In Monday's Europe papers

24 December 2007 06:00  [Source: ICIS news]

LONDON (ICIS news)--These were the top stories at 06:00 GMT in the following European newspapers’ online versions on Monday. ICIS has not verified these stories and does not vouch for their accuracy. To go to the individual websites, click the links below:


Front page

Thaksin allies win in snub to military
Allies of Thaksin Shinawatra, Thailand’s deposed prime minister, won a convincing victory in Sunday’s parliamentary elections in a strong rebuke to the military coup leaders who drove the controversial premier from power last year.

Trichet to focus on eurozone inflation
A drive to keep a lid on inflation means the European Central Bank will not be distracted by the repeated interest rate cuts of its US and UK counterparts, according to Jean-Claude Trichet, the bank’s president.

Companies and markets

Techs and banks lift Asian stocks
Asian shares rose, lifted by technology and bank stocks as stronger-than-expected US consumer spending calmed fears the world’s top economy was heading into a recession, while the dollar traded near a six-week high against the yen.

Danone and Wahaha agree to truce
Danone, the French food group, and Wahaha of China have agreed a legal ceasefire and return to "peace talks" for the resolution of one of the most high-profile disputes between a foreign company and a Chinese partner.


Front page

Billions in aid to Pakistan was wasted, officials assert
After the US has spent more than $5bn (€3.4bn) in a largely failed effort to bolster the Pakistani military effort against militants from Al Qaeda and the Taliban, some American officials now acknowledge that there were too few controls over how the money was spent, and that the strategy to improve the Pakistani military needs to be completely revamped.

Hindu nationalist scores a big victory in Gujarat election
He has been likened to the Emperor Nero, who fiddled while Rome burned. He has been denied entry into the US for violations of religious freedom, yet praised as a business-friendly politician who has allowed private industry to flourish in his state.


Little love among matchmakers
The world of Internet dating can be a cold, unforgiving place, particularly when it comes to the fight for customers. The online dating service plans to unleash a new campaign that seeks to depict its older and larger competitor,, as out of touch with mainstream American values.

Target's belt-tightening shoppers confound predictions
It was supposed to be a Target Christmas. Buffeted by high energy costs and a slowing housing market, consumers were expected to trade down from midpriced department stores, like Macy's and Nordstrom, to discount retailers with designer cachet--Target's undisputed terrain.


Front page

It's not just gift-giving for Ded Moroz
Ded Moroz doesn't seem to get any respect. Children--and adults--are demanding a lot more than gifts these days from the old bearded man and his constant companion, Snegurochka, or the Snow Maiden.

Norilsk stake goes to RusAl
Oleg Deripaska's United Company RusAl on Friday won its battle to grab a 25% blocking stake in Norilsk Nickel, the first step toward acquiring control of the company.


Gazprom, state top picks for 2008
Every new year starts with a few good resolutions, most of which are soon lying by the wayside. But investors in Russia will be hoping that the government keeps its promises, as they bank on big infrastructure spending to fuel stocks in the year ahead.

VimpelCom, Golden in $4.3bn deal
VimpelCom, the country's second-largest mobile phone operator, announced Friday that it would acquire fixed-line and Internet firm Golden Telecom for $4.3bn (€3bn), a deal that could give it a head start over its rivals in providing one-stop services.


Front page

Bulgaria plagued by 'grave robbers'
The display cabinets of the Bulgarian National Art Gallery in Sofia are full to bursting with antique treasures. Many of them are masterpieces of antique craftsmanship: filigree leaves of the finest gold woven into a laurel wreath like those worn by the Roman Caesars; or a heavy knee-protector fashioned in silver with decorative designs in gold, printed with the wearer's rank and authority, produced in the 3rd or 4th century BC.

Berlin commune fights the property developers
The Kopi in Berlin's Mitte district is a symbol of the city's far-left scene. They sat down together just like every week, but this time the mood was different: nervous, tense, but also a bit agitated. "It was as if we had just survived a battle," said one of the people who attended the meeting two weekends ago.


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By: Staff Reporter
+44 20 8652 3214

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