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In the papers today - 3 October

3i group have reached a deal to buy water group AWG for £2.2bn - The International Herald Tribune
Airbus is considering a plan to abandon production of the A380 superjumbo at its Hamburg factory as part of a shake-up of the struggling plane-maker, prompting crisis talks among German ministers. Fears of mass redundancies in the pan-European group came amid leaks that the A380 faced a third round of delays, with deliveries slashed to just four aircraft in 2007 - The TelegraphMillions of people face hosepipe bans next year unless autumn and winter are twice as wet as normal, the water industry said yesterday. Despite the downpours of the last few days, underground supplies are still perilously low across much of south-east England. The warning came as one of Britain's smallest water suppliers, Folkestone and Dover Water, lifted hosepipe and sprinkler restrictions for its 160,000 customers. - The TelegraphA spectacular design for a palace made of fractured glass cubes was presented yesterday as the home for a new Paris museum of contemporary art. Frank Gehry, the Canadian-American architect behind the Guggenheim Museum in Bilbao, unveiled his design at the announcement of a lavish project, aimed at putting Paris back on the map of contemporary architecture and art - The Times World steel demand is expected to rise 9% to 1.121 bn tonnes in 2006 from 1.029 bn tonnes last year, the International Iron and Steel Institute said yesterday. The forecast, published at the group's annual conference in Buenos Aires, exceeded expectations. It also predicted a more moderate forecast of 5 per cent growth in steel demand next year - The TimesThe Competition Commission is expected to examine a proposed water merger for the first time in four years after Macquarie, the Australian infrastructure fund, sold South East Water to Westpac, another Australian buyer, for £665 million. Westpac already owns the neighbouring Mid Kent Water, triggering an inquiry by the Office of Fair Trading, which in turn is likely to lead to an investigation by the Competition Commission - The TimesBernard Arnault yesterday fulfilled an old dream by entrusting Frank Gehry - the American architect best known for the spectacular Guggenheim museum in Bilbao - with the task of designing the £675,000 building for his new Louis Vuitton Foundation. This 'heavenly assignment', as the veteran architect put it, will involve the construction of a futuristic glass edifice in the shape of a cloud on the edge of the French capital's children's playground and fantasy park - the 'jardin d'acclimatation' - The Financial Times

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