Morning Wrap: today's top business stories

News stories from around the web.

New Statesman

Green rules will leave Europe importing even dirtier fuel from elsewhere, Essar Energy warns (Telegraph)

Draconian green regulations risk putting European refineries out of business, leaving the continent importing more fuels from dirtier plants elsewhere in the world, Essar Energy has warned.

China stocks enter bear market amid credit fears (BBC)

Chinese stocks have fallen to a four-and-a-half-year low amid continued concern over the government's credit-tightening policy.

Apprenticeship scheme to create 100,000 engineering technicians (Telegraph)

The Prime Minister outlined plans to create an extra 100,000 engineering technicians within the next five years, as BAE Systems chairman Sir Richard Olver called for the country to give engineers more respect and prestige.

Google says tighter EU search regulations would ‘hurt’ innovation (FT)

Tightening the proposed regulations on Google to resolve competition concerns in Europe would risk stunting advances in online search just as a wave of innovation is set to transform the industry, the US company’s top search engineer has warned.

Rexam issues profit warning and puts healthcare unit on block (FT)

Rexam’s sluggish start to the year has slowed further, prompting the British maker of beverage cans to issue a profit warning and put its healthcare packaging division up for sale.

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