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What the papers sayBack

The Financial Times

European energy groups seek UN backing for carbon pricing system

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Six companies include Shell and BP

US oil majors shun push for global mechanism

Six of Europe’s biggest oil and gas companies have banded together to ask the UN to let them help devise a plan to stop global warming.

North Sea weakness takes its toll on industry

The manufacturing sector is losing momentum, an industry body has warned, in a sign that problems in North Sea oil and gas are taking a wider toll and threatening the government’s plans to rebalance the economy.

After an upbeat start to the year, manufacturing output and orders have slowed in the second quarter, with declining activity in the oil and gas sector- prompted by a sharp fall in crude prices- having a knock-on effect for suppliers.

Companies and Markets

GM taps into web to catch faults early

US carmaker uses 1,000 people to monitor social media threads

Company looks to avoid mass vehicle recalls

General Motors is using tiny recalls to head off vehicle defects before they turn into the kinds of protracted safety campaigns that have battered the industry’s reputation and taken a toll on profits.

The US manufacturer, still reeling from an ignition switch recall last year, has been scouring social media and blogs to spot potential problems with its cars, helping it catch issues when they affect fewer than 10 drivers.

The Times

Business

Industry fears return of two-speed economy

Growth, investment and recruitment at Britain’s manufacturers have suffered a setback this year as the services sector continues to power ahead, raising fresh doubts about the country’s long-awaited economic rebalancing.

Pensions deadline threat to small businesses

Hundreds of thousands of small businesses are facing the threat of fines for failing to comply with new legislation requiring them to provide staff with a pension.

From today, companies with fewer than 30 employees will start to be phased into the government’s auto-enrolment scheme to ensure that people are saving for their retirement.

Electric car markets are in line for global power surge

The number of electric car charging points is set to grow twelvefold by 2020, with most of them being in people’s homes. According to HIS, a consultancy, there will be 12.7million charging points globally.

Northern economic powerhouse starts to hot up

Plans to build a “northern powerhouse” to rival London have been boosted by research showing that the region’s mid-market businesses are among the fastest-growing in the country.

The Daily Telegraph

Diesel pollution raises risk of stroke

Air pollution from diesel engines which blights many inner cities significantly increases the risk of deadly strokes, according to research.

Business

Car industry’s acceleration rescues the Chancellor

Rising sales for 38 months have boosted the Tory’s credibility

The motor industry has come to the Chancellor’s aid after an inquest on Britain’s productivity record threatened to backfire.

 

The Daily Mail

Cities where jobs outstrip jobseekers

There are now more job vacancies than jobseekers in most UK cities, a report says.

 

The Daily Express

‘L’ of a milestone…80 years of the dreaded driving test

Today marks the 80th anniversary of the introduction of the dreaded driving test.

Posted by Lois Hardy on 01/06/2015