Round-up: PM sees London under 'constant attack' from EU rules

The City of London is "under constant attack" from European Union regulations, David Cameron has said. Read more on this and the other top headlines in our round-up of the nationals.

Speaking on his way to Perth, Australia, for a Commonwealth summit, the Prime Minister also warned against the 17 eurozone nations colluding to undermine the European Union's free market rules, according to the Telegraph.

He said: "London is the centre of financial services in Europe. It's under constant attack through Brussels directives. It's an area of concern, it's a key national interest that we need to defend."

FINANCIAL TIMES
CHINA COULD PLAY KEY ROLE IN EU RESCUE
China is very likely to contribute to the eurozone's bail-out fund but the scope of its involvement will depend on European leaders satisfying some key conditions, two senior advisers to the Chinese government have told the Financial Times.

GUARDIAN
EUROZONE CRISIS: SARKOZY SAYS GREECE WAS NOT READY TO JOIN EURO
Nicolas Sarkozy threatened to take the shine off a day of jubilation in financial markets at a deal to rescue the eurozone when he said it had been an "error" to allow Greece to join the euro a decade ago.

DAILY MAIL
STOCKS UP BUT DOUBTS LINGER AS LATEST DEAL TO SAVE EURO BRANDED A 'STICKING PLASTER'
World stock markets soared yesterday despite warnings that the latest deal to save the euro was nothing more than a ‘sticking plaster'. The FTSE 100 index jumped 2.89% or 160.58 points to 5713.82 in London and the Dow Jones Industrial Average was up 339.51 points to 12208.5 in New York.

DAILY EXPRESS
OIL GIANT ROYAL DUTCH SHELL PROFITS BONANZA
Oil giant Royal Dutch Shell unveiled a doubling in profits ­yesterday thanks to higher prices as it vowed to slash European investment because of economic fears. The group reported third-quarter profits of $7.2bn (£4.5bn) for the period to the end of September up from £2.1bn last time.