Europe Morning Headlines: Chinese economy slows to 7.5% growth, Apple hires fr...
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Europe morning headlines
Monday July 15 2013
Financial Times - Europe homepage
Chinese economy slows to 7.5% growth
The economy slowed for a second consecutive quarter, increasing the chances that the government will miss its 7.5% annual growth target
http://link.ft.com/r/FG6LAA/XBKZSE/S3MIHV/3C6EGV/6AU8B3/JY/h?a1=2013&a2=7&a3=15
Apple hires fresh talent for 'iWatch'
Tech group brings in fresh expertise amid concern launch of its first new product since Jobs' death could be a year away
http://link.ft.com/r/FG6LAA/XBKZSE/S3MIHV/3C6EGV/7Z16GJ/JY/h?a1=2013&a2=7&a3=15
BP says US law firms reaping a 'bonanza'
'Outrageous results' are evidence that a misinterpretation of the settlement was opening the door to 'absurd' awards, oil company says
http://link.ft.com/r/FG6LAA/XBKZSE/S3MIHV/3C6EGV/CWG2CU/JY/h?a1=2013&a2=7&a3=15
G20 sharpens attack on tax avoidance
Finance ministers from the Group of 20 leading nations plan to launch a new phase of the international crackdown on corporate tax avoidance
http://link.ft.com/r/FG6LAA/XBKZSE/S3MIHV/3C6EGV/Z8SU3J/JY/h?a1=2013&a2=7&a3=15
Chinese warships sail past northern Japan
Chinese navy ships sail through the waters that separate Japan and Russia for the first time, in the latest example of China's growing military reach
http://link.ft.com/r/FG6LAA/XBKZSE/S3MIHV/3C6EGV/CWG2CG/JY/h?a1=2013&a2=7&a3=15
Markets
Markets rise as China GDP meets forecasts
Investors are breathing a sigh of relief that the slowdown to 7.5% in the world's second-largest economy wasn't more severe
http://link.ft.com/r/FG6LAA/XBKZSE/S3MIHV/3C6EGV/9MT068/JY/h?a1=2013&a2=7&a3=15
World News
DoJ weighs Zimmerman charges
Acquittal of George Zimmerman in death of Trayvon Martin sparks largely peaceful protests across several US cities and a split political reaction
http://link.ft.com/r/FG6LAA/XBKZSE/S3MIHV/3C6EGV/EK6Z2B/JY/h?a1=2013&a2=7&a3=15
Merkel seeks EU deal on data protection
Companies would be subject to the same strict privacy rules in all EU states, and not simply legislation in the country where they are registered
http://link.ft.com/r/FG6LAA/XBKZSE/S3MIHV/3C6EGV/6AU8BP/JY/h?a1=2013&a2=7&a3=15
Spain's Rajoy faces fresh demands to quit
Paper publishes revelations that the PM sent supportive text messages to the disgraced party treasurer at the centre of the affair two months after scandal broke
http://link.ft.com/r/FG6LAA/XBKZSE/S3MIHV/3C6EGV/A5HCOC/JY/h?a1=2013&a2=7&a3=15
Hollande vows to push on with budget cuts
French president seeks to address perception that his administration has lost momentum just days after the country's sovereign rating was downgraded
http://link.ft.com/r/FG6LAA/XBKZSE/S3MIHV/3C6EGV/ULYRS7/JY/h?a1=2013&a2=7&a3=15
Iran president rebuilds bond with clerics
Closer relations between the presidency and the clergy is likely to provide a check to the power wielded by the elite Revolutionary Guards
http://link.ft.com/r/FG6LAA/XBKZSE/S3MIHV/3C6EGV/VTIFJQ/JY/h?a1=2013&a2=7&a3=15
Europe News
Spain to get independent fiscal authority
Independent authority will be central to the government's campaign to rein in public deficits and improve fiscal management but critics say it is deeply flawed
http://link.ft.com/r/FG6LAA/XBKZSE/S3MIHV/3C6EGV/87LO8B/JY/h?a1=2013&a2=7&a3=15
Emma Marcegaglia, Business Europe
Italy's highest-profile businesswoman says she plans to be outspoken but helpful as she juggles her new lobbying role with her role as co-chief of Marcegaglia
http://link.ft.com/r/FG6LAA/XBKZSE/S3MIHV/3C6EGV/52PGHH/JY/h?a1=2013&a2=7&a3=15
The dangers of Europe's technocrats
Officials who say the EU has done much to solve the economic crisis are implying wrongly that the situation has improved and the worst is over
http://link.ft.com/r/FG6LAA/XBKZSE/S3MIHV/3C6EGV/9MT06P/JY/h?a1=2013&a2=7&a3=15
European Companies News
Spanish groups: of limited utility
Energy market reforms do not address the fundamental issue of distorted incentives
http://link.ft.com/r/FG6LAA/XBKZSE/S3MIHV/3C6EGV/K9AX4K/JY/h?a1=2013&a2=7&a3=15
CMBS defaults more than double
Rise, which comes as S&P forecasts further delinquencies, underlines difficulties facing Europe's struggling commercial property market
http://link.ft.com/r/FG6LAA/XBKZSE/S3MIHV/3C6EGV/B4BV0C/JY/h?a1=2013&a2=7&a3=15
Dairy companies buck consolidation trend
A small group of privately owned businesses in Devon, Somerset and Cornwall have bucked the trend of industry consolidation in dairy processing
http://link.ft.com/r/FG6LAA/XBKZSE/S3MIHV/3C6EGV/RPX9E7/JY/h?a1=2013&a2=7&a3=15
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