PRESS DIGEST- Financial Times - Dec. 6

Reuters | Updated: 06-12-2023 05:38 IST | Created: 06-12-2023 05:38 IST
PRESS DIGEST- Financial Times - Dec. 6

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

- Binance's $4.3 bln fine was set high as a warning, says US regulator - Thames Water to be investigated over financial stability and dividends

- Brussels proposes 3-year delay to EV sales tariffs between UK and EU - James Cleverly signs new Rwanda treaty in effort to revive UK asylum plan

Overview - The $4.3 billion penalty levied on Binance by authorities last month was set at a high level to act as a deterrent to other groups, after the world's largest cryptocurrency exchange "simply failed to comply with regulation", a top U.S. financial regulator said.

- Britain's biggest water company Thames Water is facing fresh scrutiny from lawmakers and regulators over the state of its finances as Ofwat, the watchdog, on Tuesday said it was investigating a 37.5 million pounds ($47.23 million) dividend that the water company paid in October. - Europe's carmakers received a big boost after Brussels proposed a three-year delay to tariffs that were due to hit electric vehicle sales between the UK and EU from January 1.

- UK Home secretary James Cleverly signed a new asylum deal with Rwanda on Tuesday to revive the UK's troubled plan to send migrants to the African nation and head off criticism over the government's record on migration. ($1 = 0.7940 pounds) (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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