Press Digest: Financial Times - July 12

VMware

12/07/2023 01:00

July 12 (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
    - Hunt orders ministers to find 2 bln stg savings for public
sector pay rises
    - UK ministers intervene in 8 deals involving China-linked
investment
    - US judge denies FTC attempt to block Microsoft's
Activision deal
    - EU set to clear Broadcom's $69bn acquisition of VMware
    - BBC crisis deepens with new allegations against presenter
    
    Overview
    - British chancellor Jeremy Hunt has ordered ministers to
find over 2 billion pounds ($2.59 billion) of savings to fund 6%
public sector pay rises this year, as he prepares to hold crunch
talks with Rishi Sunak on the matter.
    - UK ministers used national security powers to intervene in
eight transactions involving Chinese-linked investment in
British companies in the past year, underlining their concern
over the potential for Beijing to gain influence over vital
industries.
    - Microsoft   MSFT.O  has moved closer to securing its $75bn
purchase of Activision Blizzard   ATVI.O  after a U.S. federal
judge rejected the Federal Trade Commission's attempt to halt
the deal and the UK's competition watchdog signalled it was open
to discussing a merger it had previously rejected.
    - EU regulators are set to clear Broadcom  AVGO.O  $69
billion acquisition of cloud software company VMware  VMW.N ,
leaving competition authorities in the UK and US as holdouts to
finalising one of the biggest tech takeovers.
    - The crisis engulfing the BBC deepened on Tuesday after new
allegations of abusive behaviour by a top presenter already
accused of paying money for explicit pictures of a young person.

     ($1 = 0.7730 pounds)

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