PRESS DIGEST-Financial Times - August 24

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

Scottish state bank records £138mn loss on back ‌of failed investments Treasury brings in expert to review business rates for UK pubs and hotels

Burnham to pledge support for long-range missile construction in Ukraine Trump accused ‌of risking more pain for Americans with Canada trade war

Overview Scotland's ‌state-backed development bank recorded a "challenging" net loss of 138 million pounds ($188.31 million), the fifth consecutive full-year loss since it was set up, driven by portfolio writedowns ⁠and ​the failure of ⁠five companies it had backed.

The Treasury is bringing in a "business rates guru" to review ⁠claims by the pub and hotel sector that they are being unfairly ​taxed, in the latest move by Andy Burnham's government to prop ⁠up town centres. Andy Burnham will on Monday travel to Kyiv on his ⁠first overseas ​visit as UK prime minister, with a promise to support the construction in Ukraine of long-range missiles capable of hitting targets ⁠in Russia.

U.S. President Donald Trump is facing a domestic backlash over the ⁠collapse of ⁠trade talks between the U.S. and Canada, as the countries' deteriorating relationship risks more financial pain for ‌Americans ahead ‌of midterm elections. ($1 = 0.7328 pounds) (Compiled ​by Bengaluru newsroom)