What made the nationals: sponsored by PressChoice
FATE OF EUROZONE RESTS IN THE HANDS OF GERMAN JUDGES
By Kate Connolly in Berlin
Judges of the German constitutional court will rule this week on whether to give the green light for the euro rescue fund. They have the potential to throw the stock exchange into turmoil, trigger frenzy on bond markets and bring down the German government. So the eyes and ears of the eurozone will be on the eight judges of Germany’s highest court this week when they deliver a verdict over whether a financial rescue fund of the euro gets the green light. A dissenting ruling from the court, would probably cause havoc on money markets and cast doubt on the future of Europe’s single currency.
EU BANKS FACE RINGFENCE ON TRADING ASSETS
By Patrick Jenkins and Brooke Masters
Europe’s big banks could be forced to ringfence trading assets under a plan emerging as the recommendation of an EU-wide review of banking. With a month to go until the Liikanen review is due to be completed, people close to the project said a clear majority was emerging in favour of a combination of the US and UK approach to structural reform of banks – taking elements of both the Volcker and Vickers rules.
GLENCORE TO UNVEIL CONCESSIONS TO WOO XSTRATA INVESTORS
By Garry White, and Helia Ebrahimi
Glencore will unveil last-ditch concessions on Monday to persuade Xstrata investors to back its revised £36bn bid for the miner, including retaining its chairman Sir John Bond at the head of enlarged group. In an effort to placate a growing backlash from Xstrata shareholders, Glencore chief executive has also offered compromises over the role of his opposite number at Xstrata, and over the structure of the proposed deal.
RETAIL BOSS: RED TAPE IS WORSE THAN EVER
By James Waterson
THE COALITION will today announce plans to exempt hundreds of thousands of businesses from health and safety inspections, as one of the country’s leading businessmen criticised the coalition for taking too long to start tackling red tape. Justin King, chief executive of Sainsbury’s, said the coalition’s decision to focus its efforts on economic growth after two years in power shows it “didn’t take the decisions that it could have taken early enough”.
RBS HOPES LOAN SCHEME WILL HELP BOOST RECOVERY
By Philip Waller
Royal Bank of Scotland is to use the Bank of England’s new £80billion funding for Lending scheme to help manufacturers as a survey raised fresh hope of recovery from the double-dip recession. RBS, which is majority-owned by the Government, said it planned to use cash from the scheme to back its manufacturing fund for medium-sized businesses.
HEALTH AND SAFETY INSPECTIONS CUT IN ANTI-RED TAPE DRIVE
Plans to exempt thousands of businesses from health and safety inspections are to be announced by ministers. Under new rules to be introduced in April 2013, checks will no longer be routinely carried out on premises considered to be low risk, like shops. Ministers say the checks can place an unnecessary burden on some businesses but some trade unions say it risks the safety of employees and customers. The government plans to scrap or change more than 3,000 regulations. It says its drive to cut bureaucracy will save companies millions of pounds.
SLIDE IN PERMANENT JOBS ‘IS EASING’
New research suggests a decline in permanent jobs is easing but that pay for temporary workers is getting worse. A long-term decline in the number of permanent jobs in Britain is easing, a new survey suggests. According to the study by KPMG, temporary jobs are also on the increase, for the first time since last Christmas. Data taken from recruitment consultancies also indicates that the most sought-after workers are in the medical and care sectors.