What the other papers say this morning


Investment banks eye Europe job cuts
Big investment banks in Europe, including Nomura, Credit Suisse and UBS, are stepping up plans to cut jobs as they seek to adapt to a drastic slowdown in revenues and tighter regulation. Bank executives, headhunters and analysts say that the cuts are shaping up as the deepest since the start of the financial crisis after a disappointing summer dashed hopes of a business revival.

Petrobras faces charges over sea pollution
Petrobras, Brazil's state-controlled oil company, is set to face criminal charges as early as next week for allegedly polluting the waters off the coast of Rio de Janeiro as the country's authorities take a tougher stance.

Twitter beats Facebook
EMarketer, a market research group, published a report suggesting that Twitter will earn almost twice as much revenue from mobile advertising as Facebook this year in the US.


Clouds darken over Dagenham
Unions at Ford are warning of up to a thousand job losses if the American motor giant transfers production of its Transit van engines from Dagenham to Romania.

Sugar puts the South Bank home of IBM on the market
The man who brought Amstrad computers to the public is preparing to put the IBM building on the South Bank in London up for sale for £130m.

The Daily Telegraph

Gulf of Mexico tar balls and Rosneft doubts add to BP woes
BP is facing fresh setbacks in America and Russia after residual oil from the Gulf of Mexico disaster was found on US beaches and doubts emerged over talks to sell its stake in Russian joint venture TNK-BP.

P&O Ferries reviews business as EU woes deepen
P&O Ferries has launched a major review of the business in the face of “tough conditions”.


Qantas plans Emirates deal
In a deal that could intensify pressure on international airlines to examine new forms of cooperation, Qantas Airways and Dubai-based Emirates Airline yesterday unveiled a wide-ranging pact that would align their ticket prices and flight schedules between Europe and Australia.

EU to investigate solar-panel firms
European Union authorities will investigate whether Chinese firms are selling solar panels at unfairly low prices in Europe.