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In the papers today - 5 October

Volkswagen was last night in a position to engineer a friendly merger between rival truck makers Scania and MAN after taking a 15 per cent stake in MAN. The move, which makes Volkswagen the biggest shareholder in both Scania and MAN, is expected to have cost the German carmaker about £1.07 billion - The Times
Grand Central, the train service that hopes to rival GNER by taking passengers to the North East, looks likely to miss its hoped-for launch date of December 10, The Times has learnt. The new train company is having difficulties securing the high speed trains it needs, which means that its much- anticipated service between London and Sunderland may not start until May - The Times Ignacio Sánchez Galán, chief executive of Iberdrola, Spain's second-largest energy company, called on the government yesterday to reform regulation to allow the creation of national energy giantsthat could compete on the European stage - The Financial Times A North Korean nuclear test is now just a matter of time, a growing number of analysts say, as an increasingly desperate Pyongyang tries to ease the external pressures that are crippling the economy and might even be threatening Kim Jong-il's leadership. A nuclear test has always been considered North Korea's trump card, a last-ditch option that would invite the strongest of res-ponses, not just from the US and Japan but potentially from benefactors China and South Korea - The Financial Times Herzog & de Meuron, the Swiss architects who transformed a power station into the world's most popular art gallery, yesterday received Britain's most prestigious international architectural prize. The decision to award the Royal Institute of British Architects Gold Medal to the Tate Modern architects is likely to be prove popular. They have built a slew of occasionally brilliant, occasionally astonishing and almost always enjoyable cultural and public buildings around the world The Financial Times

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