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Monday Papers: Barclays chiefs to take stand in Lehman’s lawsuit - other news

John Varley and Bob Diamond, the two top executives at Barclays, will take stand in Lehman’s lawsuit against the UK bank.

Financial Times

* Starting Monday, John Varley and Bob Diamond, the two top executives at Barclays, will take the stand in Lehman’s lawsuit against the UK bank.

* France is preparing new spending cuts to help deliver the €100bn in savings.

* BP chief looks to calm Russian fears.

* Amazon relaunches online clothing business.

* Juan Manuel Santos wins race to be Colombia president.

* Telstra in A$11bn broadband deal with Canberra; Under the deal, Telstra will receive A$9bn for giving the national broadband network company access to its infrastructure.

* ECB seeks tougher eurozone rules for preventing future financial crises in the 16-country region.

The Daily Telegraph

* China to allow yuan exchange rate to adjust against dollar.

* Lord Myners warns that £3bn bank levy could make Britain less competitive.

* BP threatens partner Anadarko with legal action over oil spill.

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