Green energy compromise reached
Wind investors will escape deep cuts to subsidies but the coalition will not commit to tough new targets for decarbonising British electricity generation under a compromise deal thrashed out between George Osborne and Ed Davey, the energy secretary.
Under the agreement, to be announced today in parliament, Mr Davey will claim victory for seeing off a treasury threat to cut onshore wind subsidies further than planned, a decision that will anger Tory backbenchers.
Small banks fear rule squeeze
Small European banks are warning that tough EU rules aimed at staving off future taxpayer rescues of bigger banks could wreak havoc with their capital costs and force them to cut back lending.MEPs are seeking to rewrite bank safety rules.
Big push on £2.5bn train deal
The most ambitious train procurement programme undertaken in the UK is expected to be signed off this week after a delay of more than three years, creating at least 500 jobs in the north-east and supporting thousands in the supply chain.
Canadians strike Irish gold
The locals of Ballinvalley in Co Wicklow have known since the Avoca rush of 1796 that there was gold in them thar hills. But it has taken Canadian funding to confirm that the land contains large seams of untapped, high-grade ore.
Carmakers given green light
The lack of a genuine world leader in designing and developing electric and hybrid vehicles could offer a route to the future global success of British carmaking, a leading industry body says.
The Daily Telegraph
Romney would restore British link
Mitt Romney would restore “Anglo-Saxon” understanding to the special relationship between the US and Britain, and return Sir Winston Churchill’s bust to the White House.
San Marino falls victim to euro crisis
Fitch has downgraded the republic, which relies on banking and tourism, from ‘A’ to ‘BBB+’, with a negative outlook meaning that its rating could drop further, following an Italian crackdown on tax evasion.
THE WALL STREET JOURNAL
Obama leads as voter anxiety rises
American voters are growing more polarised and locked in their views as they witness a presidential campaign that is boosting negative feelings about both candidates, a poll shows.
Finland pleased With Moody’s
Finland said it was “very pleased” with the confirmation of the country’s AAA rating by Moody’s, which has left it the only Eurozone member to have a top rating backed by a stable outlook.