What the other papers say this morning

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Here's what the other papers say this morning (Source: Getty)

Here are today's top stories from across the papers:

Financial Times

Barbie sales jump for second straight quarter

Mattel’s efforts to revive Barbie purchases appear to be paying off as sales of the doll climbed for the second straight quarter, helping lift the toymaker’s shares in extended trading. But the company still missed earnings estimates by a penny. California-based Mattel said sales of its Barbie dolls jumped 17 per cent to $350m in the third quarter.

VC funding drops for European tech start-ups

Venture capital investment in European companies fell sharply in the third quarter, which will fuel concerns that uncertainty surrounding Britain’s exit from the EU is damping investor enthusiasm for start-ups across the region. European companies raised €2.1bn from venture capital funds in the third quarter, a 32 per cent fall.

The Times

Edf ordered to switch off five reactors

The company building Britain’s first nuclear power station for 21 years has been told to shut down five more reactors in France for emergency tests. The order from the French Nuclear Safety Agency is a further blow to the finances and reputation of EDF.

Middle class pay £10,000 care homes ‘stealth tax’

Middle class families are paying a “stealth tax” of £10,000 a year for places in care homes for the elderly, a study has found. The extra charge is being used to subsidise residents who cannot pay themselves and have to rely on council funding.

The Daily Telegraph

UK will be the loser from new takeover rules

Top businesses have spoken out about the damage that a heavy-handed clampdown on foreign takeovers is likely to inflict on the UK’s interests at home and overseas. Corporate giants including Rolls-Royce and Samsung have expressed their fears that new powers to block foreign bids will be at the heart of Theresa May’s plans.

boeing bullish on trillion dollar spree

European airlines will spend $1.1 trillion on new aircraft over the next two decades as air travel booms and demand for smaller, low-cost carriers soars, according to US giant Boeing.

The Wall Street Journal

US Housing Starts Fell 9pc in September

Housing starts fell for the second straight month in September, but builders received more permits, a sign residential construction should pick up in the coming months amid steady demand.

Google Signs Up CBS for Planned Web TV Service

Google has reached an agreement with CBS to carry the broadcast network on its soon-to-be-launched web TV service, people familiar with the matter said. The deal made CBS the first major TV network to sign on to the new TV service, which will be housed on Google’s YouTube platform.

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