Principal content
Brussels to launch attack on bank fees
Retail banks and credit card companies in the European Union will face sharp criticism from the region’s top antitrust regulator, following an inquiry that found evidence of artificially high fees, anti-competitive practices and a lack of cross-border competition.
UN chief seeks climate change summit
Bid to find successor to Kyoto protocol
Delhi gets first western-style stores
Reliance plans $25bn in sales by 2010
Related content and features
Yen low sparks carry trade alert
Fears that hedge funds could jolt markets
Alitalia sale attracts 11 potential bidders
Interest in sale far exceeds expectations
British Airways strike called off
Airline braced for day of phantom flights
Merrill pays $1.8bn for private bank
Wealth management lures Wall St
KHI enters Vietnam with Raffles resort
Move is part of aggressive Asian strategy
Pru sells Egg to Citigroup for £575m
Egg has been hit by rising losses on bad debts
Lex
Measuring the success of M&A
It is received wisdom that mergers and acquisitions destroy value. Could it be time for a word to the wise?
Analysis
Poland risks its stability to tackle the sins of the past

For the Polish Roman Catholic church, a new book will bring more embarrassment after Stanislaw Wielgus resigned as Archbishop of Warsaw following revelations that he had been a police informer under communism.
Parts sector picks up speed as big funds show interest
Private equity interest in the failed Delphi may shift power away from the Detroit carmakers
Comment
America must not surrender its lead in life sciences

If America is to maintain its leadership in life sciences in the 21st century, four important steps are needed, says Lawrence Summers: respect for scientific methods and results, funding, control of the role politics and support for extraordinary performance.
Sarkozy’s plan: Reaganomics with a French accent

There is nothing wrong with a strong state sector in principle, if this is what a country wants. But it requires some honesty about the tax level. If Mr Sarkozy wanted US-style taxes, he would need a US-style state sector, writes Wolfgang Munchau