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May 19 (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
Asda has been accused of using "fire and rehire" threats to reduce pay for 7,000 staff as it restructures the business before a possible merger with EG Group in the UK.
BT Group, Britain's biggest broadband and mobile provider, will cut up to 55,000 jobs including contractors by 2030 - potentially over 40% of its workforce - as it completes its fibre roll-out and adapts to new technologies such as AI.
The Guardian
Jonathan Akeroyd, the chief executive of Burberry said that the UK is at a "competitive disadvantage for global shoppers" which has held back sales in its home market after the government ditched a VAT tax break for tourists.
The Telegraph
Bank of England told the Treasury it is planning to reject Revolut's bid for banking licence.
Members of Britain's RMT trade union working for 14 train companies across the country will take strike action on June 2 as part of a long-running pay dispute, the union said on Thursday.
Sky News
The Restaurant Group has won support from another of its biggest investors, Royal London Asset Management, as a fight with the activist hedge fund Oasis intensifies ahead of next week's annual meeting.
Greg Jackson, founder of Octopus, says the adoption of AI across industry will ultimately improve the workplace and spawn new roles, but the startling pace of development means millions of jobs could be at risk in the short-term.
The Independent
Rishi Sunak has insisted that "guardrails" will be put in place so the benefits of artificial intelligence (AI) can be reaped while minimising the risks to society.
Only 87 zero emission buses are in use in England outside London, figures published by Transport Secretary Mark Harper show. (Compiled by Bengaluru newsroom)