1 Pledges to tackle global corruption are being watered down as the government struggles to persuade world leaders to attend a summit in London next week. Drafts of its communiqué show commitments in areas such as tax evasion and transparency have been diluted or cut from the text.
2 Workers across Greece started a three-day general strike as the government prepares to introduce further austerity measures. A Greek delegation is preparing to visit Brussels next week to discuss progress on reforms. Failure to approve the measures tomorrow could lead to the government’s collapse.
3 America’s employers created only 160,000 new jobs in April, ending any chance of a rise in interest rates in June. The unexpectedly low headline figure, the weakest in seven months, sent markets lower. Unemployment was unchanged at 5 per cent, however.
4 Margaret Downes, who chaired the BHS pension fund for 14 years until December 2013, a period when more than £300 million was paid out to Sir Philip Green, will be called before the Commons work and pensions committee, Frank Field, its chairman, said.
5 Jean-Bernard Lévy, chairman of EDF, is likely to be given a tough time by the power company’s investors this week. High on the agenda at EDF’s general meeting will be its long-delayed and controversial plan to build an £18 billion nuclear power station at Hinkley Point in Somerset.
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6 The new chief executive of Wm Morrison was paid £2.3 million last year, £200,000 more than his predecessor, in figures that are set to further stoke the shareholder spring-style protests that have been sweeping the City.
7 Oliver Hemsley, chief executive of Numis, ruled out taking on the chairmanship of the stockbroker he founded after announcing an unorthodox succession plan, in which he will step down but stay on as a full-time executive director.
8 Holidaymakers could face disruption after cabin crew at Thomas Cook Airlines threatened strike action. More than 1,000 crew started voting in a ballot yesterday in a dispute over health and safety concerns relating to allegedly dangerous changes to rest breaks.
9 The British public is buying Volkswagen cars in record numbers, despite the scandal over emissions tests. With car sales in the UK at all-time highs, VW last month took second place in the league table of bestselling cars, overtaking Vauxhall.
10 Newspaper companies are becoming the purchase of choice for America’s wealthy businessmen and women. In less than three years, at least seven big regional newspapers have been bought up by a group of billionaires.