Financial Times - Nov. 5
Nov 5 (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
- Anglo American to offload Australian coal mining stake for $1.1 bln
- Bank of England expected to cut interest rates despite looser fiscal policy
- UK MPs plan to grill Shein boss over labour practices
- UK government aims to ban smoking outside schools and hospitals
Overview
- Anglo American AAL.L agreed to sell a 33.3% stake in a joint venture that owns a 70% interest in the Jellinbah East and Lake Vermont steelmaking coal mines in Australia, for A$1.6 billion ($1.05 billion).
- The Bank of England is expected to vote for its second interest rate cut this year despite predictions that Rachel Reeves' Budget will boost near-term demand.
- British lawmakers could question executives of online fast-fashion group Shein on workers' rights as early as January, ahead of a possible London listing, according to the head of a parliamentary committee.
- The British government plans to ban smoking outside schools, hospitals and playgrounds as a way of reducing the pressure on the state-run National Health Service and the cost to taxpayers.
($1 = 1.5191 Australian dollars)
(Compiled by Bengaluru newsroom)
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