PRESS DIGEST- Financial Times - June 9

- The UK will introduce a floor for the country's oil and gas windfall tax, as it seeks to boost investment in the North Sea, although the exact minimum price level was unclear for now. - CAB Payments Holdings, a specialist in business-to-business cross-border payments across emerging markets, is seeking a London stock market listing to broaden its ownership and accelerate its growth, the company said on Thursday.


Reuters | Updated: 09-06-2023 07:01 IST | Created: 09-06-2023 07:01 IST
PRESS DIGEST- Financial Times - June 9

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

- Biden and Sunak unveil 'Atlantic declaration' to strengthen economic ties - UK banks must pass on interest rate rises to savers, say MPs

- UK set to introduce floor for oil and gas windfall tax - CAB Payments announces plans to pursue London listing

Overview - U.S. President Joe Biden and British Prime Minister Rishi Sunak said Thursday their countries would partner on advanced technologies, clean energy and critical minerals as they strengthen a historical security alliance.

- Major banks must pass on benefits of higher UK interest rates to customers, a top parliamentary watchdog said on Thursday. - The UK will introduce a floor for the country's oil and gas windfall tax, as it seeks to boost investment in the North Sea, although the exact minimum price level was unclear for now.

- CAB Payments Holdings, a specialist in business-to-business cross-border payments across emerging markets, is seeking a London stock market listing to broaden its ownership and accelerate its growth, the company said on Thursday. (Compiled by Bengaluru newsroom)

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

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