Principal content
EU and US set for ‘open skies’ collision
Within hours of European transport ministers approving a first stage ’open skies’ deal with Washington, political leaders on each side of the Atlantic set out conflicting visions for the onerous second phase of negotiations.
Oracle accuses SAP arm of theft
Software group takes rival to court
Halleys enlist advisors over Carrefour stake
Arnault and Colony form new power base
Related content and features
Media industry unveils YouTube challenge
NBC Universal, News Corp plan rival
Fed accused of subprime ‘perfect storm’
Signs of backlash against lenders
Airbus outsources A350 work to Russia
Cedes production to gain Aeroflot order
Zimbabwe signs security deal with Angola
Possible supply of paramilitary forces
Total CEO under formal investigation
Judges step up Iran deal inquiry
Hermès chief berates French leaders
Criticises ‘communist’ government
Sony launches PS3 in ‘agnostic’ Europe
Market likely to determine fate of console
Lex
US housing market
One way to assess the significance of financial market turbulence is to look for political backlash. By that measure, the subprime mortgage debacle is still in its early stages.
Comment
The time has come for Britain to join the European Union

British policy has not escaped the misjudgment, implicit in the Financial Times’ 1957 editorial, that Europe is someone else’s project, writes Philip Stephens.