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PRESS DIGEST- Financial Times - Dec 30

ReutersDec 30, 2024 6:05 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

- 'Social value' could be given more weight in deciding UK state contracts

- EU plans hot weather 'stress test' on railways and power grids

- Russian smugglers import luxury cars from Europe despite sanctions

Overview

- The British government is considering shaking up public procurement rules to give greater weight to "social value" when choosing private contractors under plans that would allow more social enterprises to bid for state work.

- Railways and electricity grids across Europe may be "stress tested" for hot weather under plans being drawn up by the European Union to prepare critical infrastructure for the demands of a warming planet.

- Russian smugglers are charging tens of thousands of euros to import luxury cars from Europe, as EU sanctions in response to Moscow's full-scale invasion of Ukraine hit the country's wealthy.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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