In today's FT: China seeks to alter World Bank report, Whitehall sh...


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Financial Times
In today's FT
Tuesday May 07 2013

Financial Times - UK Homepage
 
China seeks to alter World Bank report
The row is an example of China's growing assertiveness at international bodies and its increased willingness to challenge liberal economic prescriptions
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/6ANVJ4/9A/h?a1=2013&a2=5&a3=6
 
Whitehall shuns business gurus
A drive to increase business knowhow by appointing leading figures as non-executive directors has patchy results, with some rarely being consulted
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/NRASCV/9A/h?a1=2013&a2=5&a3=6
 
Protests mount on use of BP Gulf spill funds
The controversy is a foretaste of even fiercer disagreements that are likely over the much larger sums expected to flow into the region
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/HI6DHA/9A/h?a1=2013&a2=5&a3=6
 

Financial Times - US homepage
 
US says China is stepping up cyber war
The Pentagon's comments represent perhaps the strongest yet about an issue that is raising the ire of many of Beijing's critics in Congress
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/EKBW1V/9A/h?a1=2013&a2=5&a3=6
 
Facebook set to introduce video ads
Move by the social networking site is a bid to tap into the vast budgets that marketers spend on television that tower over online ad spending
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/EKBWL3/9A/h?a1=2013&a2=5&a3=6
 
Setback for online retailers in US sales tax battle
Ebay said that it would fight the legislation to protect 'small businesses' with less than $10m in sales and fewer than 50 employees
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/MJ2903/9A/h?a1=2013&a2=5&a3=6
 

Financial Times - Europe homepage
 
Brussels trains its sights on Slovenia
Government infighting is detracting from Ljubljana's effort to reform its banking sector and the European Commission is being pushed to step in
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/K9CE8C/9A/h?a1=2013&a2=5&a3=6
 
Rio to proceed with $5bn iron ore expansion
Anglo-Australian resources group to press ahead with plans to boost Pilbara mines output barring any big changes to supply-demand balance
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/OFZJVR/9A/h?a1=2013&a2=5&a3=6
 
Lufthansa switches course on new chairman
Dispute highlights a schism between German and foreign shareholders on importance of independent voices among non-executive directors
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/A51734/9A/h?a1=2013&a2=5&a3=6
 

Financial Times - Asia homepage
 
New York state to sue BofA and Wells Fargo
The state's attorney-general alleges the banks broke new rules over how mortgages are serviced, in violation of a $25bn settlement
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/NRASCL/9A/h?a1=2013&a2=5&a3=6
 
Sharif plans talks with army and Taliban
The former prime minister says he will confront the country's 'gigantic' terror problem if his party wins this week's general election
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/3CJOEB/9A/h?a1=2013&a2=5&a3=6
 
Chipmakers' capacity restraint has sharp effect
New capacity for making D-Ram and Nand Flash chips is set to be restrained as the dominant companies change strategy despite the strength of demand
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/4VR09K/9A/h?a1=2013&a2=5&a3=6
 

World News - latest world news headlines - FT.com
 
Former Italian PM Giulio Andreotti dies
One of Italy's most prominent postwar figures, who was prime minister seven times, has died in Rome at the age of 94
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/HI6DB9/9A/h?a1=2013&a2=5&a3=6
 
EU plans migrant jobless benefit reform
The mandatory period for nations to support their citizens seeking work in another member country could be extended from three months to at least six
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/HI6DHX/9A/h?a1=2013&a2=5&a3=6
 
Skilled labour shortage tests Germany
While Spain's unemployment rate is one of the highest in the western world, in Germany the problem is the opposite – a dearth of labour
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/CWT5UE/9A/h?a1=2013&a2=5&a3=6
 
Malaysian result masks social change
Nature of country's election result could complicate efforts of Najib Razak, prime minister, to carry forward crucial economic and domestic reforms
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/LSVQOE/9A/h?a1=2013&a2=5&a3=6
 
Cost-sharing makes mark on US healthcare
The use of high-deductible plans in the ACA has prompted a debate about the affordability of such programmes and the changes in behaviour they encourage
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/VTK14V/9A/h?a1=2013&a2=5&a3=6
 

Companies news and analysis - FT.com
 
BofA in $1.7bn lifeline settlement with MBIA
The settlement comes as UBS agrees to pay $358m to Assured Guaranty to settle claims that it underwrote faulty residential mortgage-backed securities
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/IEOYB0/9A/h?a1=2013&a2=5&a3=6
 
IMG owners eye auction to top $2bn bid
Opening salvo in a sale expected to draw high-profile bidders for agency representing stars such as singer Taylor Swift and model Heidi Klum
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/YGIHX1/9A/h?a1=2013&a2=5&a3=6
 
Hess and Elliott Management fight hots up
Five nominees put forward by Hess board take unusual step of issuing an open letter, accusing rivals of having failed to 'do their homework'
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/YGIHKK/9A/h?a1=2013&a2=5&a3=6
 
California jeweller to plead guilty over trading tip-offs
Shaw and prosecutors agreed to prison sentence ranging from 37 to 46 months, but given his co-operation he is likely to face a shorter prison term
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/7Z32J1/9A/h?a1=2013&a2=5&a3=6
 
Brussels charges Google unit over patent
Brussels serves 'statement of objections' over an injunction against Apple in Germany concerning a wireless patent that is part of an industry standard
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/HI6DBU/9A/h?a1=2013&a2=5&a3=6
 

Markets
 
Global stocks rise in thin trading
European shares fall on weak PMI after early advances in Asia while election boosts Malaysian asset prices and dollar strength highlights weakness for Aussie, yen and euro
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/B4LM3G/9A/h?a1=2013&a2=5&a3=6
 
US junk debt yield hits historic low
In the space of five months, the average yield on US junk debt has tumbled from above 6 per cent, a journey that some warn is too fast
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/9MUZFL/9A/h?a1=2013&a2=5&a3=6
 
S&P tipped to avoid spring swoon
The issue for investors is whether a market sporting a gain of more than 13% this year has room to extend and avoid its first May sell-off since 2009
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/7Z32J8/9A/h?a1=2013&a2=5&a3=6
 
Aussie sinks on rate cut expectations
Australia's currency fell against the US dollar on Monday as retail sales unexpectedly fell in March, adding to concerns over the health of the Australian economy
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/XBYTXT/9A/h?a1=2013&a2=5&a3=6
 
Apollo leads US stocks to new high
US stocks reached a record level yet again after shares in Apollo Global Management hit an all-time high on stronger-than-expected quarterly earnings
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/PN7R2C/9A/h?a1=2013&a2=5&a3=6
 

Financial Times - Comment
 
Toxic smog smothers the Chinese dream
The fact that 'green' activists are allowed to speak out may be a sign that Beijing is ready to act over the country's appalling pollution, writes Gideon Rachman
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/6ANVS8/9A/h?a1=2013&a2=5&a3=6
 
Hard grind begins for Asia's baby tiger
Myanmar is moving into the taxing phase of implementing reform, and ministers and citizens are asking when western investment will begin to flow
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/GY8KTV/9A/h?a1=2013&a2=5&a3=6
 
It would be folly for Cameron to ape Ukip
This is already an exceptionally conservative government – there is little scope to move to the right without testing the limits of sound government, says Janan Ganesh
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/YGIHXN/9A/h?a1=2013&a2=5&a3=6
 
Lessons for Obama from Bush's wars
There are no good options facing the president – and he knows it. He understands that the Iraq war was a disaster of biblical proportions, writes Jurek Martin
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/FDGXTL/9A/h?a1=2013&a2=5&a3=6
 
Banish threat of Europe's zombie banks
A sector kept alive by implicit state guarantees of all its liabilities needs new and thorough stress tests, say Harald Benink and Harry Huizinga
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/20S6E9/9A/h?a1=2013&a2=5&a3=6
 

Financial Times - Management
 
School for stardom
From Amy Winehouse to Adele, the Brit School in London has long helped young people enter the artistic industries and even become stars
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/RP5NZ8/9A/h?a1=2013&a2=5&a3=6
 
Graduates still in line to join the banks
Today's highly intelligent new recruits will only realise their potential and render themselves socially useful if they aim higher than mere monetary reward
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/ULXU5Z/9A/h?a1=2013&a2=5&a3=6
 
Nivea Men 'Originals'
The advertising campaign for male moisturers is a loose jumble of clichés, and as they slip easily from the memory, so too does the product
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/YGIHKG/9A/h?a1=2013&a2=5&a3=6
 
Bavaria's mix of tradition and innovation
The family-owned Dutch brewer came up with modern marketing tactics and new products in an effort to compete with its bigger, multinational rivals
http://link.ft.com/r/8P1R88/SUVOQK/GKB29U/08LWCD/6ANVJ7/9A/h?a1=2013&a2=5&a3=6
 
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Open-source behind government's digital drive

Governments are increasingly using online and digital means to communicate with citizens. The UK government's website, gov.uk, recently won the Design Museum's Design of the Year award and was built using open-source technology. Tom Loosemore of Government Digital Service and Bryan Glick of Computer Weekly talk to the FT's Seb Morton-Clark about the potential of open source software to be deployed in other aspects of governance.


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