PRESS DIGEST-Financial Times - September 29

Sept 29 (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

- UK government to guarantee jobs for young people on long-term benefits

- Occidental Petroleum in talks to sell OxyChem unit for about $10 billion

- European defence tech investor gets boost as geopolitical tensions persist

- Denmark bans civil drones for a week after sightings over military bases

Overview

- British finance minister Rachel Reeves is set to announce a mandatory paid work scheme for young people out of work or education for 18 months and on universal credit, aiming to abolish long-term youth unemployment.

- Occidental Petroleum OXY.N is in talks to sell its OxyChem division in a deal expected to be worth about $10 billion that would carve out one of the world's largest standalone petrochemicals units.

- Expeditions, one of Europe's biggest venture capital firms focused on defence technology, has raised more than 100 million euros ($117.18 million) towards its second fund, as investors continue to pour money into the nascent sector since Russia's war in Ukraine.

- Denmark ordered a ban on Sunday on civil drone flights, after drones were observed at several military facilities overnight, following a week in which drone sorties caused the temporary closures of several Danish airports.

($1 = 0.8534 euros)