PRESS DIGEST- Financial Times - May 12
May 11 (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
- Migrants will have to spend decade in UK before applying to stay
- Donald Trump has shaken Europe out of 'lethargic' habits, says DWS chief
- Energy prices push chemicals group Sabic to explore exit from Europe
- UK jobs slowdown hits education and healthcare as spending cuts bite
Overview
- Prime Minister Keir Starmer announced a new salvo of measures to toughen up Britain's migration system on Sunday, saying many immigrants would have to wait longer before getting the status they need to claim welfare.
- U.S. President Donald Trump's tariff policies have proved a powerful, if uncomfortable, catalyst for long-overdue economic reforms in Europe, the chief executive of Deutsche Bank's asset manager DWS DWSG.DE said.
- Saudi Arabian chemicals group Sabic 2010.SE is working with bankers to explore options, including a sale of its European petrochemicals business.
- A slowdown in the British jobs market is hitting hiring in education and healthcare as government spending cuts bite, according to surveys that point to headcount reductions across the public sector.
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