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In the papers today - Friday 11th May

The UK power industry has told the government that the development of 'clean coal' power stations will not take place without heavy subsidy and higher electricity prices.
The first 'clean coal' power plants, which could dramatically cut carbon emissions, will need grants of up to £300M - The TimesDevonport, the naval dockyard in Plymouth, is to be sold for £350M to Babcock, the defence and engineering group. The proposed deal would add Devonport, which maintains, upgrades and fuels the Royal Navy's submarines, to Babcock's existing Rosyth and Faslane submarine bases in Scotland - The TimesNorth and South Korean generals yesterday agreed on the first train crossings over the heavily armed border for more than 50 years. The generals agreed to provide security measures during a test run yesterday and exchange statements of agreement early today - The GuardianEuropean countries are artificially inflating the amount of aid they claim to be donating to poor countries and nearly half of those surveyed have not even met their promised aid targets, according to a damning new report released today. Charities across Europe have accused their governments of making 'misleading claims' about their aid figures by including items which should not be counted as development aid, including debt relief and money spent on foreign students and refugees - The IndependentA national emergency has been declared in Uruguay as floods left more than 12,000 people homeless. Several rivers breached their banks after three days of heavy rains in central and northern areas, killing at least two people - The IndependentBabcock International has agreed the £350M acquisition of Devonport Dockyard. The firm has bought the yard from KBR,Weir Group and Balfour Beatty - The Financial TimesMetronet has denied claims in the London Evening Standard that the projected overspend on its section of the Tube could hit £1.2bn - The Financial TimesLord Foster is selling a stake in his practice to private equity firm 3i. He is also to appoint a chief executive for the business. The deal is understood to value the business at £300M - The Financial Times

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