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What the Papers SayBack

The Financial Times

Train fares increasing much faster than wages, says action group

train ticket

Train commuters are being left “seriously out of pocket”, says a report that showed rail fares have risen almost three times faster than wages during the past five years.

Companies and Markets

Industry assesses blast fallout

Companies including Toyota and John Deere have suspended operations near Tianjin in northern China, widening the supply-chain disruption from the two large explosions last week at one of the world’s busiest ports

Quindell tries to break from past with new chief

Mukerjee takes over at insurance software group beset by problems

Quindell, the lossmaking insurance computer software group under investigation by the Serious Fraud Office, has hired a new chief executive as its attempts to draw a line under a recent past beset by problems.

The Times

Countryside opened up to oilmen in fracking drive

At least 2,400 square kilometres of the English countryside will today be thrown open to oil explorers as the government announces a new drive to encourage fracking in Britain.

Cars left unlocked in airport scam

A rogue car valeting company that said it would park holidaymakers’ cars securely near Gatwick airport left them unlocked in fields.

Business

North Sea workers threaten first mass strikes since 1980s

Britain’s North Sea oil industry is set for an ‘autumn of discontent’, as workers threaten to take strike action for the first time in a generation after thousands of job cuts triggered by plunging prices.

Sterling up on hint of rate rise

Sterling rose yesterday as traders reacted to the prediction from a Bank of England rate-setter that interest rates would have to rise before inflation reached the official 2 per cent target.

The Daily Telegraph

Electric bikes hit the streets to take the sweat out of cycling to work

Electric bicycles promise to transform the daily commute and could become a common sight on city roads as early as next year, the boss of Britain’s largest bike manufacturer has predicted.

Business

The Guardian

Crash hangover ‘likely to last five more years’

Global growth will remain sluggish, Moody’s predicts

Correction in China among potential economic shocks

The Independent

Exposed: the great car-hacking scandal (and how Volkswagen spent two years trying to keep it secret)

Tens of thousands of cars are vulnerable to thieves using electronic hacking, according to researchers whose findings were supporessed by a major manufacturer for two years.

The full details of the security loophole, which can now be revealed, show a widely used electronic security device designed to prevent thieves from breaking in and driving off with vehicles could easily be disabled by criminals.

(Instead of hotwiring, criminals are using technology to gain control of vehicles, especially in London, where four out of ten car thefts involve electronic hacking)

The Sun

Down in the pumps: fuel price hope as oil hits 6-year low

The price of oil has plunged to a six-year low— fuelling hopes of a fall in petrol prices

It could also lead to energy giants cutting the cost of household power bills.

Posted by Lois Hardy on 18/08/2015