Financial Times
- G8 splits over stimulus versus austerityMerkel resists efforts by other G8 leaders to push eurozone to do more to stimulate growth
- Hollande holds line on tax and troopsFrench president tells UK’s Cameron he will not reverse pre-election pledges on financial transaction levy and Afghan withdrawal
- 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
- Bomb explodes outside Italian schoolStunned Italians see parallels with the events of 20 years ago when the mafia responded to a crackdown with bombing attacks
- 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
- Eurozone equities panic sale warningPrivate clients warned not to ditch equities in the face of deepening euro crisis.
- Banking: Back to the wallJPMorgan Chase’s $2bn loss tarnishes the reputation of chief executive Jamie Dimon as a hawk-eyed risk manager prepared to confront regulators
- Briton to head development bankSir Suma Chakrabarti will be the first non French or German president of the European Bank for Reconstruction and Development
- 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’