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Sunday Papers: G20 leaders expected to commit to halving budget deficits - other news

Kirby Adams, the controversial chief executive of Corus, is to quit the company.

The Sunday Times

* G20 leaders are expected to commit to halving their budget deficits over the next three to four years at their summit in Toronto.

* Kirby Adams, the controversial chief executive of Corus, is to quit the company after a series of rows over the closure of its plant on Teesside.

* The Carbon Trust, a flagship environmental business quango, will be lined up for the chop this week to fund coalition plans for a £2 billion green investment bank.

* Joseph Cassano, the London-based trader blamed for precipitating the collapse of AIG, this week faces a public grilling on his role in the global financial meltdown.

* British Airways has made another attempt to defuse its long-running dispute with cabin crew by offering part-time contracts to about 800 Heathrow staff.

* Boeing yesterday suffered another setback on its 787 aircraft programme, saying it would halt flight tests while it inspected problems with assembly of the tail plane.

* A Cabinet revolt led by Vince Cable, the business secretary, has forced the Home Office to water down its flagship plan to cap immigration.

* Encore is poised to unveil an oil discovery off the east coast of Scotland which could hold as much as 800m barrels.

* One in five taxpayers will pay a higher rate of tax if the government presses ahead with plans to reduce the basic-rate band.

* Lloyds' current account customers will see charges increase from 1p to £5.01 for use of an authorised overdraft.


The Sunday Telegraph

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