Cameron pressed on Greening
David Cameron is coming under increasing pressure to appoint a new transport secretary in next month's cabinet reshuffle after the prime minister admitted his support towards the expansion of Heathrow – a policy implacably opposed by Justine Greening.
Republicans eye gold standard
The gold standard has returned to mainstream US politics for the first time in 30 years, with a “gold commission” set to become part of official Republican party policy. Drafts of the party platform, which it will adopt at a convention in Tampa Bay, Florida, next week, call for an audit of Federal Reserve monetary policy and a commission to look at restoring the link between the dollar and gold.
News Corp chief to depart
Jonathan Miller, News Corp’s chief digital officer, is leaving Rupert Murdoch’s media empire at the end of September as the company prepares to split in two. Miller started at News Corp in 2009 and shifted the company’s digital strategy to focus on content distribution deals and online subscription models.
Krispy Kreme eyes Asia to lift profit
The West’s predilection for high fat, high-calorie food is spreading farther across the globe as America’s Krispy Kreme revealed plans to open its first stores in India.
Aggreko talks to power Indian lights
Delhi is considering plans to build huge temporary power stations to prevent a recurrence of the blackouts that left half the country’s population without electricity last month.
The Daily Telegraph
London safe haven aids Derwent
London is enjoying “safe haven” status among investors according to FTSE 250 property company Derwent London. The company, which specialises in offices in London’s West End and the borders of the City, said the Eurozone crisis had driven more investment to the capital.
Fitch targeted by Italian magistrate
Italian prosecutors have compiled a controversial case against Fitch Ratings for allegedly issuing “false and unfounded judgements” against Italy.
THE WALL STREET JOURNAL
GM to cut hours at German Plants
General Motors reached an agreement with labour representatives in Germany to cut production at its Opel unit by sending workers home early as many as 20 times between 1 September and the year end.
Money-Fund Vote Cancelled
Securities and Exchange Commission Chairman Mary Schapiro called off a highly anticipated vote on rules for the money-market mutual-fund industry after losing a swing vote she needed to push through the rule change.