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What the Papers SayBack

The Financial Times

BP draws line under Deepwater spill with $18.7bn US settlement


Payout set to be largest in American history

New projects planned for Gulf of Mexico

BP is to push ahead with ambitious new projects in the Gulf of Mexico, after it agreed an $18.7bn settlement that ends all of its disputes with the US and five Gulf states over the 2010 Deepwater Horizon disaster

German carmakers rev up fears over British exit from EU

German manufacturers fear a British exit from the EU will cause more economic harm than a Greek departure from the single currency

Carmakers warned yesterday that a Brexit would hit German exports to the UK and disrupt international supply chains.

Glencore oil chiefs poised to help Iran rejoin the fold

Senior executives from Glencore have met Iranian officials in Tehran ahead of a possible deal on its nuclear programme, in the first sign commodity trading houses are poised to help the Opec member return to the international oil market

Companies and Markets

Doubt cast on Petrobas loss estimate

Figure for hit from graft scandal too low, say Brazil prosecutors

Spotlight on safety after robot kills worker

Big challenge is to make safe next generation of machines that work alongside humans

The killing of a technician by an industrial robot at a Volkswagen plant in Germany sparked a social media storm this week and raised fears about human safety in the coming era of robotics

The Times

BP at risk of foreign takeover after record £12 billion fine

David Cameron will fight to keep BP British after the company was hit by a £12 billion fine that has left it at risk of foreign takeover

Women made to pay more for car repairs

Women drivers whose cars need fixing are charged a “female premium” by sexist garage owners, being forced to pay an average of £45 more than men for the same repair work

The Guardian

Prince calls for end to fossil fuel subsidies

Prince Charles said “profound changes” to the global economic system are needed to avert environmental catastrophe, in an uncompromising speech delivered to senior business leaders and politicians

The Daily Mail

No bungles means FCA boss pockets a bumper 15pc rise

An absence of embarrassing blunders saw the boss of the financial regulator receive a bumper 15pc pay rise last year

Posted by Lois Hardy on 03/07/2015