What the other papers say this morning

FINANCIAL TIMES

TNK-BP fails in London civil suit bid
TNK-BP, Russia’s third-largest oil producer and the subject of a high-profile sale, has failed in its attempt to sue a former director for civil fraud in English courts. A €39m (£31m) freezing order gained by TNK-BP on its former head of logistics, Igor Lazurenko, his wife, former business partner and a string of offshore companies used to finance hotels in Montenegro, must be discharged, the High Court ruled, after it found that Russian courts, not English ones, were the proper venue to resolve any dispute.

Clinton seeks de-escalation in Gaza
Hillary Clinton, US secretary of state, has called on Israel and the Islamist Hamas group to “de-escalate” their week-long bloody conflict, lending US support to the intensifying international effort aiming to end the conflict in the Gaza Strip.

Greenhouse gases hit record level
The amount of greenhouse gases present in the atmosphere once again rose to record levels last year, the UN has reported, reinforcing scientists’ warnings that the world may be on course for dangerous global warming.

THE TIMES

CofE votes against women bishops
The Church of England’s vote last night to reject women bishops has thrust it into its biggest crisis for decades. Justin Welby, the next Archbishop of Canterbury, was dealt a blow after speaking out in favour.

Reckitt ready for US vitamin boost
The withdrawal of a rival bidder has put Reckitt Benckiser in the driving seat to secure a $1.4bn (£879m) takeover of Schiff Nutrition, an American manufacturer of vitamins.

The Daily Telegraph

France deplores Moody’s downgrade
France’s foreign minister Pierre Moscovici said yesterday he “deplored” the decision of Moody’s to strip the country of its AAA credit rating but still dismissed the downgrade as irrelevant.

Huawei donates to Tories/Lib Dems
The Conservatives and Liberal Democrats have taken more than £18,000 in donations from Huawei, a Chinese communications company accused of posing a threat to US national security.

THE WALL STREET JOURNAL

News Corp buys 49pc of YES
News Corp has agreed to buy a 49 per cent stake in New York sports network YES. A price was not disclosed, but sources said that the entire network is valued at near $3bn (£1.8bn).

Treasury official potential SEC chair
A US Treasury official who played a key role during the debt-ceiling debate, Mary John Miller, is under consideration to be the next chairman of the Securities and Exchange Commission.