PRESS DIGEST- Financial Times – Jan. 19

Jan 19- The following are the top stories in the Financial Times. -Ineos gives Oxford 100 mln pounds to set up antibiotic research institute https://on.ft.com/3nV0qXp. -Chemicals group Ineos has given Oxford university 100 million pounds to set up an antibiotics research institute to counter the growing threat from deadly superbugs.

Jan 19 (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

– Sunak risks clash with business over proposed corporationtax rise https://on.ft.com/3islIKI

– Ineos gives Oxford 100 mln pounds to set up antibioticresearch institute https://on.ft.com/3nV0qXp

-Harding defends use of £1,000-a-day consultants https://on.ft.com/38UyY7L

– Birkenstock explores sale to private equity group CVC https://on.ft.com/38WFlry

Overview

– UK Chancellor Rishi Sunak plans to increase corporationtax in his March Budget as companies claim they are stillstruggling with the shock of the coronavirus pandemic.

– Chemicals group Ineos has given Oxford university 100million pounds ($135.91 million) to set up an antibioticsresearch institute to counter the growing threat from deadlysuperbugs.

– UK’s head of test and trace Dido Harding has defendedpaying hundreds of private consultants an average of 1,000pounds a day, as she set out plans to spend billions on rapidtesting technologies in the coming months.

– German company Birkenstock is exploring a sale to privateequity group CVC in a deal that may value it at more than 4billion euros ($4.83 billion) including debt.($1 = 0.7358 pounds)($1 = 0.8275 euros)(Compiled by Bengaluru newsroom)