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News stand - What the papers say

London's red double-decker buses are to be replaced by continental-style 'bendy' buses. The 18m long buses, which can carry 140 people, can be accommodated on up to 60% of the capital's bus routes, Transport for London has said.

American football team the Houston Texans is celebrating completion of its new 69,000 seat, retractable roof stadium, delivered in only 27 months at a cost of £147M. Comparisons with the stuttering Wembley Stadium project are unavoidable.

The floods that devastated central Europe last month were not a result of global warming, a leading meteorologist has said. Extreme summer rainfall is out of line with the way in which climate is predicted to change, said Alan Thorpe, director of the Natural Environment Research Council's Centres for Atmospheric Science.

More than 400 Railtrack managers will receive the first part of a £7M bonus this week for staying with the company after it was put into administration.

Prime Minister Tony Blair has been urged to condemn 'boardroom pirates' who have enjoyed pay rises of up to 65% on the back of involvement in private finance initiative (PFI) projects. The highest paid directors of leading PFI contractors received a 'staggering' £583,000 a year, a Labour Research report for the GMB general union says.

Geological problems at its Daw Mill colliery and low coal and gas prices mean that UK Coal will not break even this year, as previously planned.

Canary Wharf is preparing to submit a planning application to build at least four new towers on two adjoining sites.

Five years after Labour promised to cut traffic congestion, 2002 will be the worst year in history for Britain's choked roads, new figures show. Figures from traffic information specialist Trafficmaster show that 1M working days will be lost.

Freight services using the Channel Tunnel are returning to normal this month with extra security near the French mouth of the tunnel cutting the number of immigrants getting through the tunnel to a handful a week. EWS is hoping to resume 75% of its usual 20 trains a week by midSeptember.

RMC, the readymix concrete and cement group, is expecting to escape with a fine of just Euros25M (£15.6M) as a reward for co-operating in an investigation by the German Federal Cartel Office (FCO) into price fixing in the cement industry. The FCO will impose fines of up to £625M if it finds evidence of illegal price fixing and anti-competitive agreements.

The European Commission is considering widening the inquiry to the rest of the European Union.

Thames Water is being asked to renegotiate a contract to operate a £570M Turkish water plant after claims of irregularities in its commissioning.

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