Press Digest: Financial Times - July 15

Lucid

15/07/2026 03:38

July 15 (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
- BP cuts net debt after Iran war drives oil price surge
- ECB recruits digital euro critics for pilot
- Brussels to propose easing banks' capital requirements
- Lucid brings in turnaround advisers as EV sales slump


Overview
- BP BP.L has cut its net debt by up to 13% after getting a boost to its profits from higher prices of oil and refined products connected to the Iran war. 

- The ECB said that Germany's Deutsche Bank DBKGn.DE and DZ Bank, alongside France's Groupe BPCE, were among 36 companies selected to help test the digital currency next year.

- The European Commission will this week propose to lower capital requirements for some banks as Brussels moves to follow loosening of regulation in the US and the UK.

- Lucid LCID.O has brought in consultants to help revive the struggling Saudi-owned electric-car maker but denied reports that the advisers had "recommended bankruptcy". 
     
     

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