PRESS DIGEST- Financial Times - Dec 22

22 Dec 2020 / 09:28 H.

    Dec 22 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.


    - Ryanair cancels UK routes in dispute with regulator

    - SoftBank launches SPAC and may buy one of its own investments

    - UK debt office pushes back after MP scrutiny of government bond sales

    - More areas of England set to enter tier 4 in race to curb new strain


    - Ryanair Holdings Plc has cancelled 12 international and domestic United Kingdom routes, following a disagreement with UK Civil Aviation Authority (CAA), the regulator that the company said left operation of the flights "impossible" ahead of Brexit.

    - SoftBank Group Corp has filed to raise up to $604 million through a blank-check company, saying the vehicle could acquire a business the Japanese conglomerate has previously invested in via its $100 billion Vision Fund.

    - The UK's Debt Management Office has defended one of its main ways of financing the government's spending after Mel Stride, a Conservative MP that chairs Parliament's Treasury select committee, questioned whether it was harming taxpayers.

    - More areas of England are likely to enter the highest level of tier 4 restrictions in the new year as the country braces for the spread of the new strain of coronavirus, Patrick Vallance, the government's chief scientific adviser has said.

    (Compiled by Bengaluru newsroom)

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