(MENAFN- ProactiveInvestors)Times The government faces having to ask Europe for more time for Royal Bank of Scotland to spin off its challenger bank because the sale has become mired in problems. The Greek Prime Minister will attempt to drive a wedge between Angela Merkel the German Chancellor and her finance minister at a summit to decide whether Greece will be allowed to remain in the euro. Mergers and acquisitions have soared to levels not seen since the financial meltdown seven years ago as dealmakers stalk targets in markets worldwide. The government has been touting a 'pitch book' at Abu Dhabi's sovereign wealth funds to attract cash to develop British infrastructure. Motorists are being ripped off by used-car dealers it was claimed with as many as four in ten buying 'lemons' from vehicle forecourts. Independent UK needs over one million new engineers and technicians says Royal Academy of Engineering: The U.K. will need more than a million new engineers and technicians in the next fi Financial Times The discounters — including Aldi Lidl and frozen food specialist Iceland and the value chains — such as Poundland and B&M — increased their store footprints at a rate outstripping their supermarket rivals according to Local Data Company which analysed store openings and closures over the past five years. The oil market is buzzing with intrigue over two derivatives deals last week that bore the signature of a large producer guarding against a price collapse. Daily Telegraph Greece's embattled government has made a last-ditch attempt to convince creditors to avert an unprecedented debt default in less than nine days. ITV has threatened to begin a legal attack on the BBC over 'extremely complex costly and uncertain' plans for the BBC's production arm to compete for commercial contracts. A new age of airships could be upon us. U.S. defence group Lockheed Martin has developed a 'hybrid' airship which does not need mooring towers or runways enabling companies to operate more easily in remote areas. While women have taken strides in the boardroom the ethnic diversity of the heads of Britain's largest companies has declined over the past year says a study into the top 10000 Executives in the FTSE 100. Savannah Resources and Rio Tinto announced a joint venture on Monday to develop a large-scale mining project in Mozambique. Ross McEwan the Royal Bank of Scotland (RBS) Chief could be hauled in front of MPs to explain the bank's latest payments system meltdown as politicians prepare to take it to task over this week's outage. Guardian Tesco is expected to reveal a deterioration in U.K. trading this week as Britain's biggest retailer prepares to face investors angered by 'excessive' boardroom pay. Britain has been attacked by a senior U.S. official for undermining progress on a global clampdown on tax avoidance by multinationals ahead of an international agreement to be published at the G20 talks in the autumn. Daily Mail The Ministry of Defence has come under attack for hiring yet another consultancy firm to carry out work despite huge spending cuts. The Kuwaiti consortium that saw its £5bn takeover offer snubbed by water giant Severn Trent two years ago is poised to return.
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