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PRESS DIGEST-British Business – Aug. 24

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Aug 24 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

The Times

U.S. President Donald Trump announced fast-track consent for an experimental coronavirus treatment as his administration also considered the emergency use of a vaccine being developed by Oxford University and Astrazeneca Plc. https://bit.ly/3aPvCm1

UK’s Financial Conduct Authority has been accused by campaigners and its own complaints commissioner of rushing through a plan to minimise liability for its failings. https://bit.ly/3hrbrgA

The Guardian

The UK government has denied reports that it is to drop a recently introduced levy on global technology companies such as Facebook Inc, Google and Amazon.com Inc due to fears the so-called “Facebook tax” could jeopardise a post-Brexit trade deal. https://bit.ly/3aPlhqc

John Lewis Plc is set to scrap its “never knowingly undersold” price promise, which the department store has offered its customers for almost a century, as new boss Sharon White tries to plot the retailer’s path out of the coronavirus crisis. https://bit.ly/2Qkwt4M

The Telegraph

Up to four million people in the UK could be tested every day for coronavirus by early next year under ambitious plans to further ease restrictions and boost the economy, the Telegraph understands. https://bit.ly/3gk8dud

Sky News

Former customers of London Capital & Finance (LCF), one of Britain’s biggest recent financial mis-selling scandals, are preparing to challenge its administrators over the scale of fees being charged to handle the insolvency. https://bit.ly/3hBb3fT

(Compiled by Bengaluru newsroom)

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