Press Digest: Financial Times - Oct 31

Altair Engineering

31/10/2024 03:14

Oct 31 (Reuters) - The following are the top stories in
the Financial Times. Reuters has not verified these stories and
does not vouch for their accuracy.
    
    Headlines
    - Siemens to buy simulation software group Altair for $10.6
bln
    - Authorities investigate fire at UK nuclear submarine
shipyard
    - Ikea to pay 6 mln euros to compensate for forced labour by
ex-prisoners in East Germany
    - Harvey Schwartz and Peter Mandelson quit Bank of London
board
    - AstraZeneca China president under investigation by Chinese
authorities
    
    Overview
    - Siemens  SIEGn.DE  will buy Altair Engineering  ALTR.O 
for $10.6 billion, as the German company seeks to strengthen its
presence in the fast-growing industrial software market.
    - Authorities are investigating the cause of a huge blaze
that broke out in the early hours at a BAE Systems  BAES.L 
shipyard in north west England that builds Britain's nuclear
submarines.
    - Swedish furniture retailer IKEA has agreed to pay 6
million euros ($6.51 million) to compensate former prisoners in
East Germany who were forced to work producing its furniture.
    - Bank of London announced that deputy chairman Peter
Mandelson and chairman Harvey Schwartz are leaving the board of
the fintech company.
    - AstraZeneca's  AZN.L  China president, Leon Wang, is under
investigation and is cooperating with Chinese authorities, the
company said.
 
 ($1 = 0.9218 euros)

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))