Catch up with all the top stories from the weekend with our newsround digest

The Observer
British Petroleum (BP) has been given the green light to make the largest investment by an overseas company in China. Beijing has allowed BP to enter into a joint venture with Sinopec, the foreign-listed arm of China Petroleum Chemical Corporation, which is China’s biggest oil producer and refiner. This could see BP take a $14bn stake equivalent to 25% of Sinopec’s shares.

The American Glazer family, which acquired football club Manchester United for £800m, is considering bringing in new investors as part of a deal with lenders designed to cut crippling interest payments at a time when the club’s finances are under pressure. The Glazers borrowed £540m to fund the highly leveraged buy-out and have so far been prevented from refinancing because of hefty penalty clauses, but these fall away in two months.

Mail on Sunday
Waitrose has broken ranks with the rest of the food industry and is adopting the government’s controversial traffic light labelling scheme. From next month Waitrose will follow Food Standards Agency proposals and give sandwiches a red, amber or green code, according to levels of fats, salts, saturates and sugar per 100g.

BT is planning to offer free broadband in two years to all its customers – currently 20 million – when the telecom giant’s £10bn 21st Century Network project is switched on. This was originally scheduled for 2009, but will now probably be a year earlier according to a senior company source.

The Business
French energy giant Suez and Gaz de France (GdF) have won French government backing for a merger to create a huge energy company worth more than €72bn. The news came late on Saturday as directors of Spain’s Gas Natural were also meeting to discuss the financing for a bid to match the €29bn takeover made by Germany’s Eon for Endesa, Spain’s electricity giant.

Multiplex, the Australian construction giant building Wembley, has ruled itself out of bidding for London’s £280m Olympic Stadium. The group’s image has been tarnished by the troubled Wembley stadium project – delays which have forced the moving of the FA Cup final to Cardiff’s Millennium Stadium.

The Sunday Times
Britain’s plastic manufacturers, which make goods as varied as toys, bottles, artificial hips and car bumpers will this week warn energy minister Malcolm Wicks that 7,000 jobs are at risk in the industry because of crippling energy costs. The British Plastics Association say that energy prices account for 10% of a firms total costs as opposed to 3% before energy prices soared in 2004.

Management meetings with three or more people cause executives to switch off and have a serious knock-on effect on the rest of the company. More than 30% of top executives surveyed said meetings with three or more people left them feeling ‘seriously disengaged’ from work.