What the other papers say this Morning

FINANCIAL TIMES

Channel Islands unite over deficits
Guernsey and Jersey are setting aside centuries of rivalry to defeat a common foe: the budget deficit.

Senior politicians on the two islands, which have struggled to balance their books since the onset of the financial crisis in 2008, are considering radical moves to combine public services, including healthcare and prisons.

The two are also co-operating in the international arena, where austerity has turned up the political heat on offshore financial centres.

M&S retail veteran to join Asos
Kate Bostock, the former head of non-food retailing at Marks and Spencer, is to join Asos, the online fashion group, as a senior executive. Ms Bostock, who officially left M&S last week, will join Asos and the company’s board in January.

Twitter founder to focus on start-up
Jack Dorsey, Twitter's product mastermind and the last remaining co-founder still working at the social media site, has stepped back from day-to-day operations to focus on his other start-up, payments firm Square.

THE TIMES

Facebook to launch a Want button
The social network is launching a button letting users to make wishlists informing the world which items they desire most, in an attempt to lay the groundwork for a push into online shopping.

US trains sights on Wells Fargo
The US Government has filed a lawsuit against Wells Fargo that accuses the largest lender in the United States of behaving recklessly in signing up mortgage customers.

The Daily Telegraph

MEP aims to be first female governor
Sharon Bowles said that being a “woman and an outsider”, as well as her deep knowledge of financial regulation, made her a strong candidate to be the first female governor of the Bank of England.

Bill Gates rules out Microsoft return
Microsoft founder Bill Gates has paid tribute to Apple’s late co-founder Steve Jobs for “righting” the business but ruled out making a similar return to his own technology empire.

THE WALL STREET JOURNAL

Romney: No abortion legislation
Mitt Romney continued his shift to the centre yesterday, saying he wouldn’t pursue any abortion legislation if he wins the presidency, but did promise other moves to limit abortions.

China slams Huawei report
China issued its strongest statement yet against a US congressional report urging businesses to spurn two Chinese telecommunications companies, saying the move could hurt relations.