What the other papers say this morning – 24 May 2013

FINANCIAL TIMES

Mario Draghi in City of London calls for more European UK
Mario Draghi, president of the European Central Bank, tackled the political debate surrounding Britain’s EU membership on Thursday night, telling a City of London audience that Europe needed “a more European UK”. Mr Draghi’s comments in a speech at the City of London Corporation, reflect unease in continental Europe about the damaging effects to the bloc that might arise from a British exit from the EU.

Spain’s banks face more provisions
Spanish banks will need to put aside increased provisions of up to €10bn to cover loans that borrowers will struggle to repay, according to an estimate by the Bank of Spain.

Cable welcomes UK branch of Fraunhofer research group
Vince Cable has welcomed the launch of a UK branch of Fraunhofer, Europe’s biggest applied research organisation, in another sign of the business secretary embracing German-style industrial policy in his effort to rebalance the economy.

THE TIMES

British Land puts £500m bet on gateway to the west
British Land is poised to splash hundreds of millions of pounds investing in a signature development that marks the capital’s gateway to the west.

Tata Steel feels Europe’s recession
One of Britain’s biggest private sector employers has plunged into the red as Tata Steel racked up losses of £780 million in the first three months of 2013, the last quarter of its financial year.

The Daily Telegraph

David Cameron reaches out to China
The Prime Minister said that he wants the UK to be “the destination for Chinese investment”.His comments came weeks after Downing Street refused to apologise to China over a meeting Mr Cameron held with the Dalai Lama last year.

Amazon plans for futuristic HQ
The internet company revealed photos and sketches of the plan, which will be submitted to Seattle city officials, becoming the latest of the technology heavyweights to unveil a bold new headquarters plan.

THE WALL STREET JOURNAL

EU, Turkey Aim To Tighten Relations
Turkey and the European Union have pledged to press ahead with Ankara’s stalled bid to join the 27-nation bloc, seeking to rekindle cooled relations and meet common challenges ranging from the Syrian civil war to economic woes in the euro zone.

Materials Led to Bangladesh Collapse
A government panel found substandard building materials among the reasons for a factory building collapse outside Dhaka last month.