PRESS DIGEST- Financial Times - Dec 16

- The UK is drawing up plans to turn London into a rival for Singapore as a hub for shipping companies to register their vessels following the end of the Brexit transition period, according to people briefed on the proposals. - BP's former finance chief Brian Gilvary is set to take a senior position at Ineos, ending speculation he could become Rio Tinto's next chief executive.

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

- Facebook to put UK data under U.S. purview after Brexit https://on.ft.com/389LLlg - Boris Johnson under pressure to rethink Christmas mixing rules https://on.ft.com/3aglWTa

- UK draws up plans to rival Singapore with post-Brexit shipping regime https://on.ft.com/2WfWQMh - BP's former finance chief poised for Ineos role https://on.ft.com/3gSCB0z

Overview - Facebook will shift oversight of data belonging to its British users from Ireland to the United States, moving it out of the purview of EU privacy regulators after Brexit.

- Boris Johnson has come under renewed pressure to reverse the planned relaxation of coronavirus restrictions over Christmas, as leaders from the devolved nations agreed to continue talks on a UK-wide approach to the festive season. - The UK is drawing up plans to turn London into a rival for Singapore as a hub for shipping companies to register their vessels following the end of the Brexit transition period, according to people briefed on the proposals.

- BP's former finance chief Brian Gilvary is set to take a senior position at Ineos, ending speculation he could become Rio Tinto's next chief executive. (Compiled by Bengaluru newsroom)