In Wednesday's Europe papers

11 July 2007 07:00  [Source: ICIS news]

LONDON (ICIS news)--These were the top stories at 07:00 GMT in the following European newspapers’ online versions on Tuesday. To go to the individual websites, click the links below:

 

Financial Times

Front page

 

Pakistani forces kill Red Mosque cleric

Pakistan’s military was conducting mopping-up operations after seizing control of large parts of the Red Mosque complex in battles that left at least 58 dead.

 

US mortgage problem fears spark sell-off

Fears of further problems in the US mortgage industry and the broader economy flared on Tuesday, triggering a sell-off in credit markets as investors sought safe havens.

 

Business

 

US mortgage problem fears spark sell-off

Fears of further problems in the US mortgage industry and the broader economy flared on Tuesday, triggering a sell-off in credit markets as investors sought safe havens.

 

UBS plans push in the US

UBS has initiated an aggressive drive in the US to revive its investment banking operation, in an effort to halt its slide down the advisory league tables for mergers and acquisitions.

 

International Herald Tribune

Front page

 

Scores dead in battle at Pakistani mosque

The eight-day siege of the Red Mosque exploded into an all-day battle on Tuesday that left 8 members of the security forces and at least 50 militants dead, including the ringleader, and presented a test of General Pervez Musharraf's ability to root out religious radicals.

 

Bush counters Republican dissent on Iraq policy

Fearful of a Republican rebellion over Iraq that his own aides believe could force him to change course, President George Bush said Tuesday that the US would be able to pull back troops "in a while," but asked Congress to wait until September to pass judgment on a future military presence there.

 

Marketplace

 

EU backs former French official to lead IMF

The European Union on Tuesday broadly backed the former French finance minister Dominique Strauss-Kahn to become the next head of the International Monetary Fund, even as Britain said the race remained open and questioned Europe's 61-year grip on the Fund's top job.

 

Dollar hits record low to euro

The dollar fell to a record low against the euro and hit a 26-year bottom against the British pound Tuesday before recovering slightly, as investors fretted about a possible fallout from weakness in the US subprime mortgage market

 

The Moscow Times

Front page

 

Sovereign democracy gets a history

President Vladimir Putin has made clear his belief that the country's 20th-century history is criticized unfairly and that Russians should be proud of their past. Many teachers are unhappy with how they are being asked to pass that message along to their students.

 

An entrepreneur values Zhirinovsky at $3m (€2.2m)

The name sounds like "greasy" and has the ring of virulent nationalist politics -- yet buyers should be prepared to pay a fortune for the brand.

 

Business

 

Ford to boost output, build Mondeo

Ford Motor said Tuesday that it would boost output in Russia to 125,000 cars/year by 2009 from 72,000 as it seeks to satisfy booming demand in Europe's fastest-growing major car market.

 

Mitvol's agency rules highland in violation

The country's environment watchdog said Tuesday that Highland Gold Mining was in breach of the terms of its license to develop its large Maiskoye gold deposit in the Far East.

 

Der Spiegel

Front page

 

Is there any hope left for Darfur?

For four years, governments in the US and Europe have looked on as genocide unfolds in Darfur. Now, a joint African Union and UN peacekeeping force is to be deployed in the region.

 

Special treatment for uncle Sam?

About 390 CIA-run flights through German airspace were in violation of German law, and Berlin could have collected millions of euros in fines. Now internal investigations could make things embarrassing for Gerhard Schröder's government as well as the US.

 

Turkish Daily 

Front page

 

One village boycotts politicians, another elections altogether

Amid all sorts of promises made by political parties to garner votes, there are still some villages in the country that to this day have no running water forcing inhabitants to migrate.

 

Forest fires: One ends, another starts

Twenty-eight large and small forest fires devastated different regions of Turkey on Sunday.

 

Business and finance

 

Turner Broadcasting extends partnership with Doğan Media Group

Turner Broadcasting systems Europe and the Doğan Media Group will expand their joint venture partnership with the launch of two new 24-hour channels in Turkey.

 

Bronfman-held Isralom in talks to buy Olimpia stake

Israeli real estate company Isralom properties is in talks to buy about 20% of Olimpia Real Estate Holdings, the companies said on Sunday.

 

Warsaw Business Journal

Front page

 

Building for the future

Pol-Aqua wants to raise up to zl300m (€78m/ $106.8m) from its IPO and increase revenues by 500% by 2008.

 

Charting new waters

Listed mapping and GPS firm PPWK is aggressively moving into telecommunications, announcing a takeover of Eltrix, a Gdańsk-based provider of VoIP services.

 

($1 = €0.73)

 

 

 

 


By: Staff Reporter
+44 20 8652 3214



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