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PRESS DIGEST-British Business - May 17

May 17 (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 New Vodafone boss Margherita Della Valle said she would cut 11,000 jobs globally over three years to help the telecoms group regain its competitive edge.

Warren Buffet's Berkshire Hathaway Inc revealed a new $41.3 million stake in Diageo Plc, the maker of alcoholic beverages including Johnnie Walker and Guinness.

The Guardian Bus passengers in England will be able to keep travelling for 2 pounds after the government extended funding by another 500 million pounds ($631.05 million), easing fears about a further decline in local services.

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UK authorities should regulate cryptocurrency trading as a form of gambling rather than a financial service, parliament's Treasury committee has said after a fresh inquiry into the industry.

The Telegraph

Cornwall-based Kensa Group plans to install 50,000 heat pumps a year in British homes after securing a 70 pound million investment from Octopus Energy and Legal & General.

Sky News

Paul Zwillenberg, who stepped down as CEO of Daily Mail & General Trust last year, is working with BC Partners on its interest in Ascential Plc's consumer data unit.

The owner of Facebook and Instagram, Meta Platforms Inc , has begun rolling out a paid verification service in the UK.

The Independent

Sky Mobile appears to have suffered a major outage, with thousands of users saying their mobile internet appears to be down. ($1 = 0.7923 pounds) (Compiled by Bengaluru newsroom)