In Friday's Europe papers

25 May 2007 07:00  [Source: ICIS news]

LONDON (ICIS news)--These were the top stories at 06:00 GMT in the following European newspapers’ online versions on Friday. To go to the individual websites, click the links below:

 

Financial Times

Front page

 

US fears over China long-range missiles

The US is increasingly concerned about China’s deployment of mobile land and sea-based ballistic nuclear missiles that have the range to hit the US, according to people familiar with an imminent Pentagon report on China’s military.

 

Nasdaq set for deal with OMX

The Nasdaq stock market is on Friday expected to announce an agreement to buy OMX Group, the Scandinavian exchanges and technology group, in a deal that would create the second transatlantic exchange operator in less than a year.

 

Companies and markets

 

Nokia hits back in Qualcomm dispute

Nokia, the world’s biggest mobile phone maker, stepped up its legal battle over the level of royalties it pays chipmaker Qualcomm, announcing its first patent countersuit.

 

JPMorgan offers to buy back Greek bond

JPMorgan, the US investment bank, offered to buy back from Greek pension funds a controversial €280m ($375) bond that it underwrote this year for the Athens government.

 

International Herald Tribune

Front page

 

Germany and Japan press US to take strong action on climate change

But Chancellor Angela Merkel tries to lower expectations that President George W Bush will agree to ambitious goals at a G-8 summit.

 

Europe, Japan to pass US in growth this year

The world can weather a slowdown in the largest economy, aided by robust demand in China and India and strong growth elsewhere, report says.

 

Marketplace

 

Alcan seeks allies in defence against Alcoa

The chief executive of Alcan said his company was in talks with rivals to fend off Alcoa's takeover bid. A Canadian newspaper identified BHP Billiton as the potential white knight.

 

Yen may fall as Japanese invest summer bonuses overseas, analyst says

Japanese companies will probably pay about yen (Y) 13,000bn, ($107.2bn, €79.8bn) of bonuses to their workers next month.

 

The Moscow Times

Front page

 

38 dead in Siberian coal mine disaster

Relatives of dead miners grieving in the rain on Thursday outside the administrative office of the Yubileinaya coal mine, 45kms from Novokuznetsk.

 

'Because of this law, I've become homeless'

Lidia Gaidar fought back tears as she told how she had come home from work last month and found the lock had been changed on the door of the apartment where she had lived for 13 years.

 

Business

 

Putin touts rising economic muscle

Russia's growing economic power has made it less vulnerable to outside pressure, President Vladimir Putin said Thursday after competing a short European tour in which he signed economic and trade accords with Austria and Luxembourg.

 

Study finds Russian tourists to be a brother

If you find yourself wondering this summer what nationality that rowdy family in the hotel lobby is or who keeps on hogging the best spots around the pool, there's a good chance that they could be Russian, a new study has found.

 

Der Spiegel

Front page

 

One day in the world's most dangerous city

What does daily life look like in the Iraqi capital? What goes through people's minds when yet another bomb explodes, killing and maiming innocent people? SPIEGEL spent time with four Iraqis and describes a day in the world's most dangerous city through their eyes.

 

German farmer has high hopes for hip-high heifers

The cows he breeds stand just over one meter tall, but hobby breeder Andreas Grunewald hopes miniature livestock will make him rich.

 

Turkish Daily

Front page

 

Terror alert in the nation

A suicide bomber on late Tuesday carried out a bloody attack which killed six and injured 91 people in the centre of the Turkish capital, pushing the government to take tough measures throughout the country to prevent similar attacks ahead of general elections and the tourism season.

 

Turkey launches information campaign to combat forest fires

Preparing for a hot summer, the Environment and Forest Minister Osman Pepe yesterday revealed the ministry's plans to launch an information campaign in order to combat forest fires.

 

Business and finance

 

Turkey postpones 3G licence tender

Turkey's telecommunications regulator has postponed the tender for four third-generation phone licenses. The tender, which was supposed to be held 25 May, will now be held 7 September, an official from the Communications Ministry said on Tuesday.

 

Drought, Iraq scandal make Australian wheat plummet

Australian wheat exporter AWB Ltd.'s first-half profit fell 72% the company said Wednesday, blaming the country's worst drought in 100 years and costs from a scandal related to kickbacks to Iraq to win wheat contracts.

 

Warsaw Business Journal

Front page

 

New law gives Minister more control over judiciary

The Sejm yesterday passed amendments to the Court System Act which now gives unprecedented power over judicial appointments and dismissals to the Justice Minister, despite claims by opposition politicians and experts that this is unconstitutional.

 

Polish pharmaceuticals prove a big hit in Russia

Polish pharmaceutical companies are taking advantage of the booming drugs market in Russia, where the market for OTC medicines is already bigger than in Poland and is expanding at 25% per year.

 

Business

 

Michelin invests €253m

Michelin, the French tyre giant, will launch production of new rubber mixes in Olsztyn this autumn as part of an €253m ($339m) investment program that also includes the construction of a logistics and warehousing centre on an adjoining site.

 

Cheaper spare parts

The Sejm yesterday passed an amendment to the Industrial Property Act that gives car owners the opportunity to use cheaper, non-branded spare parts for repairs.

By: Staff Reporter
+44 20 8652 3214

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