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Wednesday Papers: Shell plans big cost cuts on BG merger

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Top stories The Daily Telegraph: Shell is planning to slash $7 billion (£4.7 billion) of costs, $8 billion of investment and 10,300 jobs in the next two years if shareholders approve its plan to buy BG, the energy giant has vowed. The Guardian: Top tax officials are exploring whether Amazon and eBay can be forced to foot the bill for ballooning VAT fraud associated with an army of small overseas sellers who are rapidly coming to dominate sales of many popular items on Britain’s leading shopping websites. Financial Times: Baxalta is sounding out potential alternatives to a takeover by Shire even as the US biotech company remains open to a deal with its UK-listed suitor. Financial Times:...

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