In Monday's Europe papers

28 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 Monday. To go to the individual websites, click the links below:

 

Financial Times

Front page

 

Jupiter secures covenant-light loan

Jupiter Asset Management has secured a £425m ($843m/€626m) covenant-light loan to back the buy-out of the fund manager from Germany’s Commerzbank in a fresh sign of willingness by banks and investors to relax lending standards.

 

EU globalisation fund questioned

A contentious €500m ($672m) European Union “shock ab­sorber” fund to help workers who lose their jobs to global competition has received just two requests for aid since its launch, raising questions about the extent of “de­localisation” of European jobs.

 

Companies and markets

 

Study into secret of drug success

Drugs groups should focus more on the demands of healthcare payers and less on doctors in order to make their new medicines a commercial success, according to study of medicine launches over the past decade

 

Elan challenges pharma pricing model

The head of Elan, the Ireland-based pharmaceutical group, has challenged the industry to overhaul its commercial model and offer groundbreaking new treatments at lower cost.

 

International Herald Tribune

Front page

 

With allies in enemy ranks, GIs in Iraq are no longer true believers

The gung-ho attitude that many US soldiers brought to Iraq in the beginning of the war has turned to disdain, with increased attacks from the same Iraqi Army forces they helped to train.

 

Militants widen reach as terror seeps out of Iraq

The Iraq war, which for years has drawn militants from around the world, is beginning to export fighters to neighbouring countries and beyond.

 

Marketplace

 

Evraz to take over Mining Company

Steel giant Evraz Group announced Friday that it would assume full control of the company that owns the Yubileinaya mine, where a methane gas explosion a day earlier killed at least 39 miners.

 

Riot police detain gay right activists

OMON riot police detained gay rights activists, including three European lawmakers, on Sunday as they tried to deliver a letter to City Hall appealing a banned gay march.

 

Business

 

Mironov tells experts the world is getting cooler

It was a failure from the start. Russia's biggest conference on the Kyoto Protocol, which aims to fight global warming, began with a speech from a top official who denied that global warming even exists.

 

Rebgun wins Yukos Dutch case

Yukos receiver Eduard Rebgun won a Dutch court case that positions him to claim the bankrupt firm's remaining foreign assets, his spokesman said Friday.

 

Der Spiegel

Front page

 

Tour de France Victor Riis admits to doping

The confessions keep coming. Former Tour de France winner Bjarne Riis admitted on Friday to having taken the performance enhancing drug EPO. He's the seventh professional rider this week to come clean.

 

Germany's ‘silver workers are back on the job

The German economy is booming, but many firms are suffering from a lack of qualified employees. Now, they are rehiring many of the graying former employees they were sending into early retirement just a few years before.

 

Turkish Daily

Front page

 

Horses of Istanbul islands

The island municipality knocked down the ramshackle stables and promised to build new ones within a year. Though new stables are ready, the inauguration has been postponed twice. Two years on, the horses still reside in temporary tents.

 

Dreamy holiday at real prices

Now it is summer time. Everybody is fed up with working, going to school and struggling in traffic throughout the year. Now it is time to have a break. We know that you are thinking about having a good holiday.

 

Business and finance

 

Turkish president turns back bill on nuclear power

Turkish President Ahmet Necdet Sezer has sent back to Parliament portions of a bill setting the legal framework for the country's first nuclear power plants.

 

No loan for land property for those who don't own a house

Demand for land has awakened. In Ankara a piece of land with capacity for 70 villas was bought within seven days. But banks who see land as non-profit investment hesitate to grant loans.

 

Warsaw Business Journal

Front page

 

Doctors strike success?

Four days into their general strike and with more and more hospitals joining the protest, leaders of doctors' unions met with Health Minister Zbigniew Religa yesterday at press time to discuss possible solutions to the conflict.

 

Teachers follow doctors lead to strike

The leaders of the Polish Teachers Union (ZNP) held talks with government representatives yesterday, who tried to convince them to withdraw from their plans to strike on 29 May.

 

Business

 

Polish companies struggle to find and reward workers

More often than not, Polish companies are dealing with both a lack of workers and a lack of incentive when it comes to increasing wages.

 

State holds curious list of strategic companies

State-owned companies currently represent 25% of GNP, three times that of old EU countries, and according to a list of strategic companies prepared by the Treasury Ministry, this proportion is unlikely to change in the near future.


By: Staff Reporter
+44 20 8652 3214



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