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In the papers today - Thursday 29 May 2008

BAA reported a £62M loss for the first quarter of the year yesterday, blaming rising security costs...

...It is the latest setback for the airports operator, rocked by the disastrous opening of Terminal 5 at Heathrow and the sudden departure of Mark Bullock, its managing director. The group, owned by Ferrovial, the Spanish infrastructure business, is attempting to refinance some of its £10bn debt – The Times

Soaring public disgust at China's shoddily-built "tofu" schools could cost the country $60bn (£30bn) in "quake-proofing" the country – half as much again as the bill for hosting the Beijing Olympics. The calculation, made by analysts at Société Générale, came with a warning that this month's earthquake would have a "profound impact" on China's investment spending – The Times

Two relatively minor technical glitches within two minutes of each other triggered the most serious disruption to Britain's energy supply network in more than 20 years this week. But power industry insiders said that the shutdown, which led to blackouts in as many as 500,000 homes across the country on Tuesday, could have been even worse – The Times

It is a national icon, one of the world's greatest tourist attractions – and an appalling advertisement for Italian builders. But now, 18 years after it was closed to the public for fears that it might topple over, the Leaning Tower of Pisa has been stabilised and has been declared safe for at least another three centuries – The Times

Gordon Brown's eco-town plans have been described as one of the Government's biggest mistakes by the Labour peer and award winning architect Lord Rogers of Riverside. Lord Rogers, who has acted as a Government adviser, criticised the plans for encroaching on green-belt land, adding that they were unsustainable - The Daily Telegraph

Eurotunnel is considering a bid for the UK's high-speed rail line linking London St Pancras and the Channel Tunnel after completing a restructuring that has restored the company to financial health. The Channel Tunnel operator will today reveal it has placed the remaining 31m shares not taken up as part of a £720m rights issue with a range of institutions - The Daily Telegraph

Britain's nuclear complex at Sellafield is Europe's biggest single industrial site and home to what was meant to be a huge fuel reprocessing system that would produce power while reducing the lagacy of radioactive waste. It was built amid enthusiasm thatatomic power would be "too cheap to meter" and yet, 52 years on, its catalogue of failures has left it with one of the world's largest stockpiles of Plutonium and a bill to the taxpayer of about £3bn a year, a new report says - The Guardian

The holiest city in Islam is to get a £6bn facelift, it was announced yesterday, with haomes and hills being flattened to make way for hotels, apartments, shopping malls and transport facilities for pilgrims. Six development projects ordered by the Saudi monarch, King Abdullah, will transform Mecca, which struggles to accommodate the millions of Muslims who pour into the city every year to perform Hajj - The Guardian

The 2p rise in fuel duty, due to come into force in October, is likely to be deferred, the chancellor, Alistair Darling, said yesterday as he acknowledged the pressures of rising petrol prices on families and business - The Guardian

One of the world's biggest companies warned yesterday that shortages could send the price water surging and create the next battleground over resources. General Electric, the US industrial group, said it would cut its use of water by 20% by 2012 and export water saving and and recycling technology to countries hit by shortages - The Guardian

Britain's best new buildings named today by the Royal Institute of British Architects range from a beachside cafe to St Pancras international station. But the list of 92 winning entrants reignites an argument over whether traditional and classical style is ignored in favour of modernism. RIBA judges are accused of behaving like "style facists" in selecting what is, in effect, the long list for the Stirling Prize, Britain's most prestigious architecture award - The Guardian

Gordon Brown yesterday threw his weight behind the government's commitment to expanding the UK's future energy capability. Speaking after meeting oil industry executives, the prime minister linked the fuel crisis to the role nuclear could play in increasing the UK's energy security by reducing dependence on imported gas - Financial Times

It will be the end of October before British Airways transfers its full long-haul operation to Heathrow's ill-starred new Terminal 5, it was announced yesterday - Financial Times

Noel Forgeard, former co-chief executive of Airbus parent European Aeronautic Defence and Space co, has been detained by police as part of a probe into alleged insider trading at the company, a French judicial official said - Financial Times

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