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What the Papers SayBack

The Financial Times

Companies and Markets

Uber suffers Hong Kong setback after police sting leads to arrests of drivers


Uber has suffered another setback after police raided the taxi-booking app’s Hong Kong office and seized computers following a sting operation that led to the arrests of five drivers.

The drivers, who had allegedly accepted fares from undercover police officers, were accused of driving without the required permits and insurance, local media reported.

How oil plunge has upended companies and economies

Halving of price has reshaped industries, hit exporters and buoyed consumers

(The drop has caused problems in oil-exporting companies, caused lay-offs in energy companies along with the scrapping of billion-dollar projects and created difficulties for smaller oil companies)

Opec pumps more oil despite Saudi cut

Supply from rival producers proves more resilient than expected

Saudi Arabia scaled down its oil production from record levels last month but Opec output reached the highest level since 2012.

Copper and oil hit by Beijing moves as gold rises

Commodities from metals to oil fell yesterday after China devalued its currency, renewing concerns about growth in the world’s largest consumer of raw materials.

The Times

Breathalyser failure

A drink-driver who killed a boy when he mounted a pavement escaped a charge of causing death by dangerous driving because a police Breathalyser failed to work.

Passers-by rescue woman trapped under taxi wheels

A woman who was trapped under a 16 tonne black cab in London was rescuyed by more than 30 passers-by who rushed to lift it off her.

Green light for roads that power your car

Trials of Scalextric-style roads will start within weeks as part of a multimillion-pound plan to encourage motorists to drive electric cars.

Tests on practice tracks will begin in the autumn to develop technology that allows electric and hybrid cars to be charged as they are driven. The wireless system involves transferring power from an electric cable buried in the road to a passing car, dramatically boosting the vehicle’s range.


Land Rover finds Slovakia 4×4 better

Production of the new Land Rover Defender— the vehicle descended from the original postwar Land Rover— is to be switched to Slovakia, prompting fears that thousands of British workers will have their jobs exported to Eastern Europe.

The Daily Telegraph

Drive out of your way for cheaper fuel? It’s futile

Motorists who drive out of their way to find cheaper fuel are wasting their time and money, a study suggests.

Travelling just two miles extra is “pointless” unless the saving is greater than 1p per litre on diesel or petrol, according to research into fuel prices and car efficiency.

The Guardian

Shell ready to resume drilling for Artic oil after safety vessel arrives

Shell is set to restart its hunt for Artic oil, three years after the company’s last ill-fated venture north.

Posted by Lois Hardy on 12/08/2015