PRESS DIGEST- Financial Times - Sept 25

Headlines - Lego ditches oil-free brick in sustainability setback - Italy waters down bank windfall tax - Top EU energy official says US gas will be needed for decades - Rishi Sunak faces backlash over potential axing of HS2's northern leg Overview - Danish toymaker Lego abandoned its effort to ditch oil-based plastics from its bricks after finding that its new material led to higher carbon emissions. - Italy is further diluting its windfall tax on banks with a new clause giving lenders an alternative to paying the levy.


Reuters | Updated: 25-09-2023 05:33 IST | Created: 25-09-2023 05:33 IST
PRESS DIGEST- Financial Times - Sept 25

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

- Lego ditches oil-free brick in sustainability setback - Italy waters down bank windfall tax

- Top EU energy official says US gas will be needed for decades - Rishi Sunak faces backlash over potential axing of HS2's northern leg

Overview - Danish toymaker Lego abandoned its effort to ditch oil-based plastics from its bricks after finding that its new material led to higher carbon emissions.

- Italy is further diluting its windfall tax on banks with a new clause giving lenders an alternative to paying the levy. - Europe will have to rely on U.S. fossil fuels for decades to come as it races to diversify from Russian natural gas and scale up its renewables sector to boost energy security, the director general of the EU Commission's energy department said.

- British Prime Minister Rishi Sunak is facing a renewed backlash from Conservative and Labour party politicians, business executives and university leaders after the government refused to rule out scrapping Britain's High-Speed Rail 2 project beyond Birmingham. (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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