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Press Digest: Financial Times - August 26

PRESS DIGEST-Financial Times - August 26

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

Headlines

  • SpaceX commits $100 billion to Louisiana space base

  • Sizewell C nuclear project suffers setback after road building delayed

  • Waymo picks Munich for first EU robotaxi launch

  • Aston Martin creditors file for information ahead of UK suit against carmaker

Overview

  • SpaceX SPCX.O has confirmed plans to build a $100 billion launch site in Louisiana for its Starship rocket as Elon Musk's company plans to expand its operations to support its vision of orbital data centres and flights to the Moon and Mars.

  • Construction of two key access roads for Britain's Sizewell C nuclear power station has been delayed, and the main contractor replaced, in a setback at one of the UK's biggest infrastructure projects.

  • Self-driving technology company Waymo said it would begin testing its autonomous vehicles in Munich in the coming weeks, laying the groundwork for a commercial ride-hailing service in Germany that it aims to launch toward the end of 2027.

  • Members of a creditor group owed £1.3 billion ($1.77 billion) by Aston Martin AML.L have filed for discovery to obtain information about a contentious £550 million financing deal involving BlackRock-backed BLK.N private credit firm HPS, as they prepare for legal action against the luxury-car maker.

($1 = 0.7330 pounds)


(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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