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In the papers: Dragon Oil, Mike Ashley and a Bank warning over interest rates

Published: 07:06 17 Jul 2015 BST

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Read all about it: The Times had a bizarre story about the Vatican.

Times                    

A tough talking Australian cardinal charged with cleaning up the Vatican’s hazardous accounting procedures has found more than €1bn hidden off the books.

German MPs are expected to give grudging approval to the Greek bailout proposal in an emergency vote despite an outburst from Wolfgang Schäuble, the finance minister, that Grexit might be a better option.

Amazon is preparing for the imminent launch in Britain of its online grocery delivery service.

Dragon Oil has been told that it does not need to pay a dividend as its largest shareholder continues an attempt to take full control.

Independent

Mike Ashley has launched a bizarre attack on Debenhams, calling the business “crap” even though he presides over a partnership between the department store group and Sports Direct, his retail empire.

Marks & Spencer is in turmoil as the highly respected chief of its struggling non-food division unexpectedly quit.

Financial Times

888 Holdings, the online casino and poker operator, is nearing victory over rival GVC in the battle to acquire Bwin.party, the Gibraltar-based internet gaming group, in a takeover that is likely to be worth more than £900mln.

Apple and Samsung are in advanced talks to join the rest of the telecoms industry to launch electronic Sim cards, in a move could fundamentally change how consumers sign up to mobile operators.

Daily Telegraph

Supermarkets are misleading shoppers by running confusing promotions, Britain’s competition regulator has found.

IAG’s Aer Lingus takeover waved through by US.

New living wage will ‘stunt’ hospitality profits, Deutsche Bank warns

Guardian

UK interest rate rise billed for new year, warns Bank of England.

HS2 Chief hits out at ‘unjust’ division of rail assets between north and south.

China’s currency is significantly undervalued against the dollar, according to the Economist’s latest Big Mac index, which found that the bestselling burger from McDonald’s cost 43% more to buy in the U.S. than in the world’s second largest economy.

Daily Mail

Mike Ashley forced to slash profits forecast for Sports Direct after failing to buy up House of Fraser.

Anglo American’s Brazilian iron mine digs a £2.6bn hole in profits after slowing of China’s economy causes ore price to drop.

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