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PRESS DIGEST- Financial Times - May 7

ReutersMay 7, 2025 2:46 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

- UK and India strike trade deal after three years of talks

- UK closes in on US trade pact with lower tariff quotas for cars and steel

- Czech court halts $18 billion nuclear reactors deal after rival complaint

- Brussels seeks to force EU companies to disclose Russian gas contracts

Overview

- Britain and India clinched a long-coveted free trade pact after tariff turmoil sparked by U.S. President Donald Trump forced the two sides to hasten efforts to increase their trade in whisky, cars and food.

- The U.S. and Britain have made good progress in negotiating a trade deal that would likely include lower tariff quotas on steel and autos, according to officials in London and Washington.

- A Czech court has blocked electricity firm CEZ CEZP.PR from signing a contract worth at least $18 billion with South Korea's KHNP to build a new nuclear power plant after an eleventh-hour complaint from rival bidder.

- The European Commission plans to force EU companies to reveal details of their Russian gas contracts, as it seeks to crack down on fuel imports from the country by 2027.

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