PRESS DIGEST-British Business - July 16
July 16 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
The Times
- European Union judges have struck down a Brussels competition ruling ordering Apple Inc to return more than 13 billion euros ($14.84 billion) in back taxes to Ireland. https://bit.ly/32o5g8u
- Dobbies Garden Centres has struck a deal to stock Sainsbury's food, four years after the business was sold by Tesco. https://bit.ly/30bS8AM
The Guardian
- The Treasury is reviewing a "radical" proposal for a new state-owned body that would manage 35 billion pounds of toxic coronavirus debt and help save up to 780,000 British businesses. https://bit.ly/2CfcyAL
- Buzz Bingo has announced plans to permanently close 26 halls in the United Kingdom with the potential loss of 573 jobs after its business was hit by the coronavirus pandemic. https://bit.ly/2CfmzOq
The Telegraph
- A mass Twitter Inc hack affected Barack Obama, Democratic presidential candidate Joe Biden, Apple Inc, Uber Technologies Inc and half a dozen cryptocurrency accounts on Wednesday. https://bit.ly/3j7zWRn
- Centrica, the owner of Britain's largest energy supplier British Gas, has issued an ultimatum to more than 21,000 staff, "accept new contracts or you could lose your jobs." https://bit.ly/2Wmp20e
Sky News
- Burberry Group Plc has announced plans to cut hundreds of jobs as the luxury brand plots a fightback from a collapse in sales at the height of the coronavirus crisis. https://bit.ly/2OvH7EV
- The rate of inflation rose unexpectedly in June because the coronavirus crisis delayed the usual summer sales season at fashion retailers, according to the UK's Office for National Statistics (ONS). https://bit.ly/2ZyumQ0
($1 = 0.8760 euros) (Compiled by Bengaluru newsroom)
