Financial Times
- 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
- G8 splits over stimulus versus austerityMerkel resists efforts by other G8 leaders to push eurozone to do more to stimulate growth
- 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
- 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
- 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
- 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
- Osaka mayor has old guard running scaredThe blunt nationalist, who has divided opinion, will have to get things done in his city if he is to retain the backing of Japanese voters
- 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’
- Chinese desert Hong Kong art marketSales from mainland buyers halved at Sotheby’s spring auctions, which CEO Kevin Ching blames on Beijing’s tightening of access to credit
- 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