PRESS DIGEST-British Business - June 7
June 7 (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
- Britain is seeking a military-style "economic alliance" with the U.S. to counter the rise of China and the threat of artificial intelligence.
The Guardian
- An ad campaign by Shell promoting its green initiatives has been banned for not telling consumers that most of its business is based on environmentally damaging fossil fuels such as petrol.
- The UK will explore ways to make obesity drugs more accessible to people outside hospital settings and cut NHS waiting lists in a new 40 million pound ($50 million) two-year pilot programme.
The Telegraph
- UK's National Audit Office has said that a wave of active travel measures, including controversial lower traffic neighbourhoods (LTNs), were rushed and poorly implemented.
Sky News
- Britain's biggest high street lender, Lloyds Banking Group , is lining up bankers to launch a 600 million pound ($745.74 million) auction of the Telegraph newspapers and the Spectator magazine within days amid a bitter row with the titles' long-standing owners.
The Independent
- Rishi Sunak has refused to say whether the government would re-establish contact with the Confederation of British Industry (CBI) after the scandal-hit trade body's members backed its reform plans.
($1 = 0.8046 pounds) (Compiled by Bengaluru newsroom)
