PRESS DIGEST-Financial Times - March 16

Reuters03-16 09:50
PRESS DIGEST-Financial Times - March 16

March 16 (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

- JD.com launches Joybuy in Europe, targeting Amazon

- UK's Starmer vows to protect 'working people' from conflict fallout

- UK polo patrons linked to laundering of Venezuelan oil sale proceeds, says US Treasury

- UK ready to explore EU tuition fee cut as part of Brexit reset

Overview

- Chinese e‑commerce giant JD.com 9618.HK launched its Joybuy online marketplace in the UK, Germany, France, the Netherlands, Belgium and Luxembourg, stepping up its push beyond its home market and taking aim at market leader Amazon AMZN.O.

- British Prime Minister Keir Starmer will vow to shield "working people" from the economic fallout of the Iran war and punish profiteering, as he sets out support worth about 50 million pounds for some households hit by higher energy costs.

- Two leading figures in English polo have been accused of using their positions at a now-defunct Swiss bank to launder the proceeds of the illegal sale of millions of barrels of oil belonging to Venezuela's national oil company, according to the US Treasury.

- Tuition fees for students from EU countries at British universities could be lowered, but only as a result of a "very big" offer from Brussels that was part of a wider "reset" of post-Brexit ties, UK officials have said.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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