PRESS DIGEST- Financial Times - Nov. 5

Nov 4 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.


- Turkey fines social media giants for failing to comply with new law

- AstraZeneca misses target for delivery of UK COVID-19 vaccine

- John Lewis unveils further 1,500 job cuts

- CK Hutchison closes in on 10bn euro European tower sale to Cellnex


- Turkey has fined social media companies, including Facebook Inc, Twitter Inc and YouTube, more than $1 million each for not complying with a new social media law and warned that other penalties, including their platforms being blocked, could follow.

- AstraZeneca Plc has missed its target to deliver 30 million doses of a COVID-19 vaccine to the UK by the end of September and will only be able to supply 4% of what it had promised by the year end, said Kate Bingham, head of the government’s vaccine taskforce.

- British retailer John Lewis said it would cut 1,500 jobs at its central London headquarters as it looks for ways to cut down 300 million pounds ($388.95 million) in costs and reshape operations for a more digital era.

- CK Hutchison Holdings is nearing in on a sale of its portfolio of mobile towers in Europe to Spanish telecoms infrastructure company Cellnex Telecom SA, for 10 billion euros ($11.73 billion).

$1 = 0.7713 pounds $1 = 0.8524 euros Compiled by Bengaluru newsroom