PRESS DIGEST-Financial Times – Aug 10

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines

– Taiwan security officials want Foxconn to drop stake in Chinese chipmaker – SoftBank’s record $23bn loss could push Masayoshi Son to reconsider taking group private https://on.ft.com/3QAY6U3

– Carlyle boss quit after failed request for $300mn pay package – Domino’s shuts up shop in Italy after failing to win over the home of pizza https://on.ft.com/3JMkZSC

– Truss rejects CBI appeal to join Johnson and Sunak to tackle cost of living crisis Overview

– Taiwanese national security officials want to force Apple supplier Foxconn to unwind an $800mn investment in Chinese chip company Tsinghua Unigroup, as Taipei seeks to align itself more closely with the United States in the face of escalating threats from Beijing. – SoftBank’s record $23.4 billion quarterly loss, a pledge of heavy cost-cutting and an hour of public self-criticism by its founder Masayoshi Son could push the Japanese billionaire to reconsider a management buyout of the technology conglomerate

– Carlyle Group’s ousted chief executive Kewsong Lee asked for a pay package worth up to $300mn over five years and resigned from the US private equity group after its co-founders refused to even discuss the deal – Domino’s Pizza has closed its Italian stores after seven years, after the US brand struggled to win over customers in the birthplace of pizza.

– Liz Truss, frontrunner in the Conservative leadership contest, has rejected business pleas for her to meet prime minister Boris Johnson and rival Rishi Sunak to “agree a common pledge” on tackling the cost of living crisis. (Compiled by Bengaluru newsroom)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)