Nov 24 (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 – Wilko bosses and auditor to be quizzed by MPs over retailer’s collapse – Tesla strikes in Sweden are ‘insane’, says Elon Musk – Germany to suspend borrowing limits for fourth year after debt brake ruling – EU approves tranche of Hungary’s frozen funds
Overview
– The Commons’ business and trade committee has written to Wilko’s former chief executive and chair, and representatives at accountancy firm EY, to ask about the shortfall in company’s pension fund and dividend payments it made “when it was heavily indebted”.
– Strike against Tesla by a group of Swedish unions has been branded “insane” by Elon Musk as the industrial action threatens to disrupt the US carmaker’s operations in other parts of Europe.
– Germany is to suspend its constitutional limit on new borrowing for the fourth year running, as it rushes to deal with the fallout from a ruling by the country’s top court that has left its spending plans in disarray.
– The European Commission has approved a first payout of about 900 million euros ($981.63 million) in frozen funding to Hungary despite Budapest’s toughening rhetoric against Brussels.
($1 = 0.9168 euros) (Compiled by Bengaluru newsroom)
