Financial Times - Sept. 17
Sept 17 (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
- Intel outlines plans to cut costs and boost chip business in turnaround push.
- Alison Rose joins Mishcon de Reya to advise on diversity and inclusion.
- BP puts $2 bln US onshore wind business up for sale
- EU plans to raise up to 40 bln euros in loans for Ukraine without U.S.
Overview
- Intel INTC.O unveiled cost-cutting and restructuring measures, including a two-year pause on planned chip plants in Germany and Poland, as chief executive Pat Gelsinger seeks to turn around the chipmaker's flagging fortunes.
- Former NatWest NWG.L CEO Alison Rose has joined Mishcon de Reya as an advisor, the British law firm said on Tuesday, with a focus on its equity, diversity and inclusion strategy.
- BP BP.L has put bp Wind Energy, its onshore wind business in the U.S., estimated to be worth $2 billion, up for sale as it trims its renewables business and sells off underperforming assets.
- The European Union is preparing to provide up to 40 billion euros ($44.50 billion) in new loans for Ukraine by the end of the year regardless of U.S. participation, after a G7 plan to use frozen Russian assets to aid Kyiv faltered.
($1 = 0.8990 euros)
(Compiled by Bengaluru newsroom)
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