PRESS DIGEST-British Business - May 5

Kitco Media
By Reuters
Published:
Updated:
Reuters
May 5 (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 - The discovery of an alleged sales fraud and a related accounting scandal have prompted WANdisco to announce plans to cut 30% of its workforce.



The Guardian - Meta Platforms Inc has been urged to take action to protect customers from fraud, after TSB said scams via the social media company's platforms Facebook, WhatsApp and Instagram have soared.


- The UK and U.S. have intervened in the race to develop ever more powerful artificial intelligence technology, as the British competition watchdog launched a review of the sector and the White House advised tech firms of their fundamental responsibility to develop safe products.



The Telegraph - The Bank of England is to give City rulebreakers half-price fines if they settle cases early in an attempt to speed up investigations.


Sky News - The Rail, Maritime and Transport Union (RMT) said staff across 14 train companies overwhelmingly backed taking more industrial action.


- A period of exclusive negotiations between Matchroom Sport and CVC has concluded after the two sides were unable to agree on a price. (Compiled by Bengaluru newsroom)

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