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The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines
– Rishi Sunak explores public sector pay deal that backdates wage offer – Royal Mail hackers demanded 65 million pound ransom
– BBC offices in India searched by tax authorities after Narendra Modi documentary – Amigo avoids 73 million pound fine due to ‘serious financial hardship’
Overview – British Prime Minister Rishi Sunak and finance minister Jeremy Hunt are considering a pay deal to try to end the wave of public sector strikes that would backdate next year’s wage award for NHS staff and other workers.
– The LockBit hacking group that encrypted Royal Mail data sought a 65.7 million pound ($79.98 million) ransom from the company, a demand that the postal group’s board appears to have turned down, thus setting the stage for a potential large-scale leak of company information. – Tax officials in India have searched BBC news bureaus in the cities of New Delhi and Mumbai, weeks after the broadcaster aired reports critical of Prime Minister Narendra Modi’s actions during deadly religious riots in Gujarat when he was the state’s top ruling official.
– Britain’s financial regulator has censured Amigo for failing to properly check if borrowers could afford its loans, but the subprime lender avoided a 73 million pound fine in order to preserve funds to repay customers. ($1 = 0.8215 pounds) (Compiled by Bengaluru newsroom)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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