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PRESS DIGEST-British Business - May 7

·2 min read

May 7 (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

- Boris Johnson and President Macron will try to restore the "brotherly" relationship between Europe's biggest military allies after yesterday's stand-off over fishing rights in Jersey. https://bit.ly/3uE2ibr

- Portugal is likely to be added today to a green list of holiday destinations for quarantine-free travel but hopes were fading last night for the Maldives and the Caribbean. https://bit.ly/3emDZce

The Guardian

- Spending on the NHS, social care and public health needs to rise by 102 billion pounds ($141.74 billion) over the next decade, funded by big tax rises, to improve Britain's health in the wake of the coronavirus pandemic, an inquiry has said. https://bit.ly/2PV07AW

- Metals magnate Sanjeev Gupta is close to securing a 200 million pounds loan for Liberty Steel UK, which would hand a lifeline to Britain's third largest steel business and help stave off thousands of job losses. https://bit.ly/3vF1FOO

The Telegraph

- Boris Johnson will defy trade union pressure and announce on Monday that secondary school children will no longer have to wear face masks in class. https://bit.ly/3tyWGhj

- The United States would not oppose Britain paying off a decades-old debt it owes to Iran in order to bring home jailed dual nationals including Nazanin Zaghari-Ratcliffe and Anoosheh Ashoori, the U.S. Secretary of State said. https://bit.ly/33k4ysf

Sky News

- Carlyle, the private equity giant, is among the suitors vying to buy Reckitt Benckiser's infant nutrition arm in China as the world's most populous nation grapples with a declining birth-rate. https://bit.ly/3tpEPsZ

- Legal & General Investment Management has decided to vote against the re-election of Cineworld's chair, Alicja Kornasiewicz, and all three members of the company's remuneration committee, at its annual meeting on May 12. https://bit.ly/3usYnhd

The Independent

- People under the age of 40 are to be offered an alternative to the AstraZeneca vaccine as evidence grows that younger people are more likely to be affected by rare blood clots linked to the jab. https://bit.ly/33mYPlq

($1 = 0.7196 pounds) (Compiled by Bengaluru newsroom)

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