WHAT THE OTHER PAPERS SAY THIS MORNING

FINANCIAL TIMES

EU TO PROBE DATA TRAFFIC MANAGEMENT
Regulators are to launch the first pan-European investigation into telecoms companies’ controversial data traffic management practices, in an attempt to safeguard so-called net neutrality principles. European regulators will scrutinise whether fixed-line phone and mobile operators are giving consumers enough information about their traffic management policies.

ACTELION GAINS ALLY AGAINST ELLIOTT
The upper hand in the battle between Actelion and Elliott Advisors has shifted in the Swiss biotechnology group’s favour, after one of its biggest investors backed the board and management. BB Biotech, Switzerland’s biggest biotech investment fund, will today tell other investors it will support Actelion’s recommendations at a showdown shareholders’ meeting on 5 May.

AMÉRICA MÓVIL’S FINED $1BN
América Móvil, the pan-American telephone operator controlled by billionaire Carlos Slim, confirmed at the weekend that its Mexican subsidiary has been fined $1bn for “monopolistic practices”. The 12bn peso fine, relating to the area of completing calls to mobile networks, is the largest ever handed out by Mexico’s Federal Competition Commission (CFC), the antitrust body.

CARBON INSURANCE TO BE LAUNCHED
Investors in the fast-developing market for carbon credits will for the first time be able to buy insurance to protect them from the political uncertainty that underwriters believe has held back emissions trading in Europe. Political decisions to change which projects are eligible for carbon credits are one of the many factors holding the market back, as well as uncertainties about what level of emissions infrastructure projects will deliver.

theguardian

IMF RAISES ALARM OVER EXCHANGE TRADED COMMODITIES FUNDS
One of the most successful investment vehicles of the last decade could be sowing the seeds of the next financial crisis, a global financial watchdog warned. Pension funds and retail investors could lose billions of pounds in investment schemes sold widely in the US and Europe with the promise of low costs and higher returns than bank deposit rates.

BA AND UNION CHIEFS TO HOLD TALKS THIS WEEK
Senior figures at British Airways and the Unite trade union will meet this week in the latest attempt to solve the long-running cabin crew industrial dispute. BA chief executive Keith Williams and the general secretary of Unite, Len McCluskey, will hold face-to-face talks at an undisclosed location tomorrow.

The Daily Telegraph

GOVERNMENT SECRETS PUBLISHED ONLINE IN WHITEHALL BLUNDERS
Secret information from at least three separate government departments is available on the internet because of incompetent handling of sensitive material by Whitehall officials. The Ministry of Defence, the Department of Health and the Department for Communities and Local Government have published sensitive documents online, but then failed to properly '”redact”' classified information.

SPAIN JOBLESS TOTAL 'COULD PASS 5M'
The number of unemployed in Spain, which has the highest jobless rate among developed countries, could reach a record of more than 5m, the labour minister has warned. The collapse of the property bubble, compounded by the global financial crisis, has left many people out of work, especially immigrants and youths.

THE WALL STREET JOURNAL
EUROPE

TURKCELL'S BOARD URGED TO REMOVE CHAIRMAN
Negotiators for the Russian and Swedish shareholders in Turkey's dominant mobile-phone operator, Turkcell warned that the atmosphere on the board will turn openly "hostile" and could affect management, if an extraordinary meeting Thursday fails to remove the company's current chairman.

CIC EYES EUROPE OPPORTUNITIES
China Investment Corp is looking for investment opportunities in Europe, though the head of China’s $300bn sovereign-wealth fund is cautious about the continent’s economy. Economic growth in European countries is slowing because of the euro-zone sovereign debt crisis, said CIC Chairman Lou Jiwei on Saturday, noting exports to emerging markets play a key role in driving Europe’s economy.