Sunday Round-Up: The main stories from yesterday's City pages: The Observer

National Power and PowerGen could be referred to the Monopolies and Mergers Commission this week on competitive practices.

Larry Summers, a senior Clinton administration economics official, has criticised European employment policies, saying monetary policy is far too restrictive and questioning the European emphasis on long-term structural reforms of the labour market. He warns that structural policies, such as wage flexibility, are unlikely to succeed unless demand is boosted.

News International is expected to show losses of pounds 1m a week from cutting the price of the Times and the Sun but compensation will come from a strong performance by BSkyB in News' interim figures, out this week.

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