Sunday Papers: EU banks must raise more cash says Lagarde - money and other news

The Sunday Telegraph

* Christine Lagarde, head of the IMF, has called for European banks to be forced to raise more cash as world economy enters "dangerous new phase" that may end in recession.

* Sir Stelios Haji-Ioannou is to step up his assault on easyJet's board as he attempts to force the low-cost airline to reconsider its $1.1 billion order for 145 new Airbus planes.

* ILVA, the Danish furniture chain that vowed to take on John Lewis and Ikea, went into administration in June 2008 after just two years' trading.

* Anna Mann, one of the FTSE 100's headhunters of choice, has shared in a £4.4 million windfall as the result of a successful 12 months at her executive search business.

* Britain could create banks that will struggle to finance themselves if it goes ahead with plans to ring-fence the retail operations of the country's largest lenders, according to analysts at independent credit research firm CreditSights.

* BP has accused Transocean of "improperly withholding" drafts of its internal investigation into the Gulf of Mexico oil spill in a move that will intensify the battle over disclosure between the two companies.

* British trade with Libya could resume as early as next week, with BP and Royal Dutch Shell hoping to renew contracts.

* Eric Schmidt, executive chairman of Google, blames the Government's weak tax laws for the fact it pays just £8 million of corporation tax in Britain on £6 billion in revenues.

* Vince Cable, the Business Secretary, has rejected a plea to publicly disclose the "secret dossier" which the previous Government compiled during the controversial Lloyds TSB takeover of HBOS at the height of the last financial crisis.

* Crate & Barrel, the upmarket US furniture store, is searching for a London flagship store in what will be its first physical move into the UK market.

The Independent on Sunday