7th June 2011
In the Telegraph, European Union plans to impose a green levy on all airlines could trigger an international trade war, Willie Walsh has warned.
From the Telegraph, British insurance consolidator Resolution is to return £500m of surplus cash to investors as it prioritises merging its existing assets rather than pursuing new takeovers.
Also from the Telegraph, British banks' lenience to struggling customers may be disguising the dangers the institutions face, the International Monetary Fund warned as it delivered its latest verdict on the UK economy.
In the Guardian, The $20bn valuation being talked about for such a young, loss-making company with heavyweight competitors is ridiculous.
From the Guardian, Wealthy shoppers regularly write big cheques for Prada's python leather handbags and Miu Miu dresses, but the Italian fashion brand drew gasps on Monday when it hung a near £9bn price tag around its neck as it looks to sell shares to wealthy Asian investors.
The Independent, Exchange Traded Funds, or ETFs, were meant to be cheap, transparent, and easy for investors to understand. But you can always count on financial tinkerers to turn something that is elegantly simple into something complicated – just because they can. The Chinese call this drawing legs on a snake, or, put another way, who would dream of painting a moustache on the Mona Lisa?
In the BBC News, Increasing gas supply and demand for the fuel could set off a "golden age of gas", the International Energy Agency (IEA) said.
From the Daily Mail, Shoppers face a 10 per cent rise in the cost of a new suit as wool prices soar, retailers have warned. Floods and droughts in Australia have left the world's biggest producer of wool struggling to keep up with demand, which has seen the cost more than double in a year.