PRESS DIGEST-British Business - Jan. 12

In This Article:

Jan 12 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

The Times

- Explosions were heard in Yemen on Thursday night, hours after UK Prime Minister Rishi Sunak authorised airstrikes against Houthi military positions to repel attacks by the Iran-backed rebels on shipping in the Red Sea.

- Tesla suspended most car production at its factory near Berlin, citing a lack of components caused by shifts in transport routes because of attacks on vessels in the Red Sea.

The Guardian

- The former UK boss of Fujitsu, the technology firm whose flawed IT system is at the heart of the Post Office Horizon scandal, received a 2.6 million pound ($3.32 million) payoff after standing down from the company in 2019, corporate filings suggest.

The Telegraph

- Rental firm Hertz Global Holdings is selling about 20,000 electric vehicles, including Teslas, from its U.S. fleet about two years after a deal with the automaker to offer its vehicles for rent, in another sign that EV demand has cooled.

Sky News

- Hannah Bernard, the head of Barclays' business banking unit is being lined up to spearhead a government-backed taskforce on female entrepreneurship being revamped.

The Independent

- British Prime Minister Rishi Sunak was told his government may have to stump up more than the 1 billion pounds ($1.28 billion) already set aside to address the Post Office scandal, amid warnings that hundreds more victims may have fallen through the cracks.

($1 = 0.7832 pounds) (Compiled by Bengaluru newsroom)