Business
Financial Times - Aug 8
Financial Times - Aug 8
About this update from Bdo Unibank, Inc.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- BHP and Vale offered $1.4 billion to settle Brazil mining dam lawsuit- US battery start-up Lyten buys Northvolt out of bankruptcy- EY beats BDO to win lucrative Revolut audit contract- British homelessness minister Rushanara Ali resigns- European boss of Lotus to leave after U-turn on Britain plant closureOverview- Global miners BHP Group ASX:BHP and Vale BMFBOVESPA:VALE3 have offered around $1.4 billion to settle a class action lawsuit in the United Kingdom tied to one of Brazil's worst-ever environmental disasters. - U.S. battery startup Lyten has agreed to buy most of bankrupt Swedish battery maker Northvolt, potentially offering a way back for the European company that was once seen as the region's answer to rivals in Asia.- Britain's fintech Revolut has appointed EY as its new auditor, severing ties with BDO that slowed the company's push for a banking licence.- Britain's minister for homelessness resigned after claims that she evicted tenants from a property she owns and then increased the rent by hundreds of pounds.- Matt Windle, the European boss of British-based sportscar company Lotus which owned by China's Geely HKEX:175 is leaving after four months in the role.