PRESS DIGEST-British Business - May 6

·2 min read

May 6 (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

- Boris Johnson ordered two Royal Navy patrol vessels to sail to the Channel Islands last night amid fears that French fishing boats were preparing to blockade Jersey's main port.

- The Facebook oversight board upheld the site's ban on Donald Trump, giving the company six months to decide whether to readmit or permanently delete the former president's accounts.

The Guardian

- Accounting and consultancy group KPMG has told its 16,000 UK staff that they will have to work only an average of two days in the office each week from next month, as the firm revealed its plans for a post-pandemic hybrid working model.

- The first "tweaked" vaccine against the worrying coronavirus variants that emerged in South Africa and Brazil has successfully neutralised them in laboratory trials, the U.S. company Moderna has said.

The Telegraph

- Ministers in UK are exploring the creation of a national stockpile of so-called rare earth metals amid rising fears that Britain's efforts to adopt electric cars are at risk from a Chinese stranglehold on supplies.

- UK Ministers are set to introduce a ban on prosecutions of Northern Ireland veterans under new legislation to be announced in the Queen's Speech next week, The Telegraph has learned.

Sky News

- A cross-party group of more than 60 MPs and peers has asked the government urgently to reconsider plans to cut UK overseas aid for lifesaving water projects to the poorest nations.

- A group of former executives at Greensill Capital, the collapsed supply chain finance lender, will this week unveil a new trade finance venture targeting blue-chip corporate clients.

The Independent

- India's minister for external affairs has been informed of "exposure to possible COVID positive cases" after arriving in the UK for the first in-person meetings of G7 foreign ministers in over two years. (Compiled by Bengaluru newsroom)