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Nations' failure to conclude the Doha round of trade negotiations after almost a decade is an "international embarrassment", the Prime Minister said at the start of the two-day summit in Seoul.A deal to liberalise trade could add £170bn to the world economy and must be in place next year, Mr Cameron said. Broadening his scope to the current pressure points of trade imbalances and nations' efforts to keep currencies competitive, Mr Cameron warned that protectionism must be fought "in all its forms" to avoid the mistakes behind the depression era of the 1930s, the Telegraph reports.Meanwhile, the US is being forced to defend its policy towards the dollar at the G20 leaders meeting in South Korea, which is heading for a fractious stalemate over currency issues. China stepped up its criticism of the US on Thursday, saying that the Federal Reserve's policy of pushing more money into financial markets was destabilising currencies, the FT reports.Ian Livingston has started to deliver on his promise to fix BT as the telecoms giant took its largest slice of the broadband market and continued to turn around its struggling IT services unit. The company's shares have started to recover after signs that it has got to grips with its pension deficit. They gained 6% yesterday, to close at 160p, making BT the top riser in the FTSE 100. The spike came after Moody's upgraded its outlook for BT to stable from negative after the company raised its profit guidance for the year, the Times reports.Irish government bonds plunged to new lows yesterday as the belief grew that Dublin will be forced to seek rescue financing next year. Brian Lenihan, the Finance Minister, said the blow-out in bond spreads was now "very serious", as the cost of insuring against default by Ireland soared, the Times reports.The price of oil was last night poised to burst through the $90-a-barrel level for the first time in more than two years, propelled by robust demand from China. Fresh economic data showed that industrial production in the world's second-largest economy rose by 13% in October from a year earlier, sending Chinese crude demand to a record 8.92m barrels per day. This is equivalent to more than 10% of world demand, the Times reports.A banker at UBS has allegedly cost the Swiss bank an estimated $10m (£6.2m) in fees after he sent an email detailing General Motors' upcoming flotation to more than 100 people. The rogue email, which is thought to have been sent by accident, has apparently led to UBS being dropped as an underwriter to the car maker on one of the biggest deals in the world at the moment, the Telegraph reports.Europe's lawmakers have approved new rules ushering in pan-European regulation for hedge and private equity funds for the first time. MEPs overwhelmingly backed the plans, which will have far more impact in London, host to at least 75 per cent of the industry, than anywhere on the Continent. The new rules impose reporting and registration requirements on funds, bring in capital requirements and contain investor protection measures, the Independent reports.BG Group has signed a $3.5bn (£2.2bn) contract to build eight giant floating drilling platforms to help pump oil from a string of discoveries off the coast of Brazil. BG and Petrobras, Brazil's state oil company, said the joint order for the new vessels had been placed with Engevix Engenharia, a private Brazilian company, the Times reports.Britons' net wealth climbed back to 2005 levels last year, largely because of a mini revival in the housing market. The value of assets held by the average person, minus their debts, more than doubled from £56,000 to £128,000 between 1987 and 2007, but that march was halted abruptly by the financial crisis of 2008.There was a 15% fall in household net wealth per head in 2007-08, the first annual fall since 2001, the Times reports.The Financial Services Authority said all calls made on company mobile phones will need to be taped from November 2011 and archived for at least six months. Personal mobiles will be exempt from the rules, although institutions will be expected to ensure traders do not use private phone to carry out transactions. Fixed-line calls involving financial transactions such as share orders are already taped to help the City regulator investigate frauds or market abuse, the Telegraph reports.The chief executive of New Look blamed the fashion retailer's sharpest fall in sales for two and a half years on the "deteriorating" trading conditions and the "disruption" caused by the relocation of staff from Weymouth to its London office this year. Carl McPhail also had to defend its supplier policy following Channel 4's Dispatches programme, "Fashion's Dirty Secret", on Monday which showed the appalling conditions endured by some workers making clothes for the retailer, as well as other high-street chains, at a factory used by a sub-contractor of one of New Look's suppliers, the Independent reports.