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Press Digest: Financial Times - May 27

PRESS DIGEST-Financial Times - May 27

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

Headlines

- UK imposes sanctions on crypto exchange tied to billionaire Justin Sun

- Brussels set to open in-depth probe into JD.com's takeover of Ceconomy

- BP removes chair Albert Manifold after claims of bullying

- Jeff Bezos's Blue Origin secures $468mn in Nasa Moon Base contracts


Overview

- The UK has imposedsanctions on Huobi, a crypto business tied to billionaire Justin Sun, among several entities it said were supporting Russia's financial sector in violation of measures put in place after the full-scale invasion of Ukraine.


- Brussels is set to launchan in-depth foreign subsidies investigation into Chinese ecommerce group JD.com's 9618.HK bid for German electronics retailer Ceconomy CECG.DE.


- BP BP.L has removedChairman Albert Manifold with immediate effect citing governance standards, oversight and conduct issues.


- NASA awardedcontracts to space firms including Jeff Bezos' Blue Origin and Astrolab to send robotic landers, rovers and drones to support the upcoming lunar exploration mission.


(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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