Financial Times - Sept 4
Sept 4 (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
- SNP unveils 500 million pounds of cuts as it warns of 'new era of austerity' for Scotland
- France's Total pursues Adani ties with new solar investment
- UK regulator to slash maximum fraud losses banks are forced to cover
- Chelsea FC co-owner Clearlake buys private credit business from Natixis
Overview
- Scotland's finance secretary has announced 500 million pounds ($655.40 million) of spending cuts to ease "enormous pressure" on the devolved administrations' budget, after she warned of a "whole new era of austerity" caused by the government in Westminster.
- French oil and gas major TotalEnergies TTEF.PA has struck a new deal with a green energy division of Indian billionaire Gautam Adani's conglomerate and will invest $444 million in a joint portfolio of solar power projects.
- UK regulators are set to dramatically scale back a new regime that would have forced banks and payment companies to reimburse fraud victims up to 415,000 pounds, after strong pressure from ministers and fintech firms.
- Clearlake Capital has struck a deal to buy an investment unit from Natixis BFCEp.PA that will push the private equity firm into the burgeoning private credit industry, as asset managers jostle for an entry point in the fast-growing space.
($1 = 0.7629 pounds)
(Compiled by Bengaluru newsroom)
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