Press Digest: Financial Times - October 21

Meta Platforms

Yesterday 03:28

Oct 21 (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
-SpaceX and Tesla boards explore potential merger
-Joel Kaplan to step down as Meta global affairs chief
-UK to approve development of Jackdaw gasfield in North Sea
-Flutter to cut more than 1,000 jobs after UK gambling tax raid
     
Overview
-Elon Musk said that SpaceX SPCX.O and Tesla TSLA.O are considering a deal for a merger and that they had formed special committees to discuss a union, floating a sprawling conglomerate oriented around AI and potentially worth more than $3 trillion. 
-Meta Platforms' META.O  chief global affairs officer Joel Kaplan will leave the company next year after 15 years there, with Meta yet to name a successor to Kaplan.
-The British government will approve the development of a the Jackdaw gas field in the UK North Sea, with energy secretary Miatta Fahnbulleh and chancellor John Healey set to announce the go-ahead on a trip to Aberdeen. 
-Betting giant Flutter Entertainment FLUT.N plans to cut up to 1,400 jobs across its UK and Ireland business, blaming a sharp increase in British gaming taxes that it said had fundamentally altered the economics of the regulated betting industry.
     
     

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