Spain asks Germany to boost growth
Mariano Rajoy has called on Germany and other creditor countries in the Eurozone to do more to stimulate growth, arguing that a switch to a more expansionary policy would boost economic recovery across the single currency area. “I think that in this moment, when there is a need for growth, those who are able to implement growth policies should do it,” the Spanish Prime Minister told the Financial Times. “What is clear is that you cannot ask Spain to adopt expansionary policies at this time. But those countries that can, should.”
Pair face insider trading charges
Paul Milsom, a former sales trader at Legal & General’s investment management arm, and Graeme Shelley, a broker, will face charges today in the UK financial regulator’s biggest ever insider-trading investigation.
Ford seeks control of pickup market
Ford Motor yesterday signalled its determination to retain leadership of the US commercial vehicle market when it unveiled a striking concept for a new pickup truck alongside the introduction to the US of its European transit van family.
Curtain to be brought down on PPI
The banking industry and the Financial Services Authority are in talks to set a new cut-off date to put an end to the continuing multibillion-pound stream of claims for the mis-selling of payment protection insurance.
Shake-up seeks to cure AstraZeneca
The new boss of AstraZeneca has dismissed two of the drugs company’s leadership team as part of a shake-up intended to tackle flagging sales and scientific setbacks.
The Daily Telegraph
Germany pulls gold from New York
Germany’s Bundesbank is to repatriate gold reserves held abroad to tighten control and combat currency crises in the future, pulling a chunk of its holdings from New York and all its bullion from Paris.
BT’s broadband control attacked
BT has a virtual monopoly in superfast broadband services that puts Britain’s digital future at risk, the chief executive of telecoms company Talk Talk has warned. Dido Harding said regulators need to ensure that there is enough competition.
THE WALL STREET JOURNAL
Air Berlin to cut 900 jobs
Air Berlin said it would shed about 10 per cent of its 9,300 employees by the end of next year, as Germany's second-biggest airline struggles to make good on its investment in the competitive long-haul market.
Airbus A380 faces headwinds
Airbus will report robust sales tomorrow with orders for more than 800 new planes last year. But its flagship A380 superjumbo accounted for only nine of those sales.