Financial Times - Sept. 18
Sept 18 (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
- US delays decision on Nippon Steel's $15bn takeover of US Steel
- EU competition chief warns against weakening rules to create champions
- Guardian in talks to sell the Observer newspaper to Tortoise Media
- UK plans shake-up of welfare system to tackle working-age inactivity
Overview
- The US government has extended its national security review of Nippon Steel's 5401.T proposed $15 billion acquisition of US Steel X.N, in a surprise move given that the deal had been opposed by Joe Biden and Kamala Harris.
- The EU risks opening a "Pandora's box" by loosening its merger rules, Brussels' outgoing competition chief Margrethe Vestager has warned, after her successor was appointed with a brief to be "more supportive of companies scaling up".
- Britain's Guardian Media Group is in exclusive talks to sell The Observer, the world's oldest Sunday newspaper, to start-up Tortoise Media.
- UK jobcentres will spend less time policing the benefits system and more time helping people to find work, under government reforms aimed at raising the employment rate to the highest in the G7.
(Compiled by Bengaluru newsroom)
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