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Press Digest: Financial Times - August 21

PRESS DIGEST-Financial Times - August 21

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

Headlines

- Brazilian municipalities join BHP and Vale dam collapse payout scheme

- Founder who blamed $300 million fraud on head injury sentenced to prison

- John Healey warned to limit Budget borrowing amid bond sell-off

- Ukraine seeks Musk's help to hit Russian missile launchers

Overview

- The compensation agreement with miners BHPBHP.AX, Vale VALE3.SA and Samarco for the Mariana dam collapse in 2015 has been joined by 19 new cities, including the one that was the epicenter of the disaster, a Brazilian court said on Thursday.

- Fashion tech entrepreneur Christine Hunsicker, who argued that she committed a near $300 million fraud in part because a mirror fell on her head, has been sentenced to five years in prison.

- British Chancellor John Healey has been warned by investors and analysts not to relent in efforts to reduce the UK's fiscal deficit in his first Budget, given the increasingly tumultuous mood in global bond markets.

- Ukraine is seeking approval to use Starlink-equipped drones against ballistic missile launchers up to 200 kilometers inside Russia as Kyiv faces a severe shortage of air-defence interceptors.



(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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