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In the papers today - Tuesday 12 June

Brookfield Asset Management, a Canadian finance group, today agreed to pay A$4.2bn ($3.5bn) for Multiplex, the Australian construction company that built Wembley Stadium.
Brookfield reached a deal with Multiplex's founding Roberts Family Nominees who own a 26% stake. Negotiations started in February and the deal was initially billed as a buy-out partnership. The Financial Times This week, We Are What We Do - the global social change movement behind Anya Hindmarch's successful I'm Not A Plastic Bag eco-shopper - will build on the heightened awareness to end the wasteful use of plastic bags and excessive packaging over Christmas. The GuardianChina has become the land of 1,000 identical cities, a senior government official has warned in an outspoken attack on the country's rush towards modernity. Qiu Baoxing, the vice-minister of construction, said the damage to the country's heritage was similar to that wrought during the cultural revolution of 1966-76. The GuardianAt least 67 people were killed and many others injured yesterday in mudslides triggered by monsoon rains in Chittagong, a port city in south-eastern Bangladesh, rescue officials said. The worst-hit area was a shantytown, where a hill collapsed and buried dozens of bamboo and straw shacks. Army rescuers pulled out at least 35 bodies, a city official said. About 214mm (8.4in) of rain fell in three hours, the local weather bureau said, the worst in memory according to many residents. The GuardianThe business community was accused yesterday of 'cynicism' for saying one thing and doing another in the fight against climate change. At a summit on the issue organised by the Guardian in London, Tony Juniper, executive director of Friends of the Earth, accused Shell of sponsoring the event in a bid to align itself with green issues while failing to clean up its own act. The GuardianA stable legal and economic framework and transparent business regulation make London the most important city in the world economy, according to new research. A report on the top 50 centres of commerce, commissioned by MasterCard, shows London beating New York into second place, with Tokyo third and Chicago fourth. The Financial TimesA shift towards advisory work and three earnings-enhancing bolt-on acquisitions helped lift gross margins at Hyder Consulting to 5.6% in the year to the end of March. Tim Wade, chief executive, said the engineering design, planning and environmental consultancy would reach its target of 10% margins within three to four years. The Financial TimesResidents on the remote Greek island of Skyros are engaged in a last-ditch fight to prevent the construction of one of the world's largest wind farms on a protected nature reserve. The plans have pitched the country's largest landowner, the Orthodox Church, against the islanders. The IndependentArchitects have designed the first carbon neutral house by minimising its use of gas and electricity from non-renewable sources. This could be a blueprint for houses of the future as all new homes will have to be carbon free to attract a stamp duty rate of zero in future. The Daily TelegraphThe Government tried to hush up an embarrassing public row between Britain's train operators and track group Network Rail over deteriorating punctuality on the railways. After discovering that the Association of Train Operating Companies was tabling a critical resolution at Network Rail's annual meeting on July 18, the Department for Transport's head of railways, Mike Mitchell, called ATOC director-general George Muir, pleading with him to avoid a public showdown. The Daily TelegraphThe great rains that drenched parched eastern Australia for three days and nights took nine lives and caused an estimated £50 million of damage. Even as the worst-hit towns and rural settlements north of Sydney began the clean-up in yesterday's sunshine, forecasters said that the drought was far from over. The Times

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