Business leaders are growing increasingly concerned about the Forth Road Bridge which is suffering from corrosion of its main suspension cables and could face significant restrictions on heavy goods vehicles by 2013.
Tavish Scott, Scotland's transport minister, approved preparatory work in March for a new crossing, which consultants estimate could cost at least £500m and take up to 11 years to build - The Financial Times
EDF, the French power company, yesterday reported forecast-beating growth in first half net profit, thanks partly to a capital gain from the sale of a Brazilian asset, and it kept its 2006 profit growth aims. Europe's biggest power supplier by market value said net profit excluding exceptional items rose to 2.92bn euros ($3.75bn) from 2.08bn last time as strong performances outside France helped offset higher power purchase costs in its home market - The Financial Times
Donors pledged more than £500M for the reconstruction of Lebanon and called on Israel to lift its blockade of the country. Swedish foreign minister Jan Eliasson said the amount far exceeded the £263M target - The Independent
A shift away from taxes on income and wealth to 'green' taxation has been promised by the Conservative Party. Shadow chancellor George Osborne committed a future Tory Government to increase the share of revenue raised by environmental taxes - The Independent
The US state of California is embarking on a ground-breaking effort to curb global warming, after governor Arnold Shwarzenegger agreed to cut green-house gas emissions by 25% by 2020. It opens the way for an outpouring of technological advances in alternative energy in the state - The Independent