What the other papers say this morning


EADS offices raided over Austria sale
Police have raided several offices belonging to the European aerospace and defence group EADS as part of an inquiry into whether bribes were paid to smooth the sale of Eurofighter Typhoon jets to Austria.


Occidental Petroleum vying for Yates
Occidental Petroleum is among those vying for Yates Petroleum, one of the largest closely held oil companies in the U.S., in a deal that could fetch as much as $3 billion (£1.88bn), according to people familiar with the talks.


Europe fears US energy gap
Europe’s ability to compete against the US as a manufacturing centre is being damaged by rising energy costs as North America benefits from cheap natural shale gas, Germany’s biggest companies are warning. The energy cost advantge for US firms is rising, BDI said.

The Daily Telegraph

ING blow to small firm investment
Hopes of small business driving the UK’s economic recovery have been dealt a blow after a leading finance provider withdrew a crucial source of finance for entrepreneurs. ING is pulling out of the UK leasing industry, which thousands of small companies rely on to fund growth and investment.