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News stand What the papers say

Daily Telegraph

New rail safety systems planned for all high speed lines will be delayed beyond 2015, the Strategic Rail Authority said this week. An inquiry into the Ladbroke Grove train crash recommended that all high speed lines should be fitted with new equipment by 2010. The SRA blamed the reclassification of high speed lines for delaying the new system.

Shares in water company AWG tumbled earlier this week amid fears that the bid by German bank WestLB is faltering.

A girl of 12 was crushed to death in Derby last week after park railings collapsed on her. The 1.8m tall Victorian iron railings came away from their concrete footings as she climbed on them.

The Times

Trials for the long awaited European Rail Traffic Management System (ERTMS) will be launched in South Wales. Testing will begin in 2006 on the Cambrian Coast line from Shrewsbury to Aberystwyth and Pwllheli.

Developers have launched a £900M bid to cash in on the south east air traffic boom by transforming Redhill Aerodrome into a 15M passenger a year airport.

Shell last week embarked on the world's largest integrated energy project when it launched the second phase of Sakhalin II - a £6.1bn liquefied natural gas scheme in eastern Siberia.

The Guardian

Lamp posts in the Croatia capital, Zagreb are collapsing thanks to ammonia in dog urine, research by the city's university revealed last week.

Alstom last week announced record losses of £1bn. Rail contracts in the UK accounted for £100M of this figure.

Poor street design has been singled out by Enfield borough police as a chief contributor to crime. The local council is to spend £1M improving local roads with crime prevention a priority.

Amec's bid for £4bn worth of oil rebuilding projects in Iraq has been plunged into controversy. Links emerged last week between Philip Carroll, the US businessman charged with running the Iraqi oil industry, and Amec's US joint venture partner Fluor.

Carroll is reported to receive an annual £610,000 pension from Fluor and holds shares worth £21M.

Northumbrian Water shares are due to begin trading tomorrow for the first time in eight years, following the £2bn takeover by a Deutsche Bank led consortium.

Financial Times

Transport secretary Alistair Darling is to hand over control of the Tube to Mayor of London Ken Livingstone on 15 July.

Network Rail is set to open part of its AGM to the public after many of its members had voted to shut out the media. Pressure from Network Rail's purse-string holders, the Strategic Rail Authority, looks to have forced the U-turn.

Scientists in California have developed bold plans to send a probe to the centre of the Earth.

Scotsman

Dr David Stevenson of the California Institute of Technology revealed an explosion using several megatonnes of explosive or a nuclear blast would be needed to drive a 10Mt surge of molten iron 6500km to the Earth's core. Here, information about the core's temperature, chemical composition and electrical conductivity could be measured.

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