PRESS DIGEST- Financial Times - November 26

Reuters

Nov 26 (Reuters) - The following are the top stories in theFinancial Times. Reuters has not verified these stories and doesnot vouch for their accuracy.

Headlines

Europe unveils crackdown on cross-border tax "hybridschemes"

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EU accuses U.S. of improperly trawling citizens' online data

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Pressure builds for tougher UK bank reform

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China launches antitrust probe into Qualcomm

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Walmart names McMillon as new chief executive

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BlackBerry shakes up executive ranks

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Overview

Brussels unveiled proposals on Monday to plug tax loopholesand force multinationals to pay more in corporate taxes tomembers of the European Union.

European Commission is set to warn the United States onWednesday that its technology firms may lose exemption fromprivacy rules if Washington does not protect EU citizen's dataonline.

Chancellor George Osborne will face renewed demands to putin place stringent banking regulations as pressure amounts overcontroversies plaguing Royal Bank of Scotland, theCo-operative Bank and payday lenders.

Authorities in China have launched an antitrustinvestigation into U.S. mobile chipmaker Qualcomm. Thecompany however said it was not aware of any charge of breakingthe law by the regulators.

Walmart appointed company veteran Doug McMillon asthe fifth chief executive replacing Mike Duke. The announcementcomes at a time when the company is struggling with falling U.S.sales and bribery allegation in Mexico.

Blackberry's interim Chief Executive John Chen saidthe company's finance and operating chief along with the chiefmarketing officer would leave the company in a management rejig.

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