Pick of the press: Monday 10 May 2010

Of course, the election is the most widely-covered topic of the day. Will a deal be reached between the Lib Dems and the Conservatives? No one knows, but there’s plenty of speculation out there.

Financial Times – Cameron moves a step closer to No 10

The Times – Britain on hold as consensus talks continue 

The Sun – Squatter, 59, holed up in No 10

Financial Times – Stability is key to deal, says Hague 

Guardian – Parties need not panic over forming coalition, says CBI, but nor should they delay

Daily Telegraph – General Election 2010: Reducing the deficit is more important than PR

 

Ernst & Young’s ITEM Club argues that as the biggest contributors to UK employment between 2005 and 2008, entrepreneurial companies are the key to driving the UK’s recovery. But it isn’t just the small companies who are hiring – medium-sized and larger companies are also crucial.

Daily Telegraph – Small companies have no monopoly on innovation and jobs

 

A new bill in the US is considering the creation of a new visa that makes it easier for foreign entrepreneurs to move to the US. Foreigners who are able to raise at least $250,000 from venture capitalists or angel investors will be allowed to stay in the country once their business has created five jobs or achieved $1m in revenue.

BBC News – United States to woo entrepreneurs with new visa law

 

Entrepreneur Mohamed Al Fayed is in all the major news outlets today, after selling the iconic London department store, Harrods, for £1.5bn to the Qatari royal family.

Guardian – Harrods sold for £1.5bn as Mohamed Al Fayed retires 

Financial Times – Al-Fayed’s 25 turbulent years at Harrods

Financial Times – Bold move wins the keys to Harrods

Daily Telegraph – Harrods and Mohamed Fayed are in a class of their own

The Times – Harrods hopes its new owners will warrant fresh royal approval

 

Companies owned by private equity firms could find themselves in difficulty as the EU discusses new rules on tax and regulation.

Financial Times – EU plans hurdles for hedge funds

Guardian – EU to get tough with hedge funds and private equity

 

A survey suggests that European companies have written off debt worth €300bn in the last year due to late payment, but with what effect on smaller companies?

Financial Times – €300bn late payments hit European companies

 

Standard Chartered Bank’s Gerard Lyons argues that entrepreneurialism needs to be encouraged with less red tape and bureaucracy. Businesses need to get creative with their growth strategies.

Daily Mail – Creativity is the only thing that can save the UK

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