PRESS DIGEST- Financial Times - October 15

Oct 15 (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 and US impose sanctions on alleged Cambodian 'cyber-scam' network

- UK risks higher inflation becoming entrenched, IMF warns

- WPP boosts AI marketing with $400 million Google deal

- BlueCrest agrees to pay $101 million redress to investors

Overview

- The U.S. and Britain imposed sanctions on a Cambodian network accused of running industrial-scale cyber-scam centres, including an asset freeze on London properties with an estimated value of 130 million pounds ($173.6 million).

- The IMF has warned that above-target inflation risks becoming entrenched in Britain as it forecast the country would see the highest price growth of any G7 nation over the next two years.

- WPP and Google GOOGL.O have struck a five-year deal to embed AI tools such as Gemini and video generator Veo into the UK advertising group's offer to clients.

- BlueCrest Capital Management has agreed to pay $101 million in redress to investors to end a drawn-out legal battle with the UK financial regulator that included a public censure for the hedge fund.

($1 = 0.7490 pounds)