March 20, 2020 / 1:14 AM / 2 months ago

PRESS DIGEST- Financial Times - March 20

March 20 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.


Sunak to launch massive rescue package for stricken UK companies

Grounded flights force Tui to cut staff hours and wages

Jaguar Land Rover to suspend operations at all UK plants


British Finance minister Rishi Sunak will launch a massive rescue package for British companies and their workers on Friday, as the Bank of England begins on another round of monetary easing to try to stop the coronavirus crisis.

European holiday operator Tui AG is reducing staff hours and wages, as it seeks financial aid from the UK government to survive the near wipeout of all travel in Europe as the coronavirus spreads.

British carmaker Jaguar Land Rover will close its UK plants over the next week as a result of the coronavirus outbreak. (Compiled by Bengaluru newsroom)

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