PRESS DIGEST- Financial Times – Sept 23
The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
* Activist investor TCI sets out plan for VW bonus structure
* Maersk conglomerate to break up
* ‘State-sponsored actor’ stole data from 500m Yahoo users
* Li Ka-shing assembles bid for National Grid’s 11 bln
pounds gas business (on.ft.com/2d4HFPe)
* WTO gives Boeing lift with Airbus ruling
* Instagram doubles advertisers in six months
* Volkswagen should reduce the “huge sums of
money” paid to executives and any bonuses should be given in
shares, activist investor TCI Fund Management said.
Danish shipping and oil conglomerate AP Moller-Maersk
said on Thursday it will separate its businesses
into transport and energy divisions in a bid to better tackle
the problems facing its struggling businesses.
Computer hackers swiped personal information from at least
500 million Yahoo accounts in what is believed to be the biggest
digital break-in at an email provider.
Hong Kong billionaire Li Ka-shing is preparing to bid for a
majority stake in British electricity grid operator National
Grid Plc’s gas distribution unit.
The World Trade Organization on Thursday said the European
Union had failed to rein in billions of dollars in subsidies to
planemaker Airbus, prompting Washington to call for an
immediate halt to support that it says hit U.S. jobs
Facebook Inc’s Instagram said its advertising base
more than doubled to 500,000 in the last six months.
(Compiled by Shivam Srivastava in Bengaluru)