Principal content
Siemens plans to buy UGS for $3.5bn
Siemens, Europe’s largest engineering group, is to strengthen its core automation division by paying $3.5bn to buy private equity-owned UGS as it seeks to show it has not been paralysed by bribery allegations.
Merkel calls for challenging emissions controls
Translantic differences remain
Wall St titans take the fight to Europe
Competition issue a hot topic
Related content and features
SAP takes new hit after alert on margins
Shares fall 15%
Norway declares Apple’s iTunes illegal
US group faulted for stifling competition
Iron ore dispute threatens CSN’s bid for Corus
Blow could revitalise Tata bid
European insurance industry faces crackdown
Contingency payments under the spotlight
Axa chief calls for more openness
More transparency needed for hedge funds
Bush urges Congress to ‘find resolve’ on Iraq
President faces a widely unpopular war
Lex live
Sun lures KKR
Sun Microsystems did not need cash. It did need credibility. Allowing Kohlberg Kravis Roberts’ Amsterdam-listed investment fund to buy $700m of convertible notes is clearly an attempt to provide the latter.
Comment
European corporatism must embrace change

Remarkably, the information technology revolution is the first since the industrial revolution in which none of the big European economies plays a leading role, writes Martin Wolf.
Business life
My boss is an ageing slacker who won’t quit

Lucy Kellaway analyses your workplace woes in her fortnightly “Agony Aunt” column. Send your own queries – or you can suggest a solution to someone else’s problem.