Press Digest: Financial Times - October 19
PRESS DIGEST-Financial Times - October 19 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Headlines
- Microsoft pulls plug on Nscale data centre deal
- City of London weighs tax rises and service cuts to plug £70 million budget hole
- Latvia calls for visa ban on Russians
- Trump endorses Netanyahu ahead of Israeli elections
Overview
- Microsoft MSFT.O has pulled out of a deal to lease computing capacity from UK start-up Nscale after it emerged that the neocloud's Essex data centre would be unlikely to have a power supply until after 2030
- The City of London Corporation is considering tax rises and cuts to services as the governing body for the Square Mile tackles an expected £70 million($93.30 million) budget shortfall
- Latvian prime minister has called for EU countries to stop issuing tourist visas to Russians as a means to prevent future "hybrid" threats, as Moscow escalates pressure on the bloc through non-conventional warfare
- US President Donald Trump has endorsed Prime Minister Benjamin Netanyahu nine days before parliamentary elections in Israel
($1 = 0.7503 pounds)
(Compiled by Bengaluru newsroom; Editing by Ronojoy Mazumdar)