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Press Digest: Financial Times - October 9

PRESS DIGEST-Financial Times - October 9

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

Headlines

- EasyJet doubles winter flight cuts amid rising costs

- UK investors face three-month wait to recoup money from property funds

- Deloitte fined £6 million for audit failures at Southeastern rail operator

- Microsoft banned from sponsoring foreign workers for US residency


Overview

- EasyJet EZJ.L will cut another 700,000 seats from its winter flight schedule to save on fuel, as the low-cost airline steps up efforts to curb costs during the industry's lean season.

- Investors in funds focused on property, infrastructure and private companies will be forced to wait three months to withdraw their money under new rules proposed by UK's financial regulator.

- The UK accounting regulator has fined Deloitte £6 million ($7.95 million) for "a highly concerning pattern of failure" in its audits of rail and transport operator Go-Ahead across five years.

- US president Donald Trump's administration has temporarily banned Microsoft MSFT.O, Adobe ADBE.O and several other tech companies from sponsoring workers for permanent US residency, claiming they have abused immigration programmes at the expense of American citizens.


($1 = 0.7552 pounds)


(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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