Financial Times

Airbus signalled a significant cut in its research and development budget yesterday, as part of emergency measures to face the “life-threatening” effects of the weak US dollar on its largely European production base.

Adam Walker is stepping down as finance director of National Express, the rail and coach operator, to leave join Informa, the specialist publishing group.

The Times

The weakness of the dollar is threatening the survival of European planemaker Airbus, its chief executive Tom Enders has told employees in Germany.

The Sun

More than 20 British passengers are among 154 people forced to abandon a cruiseliner sinking in the Antarctic Ocean.

The Mirror

A dramatic sea rescue took place early today after a cruise ship hit an iceberg in the Antarctic Ocean and began to sink.

Telegraph

More than 150 passengers and crew – including 24 Britons – had to be rescued from freezing Antarctic waters after their cruise liner hit an iceberg.

Daily Express

Around 150 holidaymakers and crew – including 24 Britons – have been rescued from the freezing waters of the Antarctic Ocean after their cruise liner hit an iceberg earlier today.