PRESS DIGEST- British Business – July 17

July 17 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times Comcast Corp is likely to withdraw from the Twenty-First Century Fox Inc takeover battle, but could instead marshal its firepower for the Sky Plc bidding contest. bit.ly/2LhTl3Z John Laing Infrastructure Fund has indicated that it will sell itself to two rivals after months of anxiety over Labour’s putative plans to renationalise privatised public assets and amid the fallout…

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UPDATE 1-Plains All American loses bid for steel tariff exclusion on proposed oil pipeline

(Reuters) – A $1.1 billion U.S. shale pipeline project on Monday was denied an exclusion to the Trump administration’s tariff on imported steel, the first ruling on a major energy export project. U.S. pipeline operator Plains All American Pipeline LP’s bid to avoid the 25 percent tariff on pipe imported from Greece was denied because domestic product is available, the Commerce Department ruling said. The Houston-based company is preparing a comment on the request, a Plains All American spokeswoman said. Plains sought to use steel from a unit of Corinth…

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U.S. lawmakers slam Trump as 'weak' in Russia summit; some push new sanctions

WASHINGTON (Reuters) – Leading U.S. lawmakers, including numerous Republicans, criticized President Donald Trump on Monday for failing to confront Russian President Vladimir Putin over Moscow’s meddling in the 2016 U.S. election as the two heads of nuclear powers stood side-by-side at a joint news conference. U.S. Senator Jeff Flake (R-AZ) speaks with news media at the U.S. Capitol building in Washington, U.S., July 16, 2018. REUTERS/Leah MillisTrump, speaking in Helsinki after his first summit with Putin, said he saw no reason to believe his own country’s intelligence agencies over the…

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School buses collide in New Jersey, 23 children injured

(Reuters) – At least three school buses collided in southern New Jersey on Monday, injuring 23 children and an adult staff member returning from a summer day camp, police officials said. All 24 sustained minor injuries in the crash and were taken to a local hospital, Medford Township Police Chief Richard Meder said. Another 67 children and 10 camp staff members were taken back to the camp following the crash, which took place at about 4 p.m. on the border of Medford Township and Medford Lakes in Burlington County, Meder…

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Volcanic lava 'bomb' injures 23 people on tour boat in Hawaii

HONOLULU (Reuters) – A blob of hot volcanic lava struck an ocean tour boat just off the Big Island of Hawaii on Monday, injuring nearly two dozen people in the worst casualty incident to date from the ongoing eruption of the Kilauea Volcano, authorities said. A hole, punched through the roof of a tourist boat, is seen, after lava from the Mount Kilauea volcano exploded in the sea off Kapoho, Hawaii, U.S. July 16, 2018. Hawaii Department of Land and Natural Resources/Handout via REUTERS One woman’s leg was broken when…

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Communist-run Cuba starts rolling out internet on mobile phones

HAVANA (Reuters) – Communist-run Cuba has started providing internet on the mobile phones of select users as it aims to roll out the service nationwide by year-end, in a further step toward opening one of the Western Hemisphere’s least connected countries. A woman uses the internet on her mobile phone at a hotspot in Havana, Cuba, July 10, 2018. REUTERS/Stringer Journalists at state-run news outlets were among the first this year to get mobile internet, provided by Cuba’s telecoms monopoly, as part of a wider campaign for greater internet access…

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Women's fertility may be related to heart disease risk factors

(Reuters Health) – Young women with unhealthy levels of fats in their blood may have higher odds of having just one child, or no children at all, a recent study suggests. Dr. Aleksandra Pirnat at the University of Bergen in Norway and her colleagues studied women enrolled in two large databases: the Medical Birth Registry of Norway and the Cohort of Norway, which include lifestyle and health information for people residing in the country between 1994 and 2003. Of the 4,322 women in the study, 2,157 had two or more…

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Trump to meet with members of Congress after summit criticism

WASHINGTON (Reuters) – President Donald Trump will meet with members of Congress on Tuesday, the White House said, after many lawmakers criticized his performance at a summit on Monday with Russian President Vladimir Putin. U.S. President Donald Trump pose with a football received from Russian President Vladimir Putin as they hold a joint news conference after their meeting in Helsinki, Finland July 16, 2018. REUTERS/Grigory DukorThe White House did not say who would attend the meeting or its subject. It is the only event on Trump’s schedule for Tuesday. .…

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KKR agrees to buy stake in AppLovin at $2 billion valuation

(Reuters) – Private equity firm KKR & Co (KKR.N) said on Monday it will acquire a minority stake in AppLovin Corp for $400 million, just months after the U.S. mobile marketing firm was forced by Washington to scrap a deal to be acquired by a Chinese buyout firm. The KKR deal values AppLovin at $2 billion, up from $1.4 billion in November, when China’s Orient Hontai Capital invested in the debt of AppLovin. Orient Hontai had originally agreed to buy a majority stake in AppLovin, but the Committee on Foreign…

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