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PRESS DIGEST- New York Times business news - March 16

· 03/16/2021 02:41
PRESS DIGEST- New York Times business news - March 16

- The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.


- Facebook Inc FB.O has agreed to pay Rupert Murdoch's News Corp NWSA.O for its journalism content in Australia, a month after the social media platform temporarily blocked news links inside the country over legislation pressing digital giants to compensate publishers. https://nyti.ms/2OAHa5W


- OxyContin maker Purdue Pharma submitted its bankruptcy restructuring plan in a filing on Monday, the formal bid to end thousands of lawsuits, and require the company's Sackler family owners to pay $4.3 billion from their personal fortune. https://nyti.ms/3togOTA


- German carmaker Volkswagen AG VOWG_p.DE outlined goals to build battery factories in Europe as it ties its fate to electric cars. https://nyti.ms/3eJo4Fp



(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))