run the UK's legacy mail-delivery company, after nine months of seeking to fill the post.

- European airlines have cut back on routes to Asia since the pandemic, bowing to tough competition from state-backed Middle Eastern carriers that have convinced passengers to fly via their hub airports with cheaper fares. (Compiled by Bengaluru newsroom)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)