PRESS DIGEST- Financial Times - Oct. 25

Reuters | Updated: 25-10-2021 05:53 IST | Created: 25-10-2021 05:53 IST
PRESS DIGEST- Financial Times - Oct. 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

- Sunak prioritises NHS, skills and levelling up in Budget windfall - UniCredit walks away from rescue of Monte dei Paschi

- Evergrande resumes work on projects in southern China - Sunak not planning big economic restrictions to deal with Covid

Overview - British finance minister Rishi Sunak will use this week's budget to shore up UK's fragile public finances, while focusing remaining resources on the NHS, skills and helping hard-pressed families.

- Italian government and UniCredit have called off negotiations over the sale of ailing Banca Monte dei Paschi , after attempts to reach a deal over a costly recapitalisation fell through. - China Evergrande Group, the Chinese property developer battling high debt, said on Sunday it had resumed work on more than 10 projects in Shenzhen, Dongguan and other cities and that all would be carried out according to plan.

- Rishi Sunak on Sunday insisted that the government was not planning "significant economic restrictions" to deal with coronavirus this winter. (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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