PRESS DIGEST- Financial Times - April 17

Reuters2025-04-17

PRESS DIGEST- Financial Times - April 17

April 17 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

- Gerry Cardinale's RedBird evaluating takeover of UK's Telegraph newspaper

- Trump administration halts Equinor's $5 bln New York energy project

- British Steel's Chinese owner says UK government must 'respect' its rights

- Lyft buys European taxi app FreeNow in 175 mln euros deal

Overview

- Gerry Cardinale's RedBird Capital Partners is drawing up plans to take control of The Telegraph in an attempt to bring an end to the protracted two-year sale of the British newspaper group.

- The U.S has halted a $5 billion offshore wind project that Norway's Equinor EQNR.OL is developing, dealing a blow to the embattled renewable power sector and signalling an aggressive new push against clean energy initiatives.

- The Chinese owner of British Steel, Jingye British Steel, has called on the UK government to "respect and protect" its rights as a foreign investor after ministers dramatically seized control of the company over the weekend.

- Lyft LYFT.O is expanding its ride-hailing business across the Atlantic for the first time with a 175 million-euro ($199 million) acquisition of European taxi app FreeNow.

($1 = 0.8794 euros)

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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