PRESS DIGEST- Financial Times - March 20

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PRESS DIGEST- Financial Times - March 20

, Reuters - 11:25 PM ET 3/19/2025 default

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.

Headlines

- Brussels takes action against Google and Apple ( AAPL ) despite Trump threat

- EY cuts jobs in pullback from UK legal sector

- SoftBank expands AI portfolio with $6.5bn Ampere deal

- Deutsche Bank to axe 2,000 more jobs

Overview

- The European Commission is going ahead with regulatory action against Apple ( AAPL ) and Google under landmark legislation designed to expose the groups to new competition.

- EY is restructuring its UK legal arm, sparking a fresh round of job cuts and hastening the Big Four firm's retreat from its previous ambition to take a bigger slice of the lucrative sector.

- SoftBank has agreed to acquire chip start-up Ampere Computing for $6.5 billion as the Japanese tech group's founder Masayoshi Son expands his ambitions in artificial intelligence.

- Deutsche Bank's chief executive said the bank would axe almost 2,000 jobs in its retail division this year.

(Compiled by Bengaluru newsroom)

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