In the papers: Osborne set to axe bank levy

(MENAFN- ProactiveInvestors)The Times                       Chancellor poised to axe £3.5bn bank levy: George Osborne is preparing to signal an end to the £3.5bn-a-year bank levy as he tries to head off a decision by Britain's largest lender to move its headquarters overseas. The Chancellor is expected to use his annual Mansion House speech this evening to say that the levy will be phased out in its present form amid fears that it could prompt HSBC to quit Britain. Uber customers charged higher fares in Britain: Uber has been accused of taking its British customers 'for a ride' by charging them significantly more to use its taxi-hailing app than it does in the United States. Tougher testing rules delay fracking: Fracking is to be delayed for at least another year because of new rules that require 12 months of testing of groundwater before shale gas is extracted. Deutsche Bank raided over 'tax scam': Investigators raided the head office of Deutsche Bank and several private addresses searching for evidence of an alleged tax rebate scam worth millions of euros. Permission for green belt homes doubles in a year: The number of new homes approved in the green belt has more than doubled in a year despite government promises that it would be protected. Money talks as Taylor Swift picks Apple in music streaming battle: Apple's new music streaming app is to feature songs by the American pop star Taylor Swift dealing a blow to the company's main rival. Like Spotify however Apple Music will not feature songs by the Beatles.   The Independent   Cartier Boss with S$7.5bn fortune says prospect of the poor rising up 'keeps him awake at night': The multi-billionaire Owner of luxury jewellery company Cartier has revealed his greatest fear – robots replacing workers and the poor rising up to bring down the rich. Police 'lack resources' to carry out money-laundering investigations: Britain is failing to prosecute corrupt officials and criminals laundering their money through front companies banks and luxury houses here because the police lack the resources and the legal processes are woefully inadequate. The Daily Telegraph UK must hold EU referendum quickly warns Pimco: The Government should hold a referendum on Britain's EU membership as soon as possible to end the uncertainty that the looming vote creates for businesses according to one of the world's leading bond investors. Greece inches closer to a deal with fresh proposals: Greece could be edging closer to a deal with its creditors after submitting fresh proposals which are thought to include concessions on tougher austerity targets. GlaxoSmithKline investigator 'released early from Chinese prison': A British investigator linked to a bribery scandal in China involving drug maker GlaxoSmithKline has been released early from prison. Saudi Arabia says it's pumping more oil to meet higher demand: Oil prices have risen sharply after Saudi Arabia's oil ministry issued a rare statement refuting press reports that it was pumping more crude simply to take share in a declining market. EE seeks mobile growth with 4G-connected camera: Britain's biggest mobile operator EE is aiming to prove it can sell 4G contracts for a host of devices beyond smartphones by introducing its own GoPro-style camera.   The Guardian    George Osborne moves to peg public finances to Victorian values: George Osborne is to announce a return to the public finances of the Victorian age with plans for permanent budget surpluses designed to cut the national debt and to make life uncomfortable for the Labour party. HSBC to rebrand UK high street bank as global shakeup sheds 25000 jobs: HSBC is to axe 25000 jobs around the world – including up to 8000 in the UK – in a shakeup that will also spell the end of the bank's trademark red and white hexagonal logo on UK high streets. Greek exit would trigger Eurozone collapse says Alexis Tsipras: Alexis Tsipras has warned that the failure to agree a rescue deal for Greece would spell the end of the Eurozone as he submitted a revised package of reforms to negotiators in Brussels.   Daily Mail   BT takes battle to Sky by offering free European football to its own TV customers: BT has launched a fresh assault on Sky by offering free European football to its own TV customers. Tesco eyes sale of its £6bn South Korean empire as it approaches private equity firms: Tesco has approached some of the world's biggest private equity firms to sell its £6billion South Korean empire. Sparks puts M&S on to the loyalty card map as retailer looks to launch membership card in the autumn: Marks & Spencer is looking into launching a card-based loyalty programme provisionally called Sparks for its customers this year according to reports.