PRESS DIGEST-British Business – December 6


December 6 (Reuters) – The following are the main stories on the business pages of UK newspapers. Reuters has not verified these stories and does not guarantee their accuracy.

The temperature

– Anonymous investor cuts stake in Klarna and offers shares to UK small investors at a 5% discount from the $ 46 billion valuation Swedish “buy now, pay later” credit firm reached there six months ago. https://bit.ly/3DmCbJj

– Boris Johnson wants to restrict the power of judges to overrule ministers’ decisions through the judicial review process. https://bit.ly/3DrwGJz

The Guardian

– Volkswagen has tricked UK car buyers into faking its vehicles’ green credentials, lawyers will argue this week, as a compensation claim over the German company’s’ dieselgate ’emissions scandal comes in in the High Court. https://bit.ly/3oq1x4U

– Singapore’s financial regulator has reportedly suspended Bitget, a crypto exchange that is mired in a row involving South Korea’s biggest boyband, BTS. https://bit.ly/3DsNxf9

The telegraph

– The Bank of England is set to ease mortgage lending rules introduced in the wake of the financial crisis, in a move economists have warned of the risks of triggering a real estate bubble. https://bit.ly/3DtTpoh

– UK Prime Minister Boris Johnson’s health and welfare tax “will only rise” due to the rising costs associated with the aging of the UK population, former Health Secretary Jeremy Hunt said. https://bit.ly/3dn1MHO

Sky News

– Paul Pester, former Managing Director of TSB Bank, joins the UK fintech frenzy by launching the first UK-based social networking app, Loop, allowing friends and family to share money . https://bit.ly/3onWdPy

– Donald Trump’s social media firm said it has made deals to raise $ 1 billion from investors ahead of an IPO in the United States. https://bit.ly/3opi49a

(Compiled by the Bangalore Newsroom)

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