PRESS DIGEST- Financial Times - February 25

Reuters
7 hours ago
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

- Amazon AI lab chief to depart amid leadership shake-up

- Channel Tunnel freight trains to restart after London depot deal

- Efune consortium willing to improve offer for Telegraph Media Group

- Warner Bros says sweetened Paramount bid may top Netflix deal

Overview

- David Luan, head of one of Amazon's AMZN.O key artificial intelligence labs, has left the company after two years in the job amid a reshuffle of the group's AI leadership.

- Freight trains carrying the equivalent of more than 100,000 lorries a year will be able to pass through the Channel Tunnel after the government took control of the UK's only major cargo terminal that can handle European wagons.

- A consortium led by Dovid Efune and Axel Springer is willing to sweeten its bid for Telegraph Media Group, escalating efforts to upend an agreed 500 million pounds ($675.1 million)sale of the business to DMGT.

- Warner Bros Discovery WBD.O said Paramount's PSKY.O sweetened $31-a-share offer to buy the studio and streaming group could best Netflix's NFLX.O existing deal, a boon for the Ellison-backed media company's takeover pursuit.

($1 = 0.7406 pounds)

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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