Jan 19 (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
Microsoft has confirmed reports that it is axing 10,000 jobs, or 5 per cent of its workforce, becoming the latest of the US technology giants to announce swingeing job cuts.
The Guardian
UK PM Rishi Sunak’s wealthy rural constituency is receiving 19 million pounds ($23.45 million)of funding from the government’s latest round of levelling up funding, prompting accusations of favouritism towards Conservative seats.
The King has asked for profits from a 1 billion pounds ($1.23 billion)-a-year crown estate windfarm deal to be used for the “wider public good” rather than as a funding boost for the monarchy.
The Telegraph
The British North Sea’s biggest oil and gas producer Harbour Energy has blamed the new windfall tax as it prepares to cut hundreds of jobs and shift attention to outside of the UK.
Qinetiq ,the UK defence contractor, has signed a deal to help Australia develop a laser weapon to help it counter missile threats.
Sky News
Britain’s battery sector has been delivered some unexpected good news, after Fortescue founder Andrew Forrest told Sky News he will be opening an advanced battery plant in Oxfordshire later this year, creating up to 300 new jobs.
Hunter Boot, the royal warrant-holding footwear brand, is on the march towards a fresh injection of funding nearly three years after it was rescued from the brink of oblivion.
The Independent
More than 10,000 ambulance staff will join nurses in walkouts next month, as unions escalate strike action. ($1 = 0.8101 pounds) (Compiled by Bengaluru newsroom)
