Financial Times - Aug 30
Aug 30 (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
- Starmer warned he cannot sidestep Brussels in bid to reset UK-EU relations
- Shell to cut 20% of workers in oil and gas exploration units
- Elon Musk's X braced for ban in Brazil amid fight with judge
- Thyssenkrupp Steel executives quit amid tension over Kretinsky approach
Overview
- Keir Starmer cannot sidestep Brussels as he seeks to improve the UK's post-Brexit ties with the European Union, officials in the bloc have warned after the British prime minister's trips to Berlin and Paris.
- Shell SHEL.L is planning to cut a fifth of its workforce in two oil and gas exploration divisions, as a cost-cutting drive by chief executive Wael Sawan reaches its core upstream business.
- Elon Musk's X said it expects to be banned in Brazil after refusing to meet a 24-hour deadline to name a legal representative in the country.
- Bernhard Osburg, the head of Thyssenkrupp's TKAG.DE steel division has announced his departure as internal tensions over the future of Germany's largest producer of the metal have broken out in public during a takeover attempt by Czech billionaire Daniel Kretinsky.
(Compiled by Bengaluru newsroom)
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