Principal content
UK battles Europe’s largest birdflu outbreak
The UK authorities are killing tens of thousands of turkeys in an effort to contain Europe’s largest outbreak of H5N1 bird flu on a commercial poultry farm, establishing a biosecurity zone around the farm in Suffolk as a precaution against the deadly virus spreading.
China launches first navigation satellite
Aims to rival US’s GPS and EU’s Galielo
Mars to end adverts for under-12 set
Prompted by fears over obesity link
Related content and features
Total sets its sights on nuclear energy
French group seeks alternatives to gas
Records expected at London art sales
$787m is expected to change hands
Credit Suisse poised to switch to BT
Attempt to cut voice and data costs
Investors ‘short-changed’ in buy-outs
Private equity executives on the defensive
BBVA to expand further in the US
Banking group builds on Texas foothold
Zucker to take helm at NBC Universal
Succeeds Bob Wright as chief executive
Lex
Private equity
Are shareholders getting short-changed by private equity? Sometimes, yes. Financial bidders have been crafty at tying up deals without competition.
Comment
The era of benign neglect may soon be over

This may well be the year the contours of a European exchange rate policy, conducted jointly by the euro group and the ECB, emerge, writes Wolfgang Munchau.