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Monday Papers: World rounds on Russia over Crimea move

Monday Papers: World rounds on Russia over Crimea move

Top stories

  • Financial Times: The international community on Sunday rounded on Russia, condemning its creeping invasion of Ukraine’s Crimean peninsula and warning it could face economic isolation.
  • The Daily Telegraph: Rolls-Royce facing inquiry over Indian jet bribes claim; Indian defence minister is said to have called in detectives from the Central Bureau of Investigation (CBI) after allegations of bribes were made in an anonymous letter.
  • The Daily Telegraph: As Russia threatens Crimea, one of the Ukraine’s main export routes for the millions of tonnes of grain exports every year, food prices may shoot up in UK.
  • The Guardian: Rising imports of fuel and food prices have eaten into real incomes, putting UK at risk of volatile global economy.
  • The Daily Telegraph: Farmers in fear after Tesco cuts price of milk; Worries that Tesco milk price is first shot in price war that will squeeze already hard-pressed dairy farmer.

Business and economics

  • Financial Times: Deflation fears drive down eurozone borrowing costs.
  • Financial Times: Britain plans to scrap VAT on Bitcoin trades.
  • Financial Times: China has overtaken Europe by building hundreds of thousands of masts to carry superfast 4G mobile signals.
  • Financial Times: Russian Gazprom raises threat of higher gas price to pressurise Ukraine.
  • Financial Times: The biggest shareholder in Ecobank Transnational has accused its chief executive of using the bank for “personal gain” and demanded his immediate resignation.
  • Financial Times: Royal Bank of Scotland is set to become the latest European bank to sharply pare back its US business in response to new rules from the Federal Reserve.
  • Financial Times: Lego examines 3D printing to keep its finger on digital pulse.
  • Financial Times: The Securities and Exchange Commission is investigating the alleged fraud at Citigroup’s Mexican subsidiary.
  • The Daily Telegraph: Canadian energy company Rathlin plans shale tests in northern England.
  • The Daily Telegraph: UK firms bringing manufacturing back home.
  • The Daily Telegraph: Aviva’s Regan loses £7.25 million in share awards; insurer axes outgoing finance director's shares as a result of his decision to quit.
  • The Guardian: Rising housing market spreads beyond London and south-east; property prices up for more than half of England and Wales for first time in a decade, with an average rise of 0.7% in January.
  • The Guardian: Shelving £42.6 billion high-speed rail project would result in clogged transport networks and engineering brain drain, according to a report to be launched on Tuesday, a coalition of industry experts and infrastructure firms.
  • The Guardian: Legendary investor Warren Buffett has sold down his shareholding in ailing Tesco by almost 30%.
  • The Daily Telegraph: Buffett loses £537 million by not consulting partner; billionaire investor admits he made a "big mistake" in spending $2 billion to buy EHF debt without asking for the opinion of his long-serving collaborator Charlie Munger.
  • Daily Express: Almost half of overseas-owned UK small firms are underperforming, a research from private equity firm Endless found.
  • Daily Express: Jaguar Land Rover invests £100 million in a new factory in Saudi Arabia.
  • Daily Mail: RBS plots rescue plan for troubled Ulster Bank and enters into talks to merge it with competitors.
  • Daily Mail: John Lewis forced to cut 85,000 staff bonuses after running up costs servicing its £840 m pension deficit.

Share tips, comment and bids

  • Daily Express: Electronics retailer Maplin is being charged up for new ownership in a potential £400 million deal.
  • Daily Express: Antique bookshop Mayfair to be listed for £16 million on AIM.
  • Daily Mail: Chinese firm Geely which bought the makers of London's iconic black taxis snaps up another British car company, Emerald Automotive.
  • Financial Times: Premier Foods is expected to announce a rights issue of just over £350 million and corporate bonds worth £400 million.
  • Financial Times: Traders expecting a sharp fall for both the rouble and Russian markets on Monday morning as investors scrambled to respond to the weekend’s bellicose developments.
  • Financial Times: Tate & Lyle is set to entrench its slightly unenviable position as the FTSE 100’s top “yo-yo” company, with its expected demotion from the blue-chip index this week.
  • Financial Times (Lex): VW/Scania: Investors in Sweden’s truckmaker could drive a harder bargain.
  • Financial Times (Lex): Erste Bank: The bank’s wizards turn bulls into bears.
  • Financial Times (Lex): Retail property: The Great North has shown the way to extract value from store locations. Too bad it can’t quite be copied in the US.
  • Daily Mail (Comment): The BoE risks creating another financial crisis if it keeps interest rates too low, warns former monetary policy committee member, Andrew Sentance.

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