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In the papers - Thursday, 10 April 2008

A business man has offered a prize to anyone who finds his bags after they were lost in the opening day chaos at Heathrow's Terminal 5...

...Michael Birtles is offering two return tickets to Paris on Eurostar if anyone can track down his lost luggage - The Guardian

The heads of British Airways and BAA, the airport operator, are to give evidence before MP's on the opening of Heathrow Terminal 5. The Commons Select Transport Committee is to hold an evidence session on May 7 on the terminal's process - The Times

A three-day inquiry into traffic delays on the A12 on Essex, said to be Britain's worst road is to be led by sir David Rowlands, a retired civil servant from the Department for Transport. He was caught in the jam in October that prompted the inquiry - The Times

A New row has developed about the effects on the quality of air in the capital as a result of plans by Ken Livingstone, Mayor of London, to slap a £25 congestion charge on gas guzzlers, following the release of a report showing that pollution will increase rather than fall. The report was prepared by environmental experts at King's College London for Transport for London and discovered by Porsche, the luxury carmaker involved in a legal challenge over the charge. It suggests that the new levy could increase carbon dioxide emissions in the Greater London area by 182,000 tonnes - The Daily Telegraph

RWE, the German power group, is believed to have tabled an offer for British Energy that values the company at as much as £11bn. The indicative all-cash offer of close to 700p a chare was made several weeks ago, according to a report late last night, before British Energy confirmed on March 17 that it was in talks with potential bidders that could lead to a full takeover - The Daily Telegraph

Britain's historic bridges, buildings and roads are under threat from drivers blithely following satellite navigation directions, a conservation society warned yesterday. Among those that have been damaged by traffic driving down unsuitable roads is a 200 year old bridge in Oxfordshire, a 300 year old cottage in Greater Manchester and Pevensey Castle in East Sussex, according to the society for the protection of Ancient Buildings - The Daily Telegraph

Westinghouse Electric, the nuclear design and build firm sold by the British government two years ago, has won its first contracts in America for 30 years. The move underlines the worldwide renaissance of atomic power generation as a source of low-carbon energy - The Guardian



The US mortgage crisis has spiralled into "the largest financial shock since the Great Depression" and there is a one-in-four chance that it will cause a full-blown global recession, the International Monetary Fund warned yesterday. As finance ministers and central bankers arrived in Washington to discuss ways of tackling the crisis, the IMF warned, in its twice-yearly World Economic Outlook, that governments might be forced to step in with more public bailouts of troubled banks and cash-strapped homeowners before the crisis was over - The Guardian

The rising cost of basic foods risks wiping out a decade of efforts to combat global poverty and could trigger further riots in the world's poorest countries, leading multilateral institutions warned yesterday. The World Bank, the Food and Agriculture Organisation and the International Monetary Fund were unanimous in concluding that the appetite for biofuels was part of the reason for the increase in food prices - The Financial Times

Spain's second-largest city says it is on the brink of a water emergency as a result of one of the worst droughts in living memory. Beginning next month Barcelona will take the unprecedented step of importing water by ship from Marseilles, in southern France; Tarragonam a Catalan industrial port; and desalination plants in southern Spain - The Financial Times

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