What the other papers say this morning


Telecoms discuss Europe network
Europe’s top telecoms executives are discussing the creation of a pan-European infrastructure network to unite the continent’s fragmented national markets, following prompting from Brussels to consider more radical options.

The idea of pooling telecoms infrastructure emerged at a private meeting between Joaquín Almunia, the EU’s competition chief, and bosses of Europe’s biggest groups, including Deutsche Telekom, France Telecom, Telecom Italia and Telefonica.

Fed reviews foreign banks trading
The US Federal Reserve is weighing a plan that would allow big foreign banks to avoid costly regulatory changes that were meant to prevent derivatives trading from being subsidised by taxpayers. The banks are currently not able to trade derivatives if they have Fed credit facilities.

Schroders ditches PwC as auditor
Schroders is jettisoning PwC as its auditor after more than half a century in a sign that big companies are becoming more sensitive to claims they are too cosy with the people vetting their accounts.


Electric revolution falls flat
A survey of 200 car industry leaders suggests that billions of dollars spent on producing battery-driven cars over the past decade could have been spent more effectively.

Eurotunnel gives pets an easy ride
The Channel Tunnel operator has reported that last Sunday, for the first time, it had to deal with more than a thousand pets passing through its Calais terminal and on to the train.

The Daily Telegraph

Police officers were “wrong to call for Andrew Mitchell's resignation”
Rank-and-file officers were wrong to call for the resignation of the then-chief whip Andrew Mitchell over the plebgate row, Britain’s most senior officer has said.

McDonald’s Aussie rebrand to Macca’s
International food giant McDonald’s is embracing its Australian nickname, with selected stores around the country changing their signage to “Macca’s” to celebrate Australia Day on 26 January.


Finra to shine light on dark pools
A top US regulator plans to shine a light on dark pools, private trading venues that allow buyers and sellers to post orders that are hidden from the rest of the market.

Qatar to double aid to Egypt
Qatar said it was doubling its financial aid to the Egyptian government with a new injection of $2.5bn (£1.6bn), underlining its role in propping up Cairo’s foreign-currency reserves.