PRESS DIGEST-British Business - September 17
Sept 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
- Microsoft MSFT.O is planning to invest more than $30 billion in its UK operations and artificial intelligence infrastructure over the next four years, the software maker said on Tuesday, ahead of U.S. President Donald Trump's second state visit to Britain.
- GSK GSK.L said on Wednesday it plans to invest $30 billion in research and development and supply chain infrastructure in the United States over the next five years, after U.S. President Donald Trump arrived in Britain for an unprecedented second state visit to seal investment deals.
The Guardian
- A long-coveted deal to slash US steel and aluminium tariffs to zero has been shelved on the eve of Donald Trump’s state visit to Britain
- The UK is determined to resolve its standoff with the pharmaceutical industry and reverse a 10-year decline in NHS spending on medicines, the science minister has told MPs after a string of drugmakers cancelled projects worth nearly £2bn
The Telegraph
- Wedgwood, the Royal Household's fine china supplier said it had temporarily paused operations at its factory amid a slump in demand for opulent crockery.
- Sky, the British media giant, which employs around 23,000 people, has launched a consultation impacting 900 roles and about 600 are expected to ultimately be cut.
Sky News
- Britain and the United States have agreed a technology pact to boost ties in AI, quantum computing and civil nuclear energy, with top U.S. firms led by Microsoft pledging 31 billion pounds($42.29 billion)in UK investments.
- The ventures arm of Channel 4, the state-owned broadcaster, is taking a stake in a new digital health company which aims to help tackle the growing scourge of chronic allergies in the UK.
($1 = 0.7331 pounds)
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