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In the papers today - 20 October

FIgures released yesterday say that the Airbus A380 is unlikely to break even for at least another decade.
Massive cost overruns linked to the delay of the twin-deck plane have pushed back the timetable for development costs - The International Herald Tribune Turbines for Europe's largest onshore wind farm, to be constructed just south of Glasgow, are to be built by the German firm Siemens in a contract worth £235M. The Munich-based conglomerate said that the Whitelee Wind Farm project was scheduled for completion in summer 2009 -The Scotsman Scottish Water was given the cautious backing of the regulator yesterday for its work in improving Scotland's infrastructure. The water authority has suffered from serious problems this year, including the resignation of its chairman Professor Alan Alexander and the rejection of its four-year plan by the water industry commissioner and ministers - The Scotsman A grandiose plan by Norman Foster to erect a high-rise hotel development in central Moscow has been heavily criticised by the city's authorities who fear it will look far too tall next to the neighbouring Kremlin and central Moscow's medieval churches. To compound the architect's discomfort, Mayor Yuri Luzhkov also accused Lord Foster of designing an incongruous oval-shaped concert hall for the Russian capital, which he pejoratively likened to London's Albert Hall, suggesting that it should be completely redesigned - The Independent Wembley Stadium will open 'as early as possible' next year after the Football Association (FA) resolved their long-running dispute with builders Multiplex. An extra payment of £36M from the FA to the Australian firm has been agreed after a lengthy dispute over the cost, but it will only be paid on condition that the £800M stadium is ready for a grand opening at the FA Cup final on 19 May. The agreement hinges on Multiplex ensuring that the work is completed - The Daily Telegraph Plans for a global fund to help contain rainforest destruction and slash carbon emissions will be unveiled next month by the Brazilian government. The project, by which rich nations would offer financial incentives to developing countries that combat deforestation, will be announced at a November convention on climate change in Nairobi - The Guardian The excavation of a tunnel joining Europe and Africa deep below the Strait of Gibraltar could start as early as next year after Spain and Morocco commissioned preliminary engineering studies. Veteran Swiss tunnel engineer Giovanni Lombardi has been called in by the governments of both countries to draw up a project outlining how work could proceed towards creating the only direct physical link between the two continents - The Guardian Tata Steel of India on Friday unveiled its £5.1bn agreed takeover bid for Corus, with commitments to boost the UK pension schemes and retain key members of the Anglo-Dutch steelmaker's management team. The statement confirmed the offer price of 455p a share in cash, a premium of 26.2 per cent to the average closing mid-market price for the 12 months to 4 October, the last day before Tata's possible interest was announced - Financial Times Energy markets were on tenterhooks yesterday after Saudi Arabia lent its support to a cut of 1M barrels per day in Opec oil output and hinted at a further cut in production by the cartel in December. The threat of a second round of cuts in oil production voiced by Ali al-Naimi, the Saudi oil minister, caused the price of crude oil to edge upwards towards $60 per barrel - The Times

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