Press Digest-British Business - July 21

JPMorgan Chase JPM.N CEO Jamie Dimon has said that he wants to see Andy Burnham succeed as prime minister and make the UK thrive as the JP Morgan boss signalled that he would like London to remain the U.S. bank's home "for a long period of time".

Vertical Aerospace, the UK-based developer of flying taxis, has committed to creating more than 1,000 British jobs by manufacturing its six-seater electric vertical take-off and landing aircraft in the country following the announcement of further government funding.

Amazon's AMZN.O founder, Jeff Bezos, and the UK government have invested in a £2 billion ($2.69 billion) British artificial intelligence startup CuspAI that is aiming to become the "search engine for rare materials" that accelerates the next wave of technological breakthroughs.

Alibaba's 9988.HK AliExpress was hit with a record €550 million fine from the European Union on Monday for failing to tackle sales of illegal, unsafe and counterfeit products on its platform.