PRESS DIGEST-Financial Times - October 6
Oct 6 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Headlines
- Monzo plots new push for US banking licence
- Shell says Trump administration's attacks on wind projects harm investment
- UK homebuyers to get more upfront information on properties for sale
- EU pushes new AI strategy to reduce tech reliance on US and China
Overview
- UK-based fintech Monzo is considering a new application for a U.S. banking licence four years after backing out of a previous attempt when it reached an impasse with regulators.
- Colette Hirstius, president of Shell U.S. SHEL.L, has said the Donald Trump administration's decision to halt fully permitted offshore wind energy projects is "very damaging" to investment and called for more predictable regulation.
- UK homebuyers will get upfront transparency about problems with properties on the market and the option of binding contracts, as part of the British government's reforms to speed up sales and curb failed transactions.
- The European Union is set to unveil a new plan to promote homegrown artificial intelligence platforms and compete against the U.S. and China.
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