In Friday's Europe papers

06 July 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

 

UBS axes Wuffli in surprise shake-up

Peter Wuffli was on Thursday night ousted as chief executive of UBS, raising questions about the strategy of the Swiss banking group. The departure of Mr Wuffli, 49, followed the board’s decision not to accept him as successor to chairman Marcel Ospel, according to a statement last night.

 

European interest rates on the rise

European interest rates were on the rise yesterday after the Bank of England announced another increase in borrowing costs and the European Central Bank signalled that euro zone rates were likely to go up in September.

 

Companies and markets

 

Compliance a ‘priority’ for Siemens chief

Peter Löscher on Thursday said he would make compliance and a review of Siemens’ overly complex structure his top priorities as chief executive of Europe’s largest engineering group.

 

Axel Springer shelves French tabloid plans

German publisher Axel Springer on Thursday tore up plans to launch a French version of its Bild tabloid, Europe’s best-selling newspaper.

 

International Herald Tribune

 

Front page

 

Emirates’ aims to redraw world aviation map

The chairman of Emirates Airlines - Sheikh Ahmed Bin Saeed Al-Maktoum of the ruling family of Dubai-has sky-high ambitions, and a bankroll to match. He loves large planes and has ordered 55 super-jumbo A380s worth almost $82bn (€60.68bn), to create the biggest fleet of these double-decker planes in the world.

 

Hints of surrender at mosque in Pakistan’s capital

The death toll in the government's three-day siege of a radical mosque in the centre of Islamabad has risen to 19, the interior minister said Thursday. Reports also emerged in the evening that the hold-out cleric leading the rebellion was offering to surrender.

 

Marketplace

 

Parmalat returns to acquisitions trail

Parmalat, the dairy company that collapsed in 2003 in Italy's largest bankruptcy, may spend as much as €1bn ($1.36bn) on acquisitions to add products like flavoured milk and yogurts.

 

Chrysler to sell Chinese-made car in the United States

Chrysler Group will introduce a Chinese-made small car in the US year that could sell for about half the price of its least expensive model, executives said Wednesday.

 

The Moscow Times

 

Front page

 

Big win translates into big money

Once the victory party is over, Russia must face up to the serious job of turning the Black Sea resort of Sochi into a venue capable of holding the Winter Olympics.

 

Olympic elation as Sochi bid prevails

Raw emotions spilled onto the central streets of Guatemala City on Wednesday after the International Olympic Committee handed the 2014 Winter Olympics to Sochi.

 

Business

 

Google unveils its maps of Russia

Until just recently, it was a crime to produce and distribute overly detailed maps of Russia. Now you can find them all online.

 

BoNY Case Hits a Legal Obstacle

The Federal Customs Service’s $22.5bn (€16.7bn) lawsuit against the Bank of New York hit a snag Thursday when the bank's local office refused to act as a defendant at the first court hearing in the case.

 

Der Spiegel

 

Front page

 

Who will benefit from the Sochi Olympics?

Russia is celebrating its victorious bid to host the 2014 Winter Olympic Games in Sochi, but the country must still invest billions in order to equip the city for the Olympics. In the end, critics fear, the richest will profit. Meanwhile, anti-Olympics protests are already being quashed.

 

Desperate clerics hide behind children in Islamabad

On day three of the Red Mosque siege in Islamabad, radicals used women and children as human shields against the advancing Pakistani military. With Friday prayers on the horizon, more trouble may be ahead.

 

Turkish Daily

Front page

 

Konya not expected to shed its conservative cloak

Konya, a conservative city in central Anatolia, is ready to vote for the Justice and Development Party (AKP) once again. The people here dream of sending a minister to the next cabinet who will pay heed to their problems.

 

Incursion doesn't look likely, AKP insists on diplomacy

Saber rattling between Turkey and Iraq in recent months over the PKK infiltrations continues unabated, with US officials promising to do what they can to disillusion Turks.

 

Business and finance

 

Magiclick to expand abroad

Magiclick, one of the first interactive communication and marketing companies in Turkey, is to start international expansion by opening offices in Dubai and London.

 

EU stresses “helva” producers

The European Union (EU) has put various restrictions for the import of Turkish helva (a sweet prepared in many varieties with sesame oil) on grounds that among its ingredients are the Coven herb, used as bleaching material.

 

Warsaw Business Journal

 

Front page

 

PM suspends Zalewski for criticizing the foreign minister

Prime Minister Jarosław Kaczyński yesterday suspended Paweł Zalewski from the ruling party for making critical remarks about Foreign Minister Anna Fotyga.

 

New ecological police to have sweeping powers

A special ecological police force will be introduced as of next year to enforce EU environmental laws, sources in the government say.

 

Business

 

PPWK prepares for takeovers in the telecoms sector

PPWK, the listed maps and GPS company, is moving aggressively into telecommunications services.

 

Sfinks to go it alone in Germany after takeover talks fail

Sfinks, the listed owner of Sphinx and Chłopskie Jadło restaurants, has pulled out of takeover talks with a German restaurant chain.

By: Staff Reporter
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