PRESS DIGEST-Financial Times - Nov 24

24 Nov 2020 / 08:51 H.

    Nov 24 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.


    - UK telecoms face huge fines for Huawei breaches

    - UK auction plan aims to double renewable energy capacity

    - Private equity groups close in on AA takeover bid

    - Willie Walsh set to be appointed head of IATA


    - Britain's telecoms companies could be fined up to 10% of turnover or 100,000 pounds ($133,210.00) a day if they contravene a ban on using equipment made by China's Huawei Technologies Co Ltd under a new law put forward on Tuesday.

    - UK ministers plan to double the capacity of renewable energy projects eligible for support in its next round of subsidy auctions.

    - AA Plc said on Monday it had received a proposal from Towerbrook Capital Partners and Warburg Pincus International regarding a possible cash offer of 35 pence a share.

    - Former IAG boss Willie Walsh will be nominated to succeed IATA Director General Alexandre de Juniac, who is stepping down in March, the global airline body said on Monday.

    ($1 = 0.7507 pounds) (Compiled by Bengaluru newsroom)

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