Financial Times
- G8 splits over stimulus versus austerityMerkel resists efforts by other G8 leaders to push eurozone to do more to stimulate growth
- Chinese activist ends odyssey in USDeparture of Chen and his family brings to an end the worst diplomatic spat between Beijing and Washington in over a decade
- Faltering start for the new FacebookGlitches delayed the opening of trading and underwriters had to intervene to prevent the group’s shares falling below the $38 price set on Thursday
- Spain hit by rise in bad bank loansValue of bad loans held by banking sector increased a third during the past year to €148bn and accounted for 8.4% of their entire loan portfolios
- China linked to ‘economic espionage’The Pentagon report says the country will continue to be an ‘aggressive and capable’ collector of sensitive US technological information
- Obama ground forces braced for air warPresident’s team says massive grassroots campaign will be needed to withstand bombardment of negative attack ads from Romney and super-Pacs
- Resource stocks mirror global economyDecline of groups involved in supplying essential raw materials for business show how investors really feel about the global economy’s direction
- Alibaba nears buyback deal with YahooThe deal under discussion would involve the US group selling about $7bn of its stake in the Chinese ecommerce group, valuing Alibaba at $35bn
- Murdoch quashes talk of UK paper spin-offNews Corp’s chief has moved to quash talk about selling its tainted UK newspaper business, saying publishing would remain ‘a core component’
- Expat vote starts Egypt presidential raceOf 100,000 ballots cast by Egyptian expatriates in 20 diplomatic outposts, Dr Aboul Fotouh received 26 per cent of the votes