PRESS DIGEST- Financial Times - February 25
Feb 25 (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
- Brookfield buys National Grid's renewables business in US for $1.7bn
- EU and UK in talks about Europe-wide defence funding amid fear of US pullback
- Emirates boss warns against forcing airlines to finance Heathrow's third runway
- No free lunch at Manchester United as Jim Ratcliffe puts squeeze on spending
Overview
- Asset manager Brookfield BAM.TO is buying London listed National Grid’s NG.L onshore renewables business in the US for $1.7 billion
- The UK and EU are in talks about setting up Europe-wide defence funding arrangements amid fears of reduced US support, with discussions including the possibility of a "Rearmament Bank".
- Emirates' president Tim Clark warned that Heathrow's third runway could face legal challenges if airlines are forced to pay higher landing fees to finance it.
- Manchester United MANU.N is cutting costs, including job cuts and ending free lunches for staff, as shareholder Sir Jim Ratcliffe tightens spending to revive the struggling team.
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