U.K. May Tighten Takeover Laws to Curb Foreign Influence

The U.K. government is preparing to introduce legislation that would force British companies to report attempted takeovers that could give rise to security risks, The reporter said. Company directors that fail to observe the rules could face fines, disqualification, or jail, the newspaper said, without saying where it obtained the information. Prime Minister Boris Johnson also wants academic partnerships and research projects to be included under the rules, reflecting his concern that the country’s cash-strapped…

"U.K. May Tighten Takeover Laws to Curb Foreign Influence"

Dollar falls as focus shifts to recovery prospects

The dollar fell against most Asian currencies on Wednesday as prospects of more government stimulus and a global economic recovery emboldened investors to step up holdings of riskier assets. The Australian dollar hit a five-month high against the dollar, as funds headed toward economies that are seen to be recovering the fastest from the coronavirus pandemic. The Aussie, which has benefited from signs its economic downturn may be less severe than initially feared, could get an…

"Dollar falls as focus shifts to recovery prospects"