PRESS DIGEST – Financial Times – May 19

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Here are the top stories from the Financial Times. Reuters has not verified these stories and does not guarantee their accuracy. Securities

– Eletrobras privatization plan wins Brazilian court approval https://on.ft.com/3LwnZ4C – Sunak promises targeted tax cuts for UK companies in autumn budget https://on .ft.com/3816vje

– Siemens Energy eyes full Siemens Gamesa takeover https://on.ft.com/3FZmlqX – Microsoft eases cloud terms to avoid full EU antitrust investigation https://on.ft.com/ 3MrDNXv

Overview – Latin American electric utility company Centrais Eletricas Brasileiras SA has received a proposal for privatization approval from Brazil’s Court of Auditors.

– In a speech at a Confederation of British Industry dinner, UK Finance Minister Rishi Sunak promised targeted tax cuts for businesses in this year’s autumn budget. – Siemens Energy AG plans to buy shares of Siemens Gamesa Renewable Energy SA that it does not already own, with the aim of gaining full control of the Spanish listed company.

– Microsoft Corp plans to ease its business terms to make it easier for cloud service providers to compete in a bid to avoid EU antitrust probes. (Compiled by Bengaluru Newsroom)

(This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)

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