PRESS DIGEST- Financial Times - Aug 8

Reuters
08/08
PRESS DIGEST- Financial Times - Aug 8

Aug 8 (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

- BHP and Vale offered $1.4 billion to settle Brazil mining dam lawsuit

- US battery start-up Lyten buys Northvolt out of bankruptcy

- EY beats BDO to win lucrative Revolut audit contract

- British homelessness minister Rushanara Ali resigns

- European boss of Lotus to leave after U-turn on Britain plant closure

Overview

- Global miners BHP Group BHP.AX and ValeVALE3.SA have offered around $1.4 billion to settle a class action lawsuit in the United Kingdom tied to one of Brazil's worst-ever environmental disasters.

- U.S. battery startup Lyten has agreed to buy most of bankrupt Swedish battery maker Northvolt, potentially offering a way back for the European company that was once seen as the region's answer to rivals in Asia.

- Britain's fintech Revolut has appointed EY as its new auditor, severing ties with BDO that slowed the company's push for a banking licence.

- Britain's minister for homelessness resigned after claims that she evicted tenants from a property she owns and then increased the rent by hundreds of pounds.

- Matt Windle, the European boss of British-based sportscar company Lotus which owned by China's Geely 0175.HK is leaving after four months in the role.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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