Top Business Headlines: US Eases Tech Curbs, UK Train Operator Scandal, First Auditor Censure

The Financial Times reports key stories including the US easing tech restrictions for the Aukus security pact, wrongful prosecution by six UK train operators for fare evasion, Baker Tilly unit facing FCA's first auditor censure, and former Credit Suisse risk chief Lara Warner joining Starling Trust.

The U.S. State Department has informed Congress that Australia, Britain, and the U.S. now have comparable export-control regimes, enabling technological collaboration under the Aukus defense pact.

In a significant legal ruling, six UK train operators were found to have wrongfully prosecuted passengers for fare evasion, potentially affecting up to 75,000 convictions.

In a landmark move, Baker Tilly's unit has received the first auditor censure from the Financial Conduct Authority for inadequate client asset reports.

Meanwhile, Lara Warner, former Credit Suisse risk chief, has joined the regulatory advisory group Starling Trust, following her departure after the Greensill and Archegos crises.

(With inputs from agencies.)