Morning in brief: Sarkozy calls for new treaty, China’s leading index falls further

Nicholas Sarkozy has called for the creation of a new European treaty if the single currency is to be preserved, while concerns over a hard landing for China mount as the Shanghai index posts four weeks of losses.

International

French Prime Minister Nicholas Sarkozy is leading calls for a new European treaty in order to save the euro from collapse, writes the Guardian.

Markets

China’s Shanghai Stock Exchange Composite Index has suffered a fourth week of losses, adding to concerns that the economy is in the midst of a slowdown, according to Bloomberg.

Companies

Royal Bank of Scotland has announced it will sell all 918 branches of the Galaxy pub group to Heineken for £422m, reports the BBC.

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