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PRESS DIGEST-Financial Times - March 4

ReutersMar 4, 2025 1:53 AM

- The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

- US suspends military aid to Ukraine

- Adnoc and OMV announce deal to combine their petrochemical assets

- BYD pledges to work with rival Tesla to combat petrol cars

- BAE chief in line for bonus boost under 'golden handcuffs' pay deal

Overview

- Washington is pausing military aid to Ukraine days after U.S. President Donald Trump clashed with Ukrainian President Volodymyr Zelenskiy in the Oval Office.

- Abu Dhabi National Oil Company has sealed a deal to create a $60 billion global plastics company after agreeing to combine its petrochemical assets with those of Austria's OMV OMVV.VI.

- China's leading electric-vehicle maker BYD 002594.SZ has pledged to work with rival Tesla TSLA.O to combat petrol cars, while insisting that Beijing was "more open" to foreign business than the west.

- BAE Systems BAES.L CEO is in line for a total pay package this year of up to 13.9 million pounds ($17.66 million) under a new "golden handcuffs" deal, after the UK's biggest defence contractor became the latest FTSE 100 company to push for higher rewards among its senior ranks.

($1 = 0.7872 pounds)

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