Wednesday newspaper round-up: Donald Trump, Airbus, Heathrow

(Sharecast News) - Donald Trump must divulge detailed financial information from his many businesses as part of his $10bn defamation lawsuit against the British Broadcasting Corporation, a federal judge ruled during a discovery hearing on Tuesday, according to news reports. The ruling by US magistrate judge Enjoliqué Lett could open a unique window into the hundreds of businesses owned by Trump's family trust. It also highlights a potential drawback for Trump's strategy of bludgeoning critical media with multibillion-dollar lawsuits. - Guardian Airbus has said it will test folding wings for the next generation of its bestselling planes, as the world's largest planemaker races to work out the shape of future commercial aircraft by the end of the decade. Longer, thinner wings made of light but strong composite materials offer the promise of energy savings but present a problem for manufacturers because they will not fit in airports around the world, many of which are already at or near full capacity. - Guardian

Andy Burnham is expected to announce a £1bn raid on Amazon and Asos to pay for a pubs tax break. In a blow to online retailers, the Prime Minister is expected to raise business rates for fulfilment warehouses to pay for cutting rates for pubs, clubs and live music venues by 20pc. The policy announcement is expected in the coming days, according to the Huffington Post. - Telegraph

Andy Burnham may be forced to nationalise Heathrow if a row over its third runway plan cannot be resolved, the head of one of the airport's biggest carriers has warned. Sir Tim Clark, the president of Emirates, described the spat over the length of the £49bn runway as "childish" and said the new Prime Minister should have his ministers "bang heads together". The veteran boss said the prospect of nationalisation could not be discounted amid a conflict between Heathrow's owners and Surinder Arora, the hotel tycoon. - Telegraph

Andy Burnham's government has been told by Rolls-Royce that it needs a decision "as soon as possible" on financial support to develop its re-entry into the short-haul aircraft engine market - or will go "elsewhere" to manufacture them. Tufan Erginbilgic, the company's chief executive, renewed the threat in a briefing at the Farnborough air show amid fears that without taxpayer support Rolls could move the business to Germany or the US, and Britain could lose tens of thousands of future jobs. - The Times