PRESS DIGEST- Financial Times – Aug. 4 – Yahoo Finance

Aug 4 (Reuters) – The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.


– UK weighs national security concerns over Nvidia’s $40bn move for Arm

– Sweaty Betty sold for $410 million as pandemic propels ‘athleisure’ further

– Credit Suisse to face ‘tuna bonds’ trial

– Sanofi to buy partner Translate Bio for 3.2 billion in mRNA push


– The future of Nvidia’s planned $40 billion takeover of Arm, the British chip designer, is being considered by Prime Minister Boris Johnson’s government as UK ministers take an increasingly active interest in such deals.

– Sweaty Betty, the British womenswear company, has been sold to a U.S. based shoemaker Wolverine World Wide that aims to take the upmarket brand into footwear.

– Credit Suisse will face a trial over its role in Mozambique’s $2 billion “tuna bonds” scandal, a fresh blow as the bank struggles to shake off a succession of crises that have plagued the group in recent years.

– French pharmaceutical group Sanofi SA will acquire its partner Translate Bio for $3.2 billion, as it makes a big bet on the future of messenger RNA as a transformative technology for vaccines and therapeutics. (Compiled by Bengaluru newsroom)