PRESS DIGEST-British Business - March 30
March 30 (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
Howard Schultz, the former boss of Starbucks, has defended himself and the coffee chain against allegations of "union busting" at a U.S. Senate committee hearing in Washington. The pensions industry watchdog has come under pressure from the Bank of England to clamp down on the leveraged funds at the heart of the autumn meltdown in bond markets.
The Guardian
Roman Abramovich secretly funded the takeover of Vitesse Arnhem and bankrolled it for years during the period that he also owned Chelsea, leaked documents appear to show.
Twitter has reversed course on plans to limit presence on its "for you" timeline to paying users only, with Elon Musk claiming he "forgot to mention" that other users would be visible as well.
The Telegraph
Britain is poised to join an Indo-Pacific trade pact in a significant post-Brexit coup as the economy pivots away from the European Union.
Adidas has dropped a legal challenge to Black Lives Matter in a row over the political group's logo.
Sky News
The union representing Royal Mail's frontline staff is on the verge on announcing new strike dates, Sky News understands, should a final push to end their long-running dispute fail.
Michael O'Leary, the chief executive officer of Ryanair , said air fares could rise between 10% and 15% this year but are unlikely to increase more than 20%.
The Independent
Swiss bank UBS has reappointed its former boss, Sergio Ermotti to lead the takeover of Credit Suisse after it rescued the beleaguered rival lender.
(Compiled by Bengaluru newsroom)
