WHAT THE OTHER PAPERS SAY THIS MORNING

FINANCIAL TIMES

Qatari wealth fund adds Tiffany stake
Qatar’s sovereign wealth fund has made its first big investment in a US public company by acquiring a 5.2 per cent stake in Tiffany, the jewellery retailer known for its diamond rings and blue, ribboned boxes.

Cameron faces mutiny over Lords
David Cameron is facing the biggest Conservative rebellion since the election and a severe test of the coalition, after a mutiny by some of his MPs against plans to introduce elections to the House of Lords

Gavin O’Reilly to step down
Gavin O’Reilly, the chief executive of Independent News & Media is to step down from his role with immediate effect, bringing to an end his family’s 40-year control of Ireland’s largest media company. He is to be replaced by Vincent Crowley, the group’s chief operating officer. The move follows a prolonged period of pressure from Denis O’Brien . Dermot Desmond, the Irish billionaire with 6 per cent of the media group, is also believed to have sought his removal.

THE TIMES

Watchmaker breaks rent record
A luxury Swiss watchmaker is to open a shop on New Bond Street in London, paying a record rent. Breitling is believed to be paying the landlord, a private investor advised by Savills, £1m a year for 130 New Bond Street.

Abu Qatada faces imminent release
Theresa May was on the back foot last night as she faced the prospect of Abu Qatada being released on to the streets in two weeks. The judge said that he would reconsider releasing the cleric jail.

The Daily Telegraph

Qantas A380 set for first flight
The Qantas A380 that suffered an engine blow-out in mid-air, sparking concerns over the safety of the world's most advanced superjumbo, is due to return to the skies on Friday.

Western leaders threaten Syria Western leaders yesterday issued the threat of international intervention to set up “humanitarian corridors” in Syria after the UN warned that President Bashar al-Assad’s regime was failing to honour the terms of a ceasefire.

Obama widens lead as Republican
Barack Obama has opened a lar

Obama widens lead as Republican
Barack Obama has opened a lar

THE WALL STREET JOURNAL

Tech IPO Splunk Doubles on Day One
An unprofitable start-up with a funny name turned in the best stock debut this year yesterday, underlining how investors' appetite in the latest tech boom now extends beyond hot firms like Facebook.

Poll Frames Rivals' Strengths
President Barack Obama's efforts to project himself as a protector of the middle class have strengthened him , while Mitt Romney has gained traction with his argument that he can improve the economy, a new WSJ poll finds.