Telecom Italia, Telefónica battle for GVT

Vivendi receives two new offers for Brazilian unit

US probes wave of cyber attacks on banks

FBI explores whether hacking is revenge for sanctions on Russia

‘Internet of things’ chipmaker eyes sale

UK’s CSR assessing takeover offers from rival semiconductor makers

Privately educated dominate UK’s top jobs

Britain ‘deeply elitist’ says government appointed commission

Hays reports 12% growth in pre-tax profit

UK-listed recruiter sees strong growth in UK and Ireland

Lombard Odier posts $68m profit in first results

Swiss wealth manager follows Pictet in revealing earnings

Germany looks at migrant child benefit cap

Public concern pushes governments towards restrictions

Malaysia Airlines cleared for big revamp

Government approves plan to cut jobs and reduce long-haul routes

Lending Club seeks over $500m in IPO

Peer-to-peer lender likely to be valued at about $5bn

Russians cool on luxury London homes

Proportion of high-end property bought by foreigners drops 20%

New cancer drugs are tested in a laboratory

NHS to shake up appraisal of cancer drugs

Changes put pressure on pharma companies to cut prices

Comment and Analysis

Airlines fight for the right to recline

Passenger row highlights the problems thrown up by aircraft economy measures

Erdogan’s shadow hangs over Turkey premier

Ahmet Davutoglu faces a treacherous political landscape

Ryanair faces test with Business Plus

Convincing fliers to pay more for a few perks may prove difficult

Best comments from our readers

"It's certainly true that the model of shareholder control is utterly broken. What Prof Mayer seems to miss is that modern shareholders do not fit the model - they are predominantly financial players rather than investors, interested in short-term share price movements rather than the activities of management or the performance of the company."
By RogC on Opportunist shareholders must embrace commitment


"Merkel is fighting the wrong war. Russia poses a far greater threat to Germany than does Italy's bid for a temporary relaxation of budget rules to ease the pain caused by structural reforms."
By Tribunus Plebis on EU looks to Italy’s foreign minister as foreign policy chief


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