Press Digest-Financial Times - August 24

Scotland's state-backed development bank recorded a "challenging" net loss of 138 million pounds ($188.31 million), the fifth consecutive full-year loss since it was set up, driven by portfolio writedowns and the failure of five companies it had backed.

The Treasury is bringing in a "business rates guru" to review claims by the pub and hotel sector that they are being unfairly taxed, in the latest move by Andy Burnham's government to prop up town centres.

Andy Burnham will on Monday travel to Kyiv on his first overseas visit as UK prime minister, with a promise to support the construction in Ukraine of long-range missiles capable of hitting targets in Russia.

U.S. President Donald Trump is facing a domestic backlash over the collapse of trade talks between the U.S. and Canada, as the countries' deteriorating relationship risks more financial pain for Americans ahead of midterm elections.

($1 = 0.7328 pounds)

• Scottish state bank records £138mn loss on back of failed investments
• Treasury brings in expert to review business rates for UK pubs and hotels
• Burnham to pledge support for long-range missile construction in Ukraine
• Trump accused of risking more pain for Americans with Canada trade war