In today's FT: Google challenges Apple with ‘hero’ phone, Regulator...

If this email is not displayed correctly, please click on the following link or open your browser and paste the link into the address field: http://view.ed4.net/v/ZE9K33/SUWHDE/Q4WND1/WLXS67/   In today's FT Thursday May 30 2013 Financial Times - UK Homepage   Google challenges Apple with 'hero' phone New handset will go on sale later this year and will be part of a campaign to drive down the cost of smartphones and end the high profit margins companies like Apple have enjoyed, http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/ULKGSE/1G/h?a1=2013&a2=5&a3=29   Regulators clash over derivatives reforms The US, stung by the 2008 bailout of AIG, is seeking broad authority to police foreign trading that puts domestic taxpayers at risk http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/NRZPK7/1G/h?a1=2013&a2=5&a3=29   Osborne closes £900m tax loophole The chancellor has closed a tax loophole that could have cost the UK up to £900m, and criticised those groups that had sought to exploit it http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/Q35LYJ/1G/h?a1=2013&a2=5&a3=29   Financial Times - US homepage   Berkshire spends $5.6bn on NV Energy NV Energy will be combined with MidAmerican, a power company owned by Warren Buffett's Berkshire Hathaway, boosting its presence in the southwest http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/HIOS7C/1G/h?a1=2013&a2=5&a3=29   Brazil growth hit by consumer caution GDP rises 0.6%, missing forecasts and raising concerns about government efforts to boost spending amid struggling global recovery http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/4VF7TO/1G/h?a1=2013&a2=5&a3=29   US shale output boost 'temporary' Output from shale oil wells is initially prolific, but production declines rapidly, so maintaining output needs new wells to be drilled, requiring a high oil price http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/NRZPKF/1G/h?a1=2013&a2=5&a3=29   Financial Times - Europe homepage   Swiss outline plan to relax bank secrecy law Bern proposes law that would make it possible for Swiss banks to reach individual settlements with US authorities http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/ULKGSS/1G/h?a1=2013&a2=5&a3=29   EU economies win budget deficit reprieve Brussels slows the pace of austerity but warns the bloc is still unlikely to produce solid economic growth in the near term amid growing danger of social unrest http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/87UW8A/1G/h?a1=2013&a2=5&a3=29   Brussels steps up pressure on Hollande European Commission gives list of demands for Paris including public spending cuts, in return for two extra years for France to meet budget targets http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/EKGE2X/1G/h?a1=2013&a2=5&a3=29   Financial Times - Asia homepage   Shuanghui agrees $4.7bn Smithfield deal China's largest pork producer launches an agreed $7bn bid for Smithfield Foods of the US, aiming to satisfy domestic demand for high-quality meat http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/VTD8JK/1G/h?a1=2013&a2=5&a3=29   Dish considers rival cash offer for Clearwire The company led by Charlie Ergen is wrangling with SoftBank as both companies try to acquire Sprint, the third largest wireless provider in the US http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/9M1X6Q/1G/h?a1=2013&a2=5&a3=29   IMF says Abenomics not sparking capital inflows The International Monetary Fund says there is little evidence Japan's monetary easing is spilling over into excessive liquidity in other countries http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/Q35LIA/1G/h?a1=2013&a2=5&a3=29   World News - latest world news headlines - FT.com   Grim view for Iran industries ahead of poll Industries suffer from policies of President Ahmadi-Nejad and sanctions, but presidential candidates in forthcoming poll offer little hope of change http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/MJA3XV/1G/h?a1=2013&a2=5&a3=29   Tehran puts focus on diplomacy with Damascus Iran's alliance with Syria has allowed it to project power into the Levant, in part by facilitating arms supplies to Lebanese militant group Hizbollah http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/NRZPK6/1G/h?a1=2013&a2=5&a3=29   Deficit easing exposes rifts in Italy Enrico Letta, prime minister, is caught between honouring Italy's fiscal commitments to Brussels while finding the funds needed for tax cuts http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/RP4TE0/1G/h?a1=2013&a2=5&a3=29   US house prices rise as fewer lose homes Importantly for the health of the economy, some of the biggest reductions in mortgage problems were in states with the most troubled housing markets http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/Z8QC3N/1G/h?a1=2013&a2=5&a3=29   Companies news and analysis - FT.com   Swiss act to dilute bank secrecy laws Government bows to the inevitable amid intense US pressure by temporarily weakening the nation's once impregnable rules http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/ULKGSI/1G/h?a1=2013&a2=5&a3=29   Goldman adapts to satisfy 1920 maritime law The bank, which owns two ferries, said in a regulatory filing this week that it has increased the number of board members required to hold a valid board meeting http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/7ZP4G5/1G/h?a1=2013&a2=5&a3=29   Shuanghui hopes $7bn deal will allay produce fears The deal gives the Chinese company the helpful imprimatur of a foreign name, which can help dispel some distrust consumers feel towards local produce http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/JQCR5Q/1G/h?a1=2013&a2=5&a3=29   Worrying future for innovation in Europe The region's share of global manufacturing and R&D is falling. And the number of patent applications registered in Europe has also gone down http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/Z8QC3Y/1G/h?a1=2013&a2=5&a3=29   Space miner looks to Kickstarter for funds The Silicon Valley-backed group has set a campaign goal of $1m for a "crowdfunded" telescope to be launched into orbit in early 2015 http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/XBIORP/1G/h?a1=2013&a2=5&a3=29   Markets   Asia shares fall on US bond purchase fears Trading cautious as investors await further economic data from the US, including the week's jobless claims number and first-quarter gross domestic product http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/XBIOFC/1G/h?a1=2013&a2=5&a3=29   US shale threatens to divide Opec Uneven impact of the shale revolution is intensifying an existing financial divide within Opec between the haves and the have nots http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/7ZP4GH/1G/h?a1=2013&a2=5&a3=29   Distressed debt investors focus on Europe Expectations of big profits from distressed debt have so far eluded hedge funds, but they now hope the environment is right to reward creative investors http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/RP4TET/1G/h?a1=2013&a2=5&a3=29   Swiss path questions need for QE unwinding In building up euro reserves exceeding $550bn the SNB has laid the foundation for a Swiss sovereign wealth fund http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/A5LKOL/1G/h?a1=2013&a2=5&a3=29   Smithfield rises as S&P 500 heads lower S&P 500 was on track for worst day of the month, but Smithfield Foods rose 25 per cent on news it would be bought by a Chinese pork producer http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/3CRZLW/1G/h?a1=2013&a2=5&a3=29   Financial Times - Comment   Worry about the jobs revolving door The idea that civil servants are valued for their specialist skills rather than their ability to gain special favours strains credulity http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/A5LK62/1G/h?a1=2013&a2=5&a3=29   Philippines is right to challenge China It is a shame that other countries have not been bold enough to test their maritime claims against Beijing. Step up Vietnam, Japan and Indonesia http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/6A35B4/1G/h?a1=2013&a2=5&a3=29   We need to destroy the jihadist brand The only way that we can win potential violent extremists round to the idea of liberal democracy is by winning the battle of ideas http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/A5LKOJ/1G/h?a1=2013&a2=5&a3=29   French battle is over more than marriage The issue of same-sex union reflects long-running anxieties over the country's future and its struggle to come to terms with a dwindling global stature http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/T1XB9T/1G/h?a1=2013&a2=5&a3=29   Not wanted where I am not needed David Cameron's Ibiza trip is not a long one but it is surely testament to the British spirit that – so far – we have managed to pull through without him http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/DXBIVU/1G/h?a1=2013&a2=5&a3=29   Financial Times - Management   Sales straight from 'the farm gate' Creative industry entrepreneurs from musicians and authors to publishers are using direct-to-consumer business models to sell their products http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/Q35LIV/1G/h?a1=2013&a2=5&a3=29   What is the second most useful language? There are many reasons for an English speaker to learn another language, not least that you know what your foreign colleagues are going through http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/K9VF4P/1G/h?a1=2013&a2=5&a3=29   No need to panic when getting a new skill 'The First 20 Hours' by Josh Kaufman is for those who do not want to be world-class masters but would settle for what the author terms 'good enough' http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/3CRZL4/1G/h?a1=2013&a2=5&a3=29   Corporate, not closeted Many companies have made strides in changing the culture in order to help lesbian, gay and bisexual employees to feel comfortable being open at work http://link.ft.com/r/ZE9K33/GYLYS4/BMU6DR/2OBYLW/T1XBQJ/1G/h?a1=2013&a2=5&a3=29   Special Reports - FT.com Engineering the Future Arab World: Banking and Finance Rail and Metro Golf Video Lex 200 years for De La Rue The world's biggest commercial bank note printer De La Rue celebrates 200 years in business this year. Lex's Vincent Boland and Julia Grindell discuss the group's preliminary results for the past full year and how it is faring in a tough sector. Tools Your account    Portfolio Email Briefings    Price alerts Keyword alerts    RSS feeds Subscribe to FT.com     © THE FINANCIAL TIMES LTD 2013 ABOUT THIS EMAIL You have received this email because you have signed up from the NBE preference page. FT.com Change Briefings  •   Unsubscribe  •   Change Email Address  •   Forward this email to a friend  •   Privacy Policy  •   About Us  •   Help This email was sent by or on behalf of a company owned by Pearson plc, registered office at 80 Strand, London WC2R 0RL. Registered in England and Wales with company number 53723..