Spanish bailout gets closer on German ruling September 12, 2012 GERMANY’S most powerful court yesterday rejected complaints against the Eurozone’s permanent bailout fund, clearing the way for the country to ratify the €700bn (£560.5bn) mechanism. The only catch is that the German parliament will have to approve any future increase in the country’s €190bn liability to the European Stability Mechanism (ESM), rather than leaders or [...]
What the other papers say this morning November 6, 2012 FINANCIAL TIMES BHP begins hunt for new chief BHP Billiton has quietly started looking for a successor to Marius Kloppers, chief executive, in what could herald a further shake-up in the leadership of the global mining industry following a five-year period of stability. JPMorgan in talks over SEC claims JPMorgan Chase is in advanced settlement [...]
Stakes raised ahead of crunch day for Europe September 10, 2012 THE Eurozone waits with bated breath as its fate is, once again, in the hands of its divided politicians. After Mario Draghi, European Central Bank (ECB) president, last week announced Outright Monetary Transactions (or OMT) – another acronym to add to the burgeoning Eurozone lexicon – traders were elated, sending shares in European stocks to [...]
Philip Morris sales boosted by emerging markets and pricing April 19, 2012 PHILIP Morris, one of the world’s biggest tobacco groups, said yesterday that its profits for the first quarter had risen 13 per cent, boosted by a rise in prices. The company, which makes cigarettes including the Marlboro and Benson & Hedges brands, reported net income of $2.16bn (£1.35bn) for the three months to 31 March, [...]
Seoul court rules Samsung didn’t violate Apple design August 24, 2012 Samsung’s flagship Galaxy smartphone looks very similar to Apple’s iPhone, but the South Korean firm has not violated the iPhone design, a Seoul court ruled today. The South Korean ruling comes as the two technology titans are locked in a high-stakes global patent battle that mirrors a fierce rivalry for industry supremacy between two companies [...]
Waiting for a special delivery to bring home the goods November 11, 2012 THE Royal Mail’s privatisation has been lost in the post for too long to get your hopes up right now. But if Royal Mail delivers first class half-year results tomorrow, it will pave the way for an initial public offering (IPO) next year. The state postal giant, which employs 159,000 people in the UK, has [...]
Waiting for a special delivery to bring home the goods November 11, 2012 THE Royal Mail’s privatisation has been lost in the post for too long to get your hopes up right now. But if Royal Mail delivers first class half-year results tomorrow, it will pave the way for an initial public offering (IPO) next year. The state postal giant, which employs 159,000 people in the UK, has [...]
Hague faces suit on drone strikes March 11, 2012 Lawyers for the family of a man killed in a US drone attack in Pakistan said they would begin legal action against foreign secretary William Hague today, accusing him of complicity in strikes they say broke international laws. London law firm Leigh Day & Co said it had “credible, unchallenged” evidence that Hague oversaw a [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 30, 2012 FINANCIAL TIMES Airline levy could aid UK border chaos Airlines using London’s Heathrow airport would pay higher landing fees to help sort out Britain’s border chaos under a plan backed by David Cameron. BAA, Heathrow’s owner, is studying the proposal, which foresees airlines funding extra Border Force staff through the charges they pay the airport [...]
Watson ends 24-year wait for Brit title October 14, 2012 BRITAIN’S Heather Watson paid tribute to her rivalry with friend Laura Robson after becoming the first female tennis player from this country to win a WTA tour title for 24 years. Watson, 20, had to save four match points before beating Chinese Taipei’s Chang Kai-Chen 7-5, 5-7, 7-6 (7-4) in a rollercoaster three-hour final at [...]