In Tuesday's Europe papers

20 May 2008 06:00  [Source: ICIS news]

Anti-foreigner attacks mount in S Africa
Frustrations over rising prices and poor living conditions and resentment at a flood of immigrants from other parts of Africa have sparked some of the most chilling scenes in South Africa since the end of apartheid, with at least 20 people killed and hundreds wounded in several days of mob violence.

US begins to break foreign oil ‘addiction’
The US is starting to break its "addiction" to foreign oil as high prices, more efficient cars, and the use of ethanol significantly cut the share of its oil imports for the first time since 1977.

Buffett says effects of crisis ‘far from over’
Warren Buffett, the world’s richest man and chief executive of conglomerate Berkshire Hathaway, on Monday said he thought the effects of the financial crisis were "far from over".

GE feeling the squeeze in Asia
General Electric, the world’s largest industrial group, is starting to feel the ripple effects from the global financial crisis in its Chinese and Indian operations.

New president of Taiwan sworn in
A proponent of improved ties with China took office as Taiwan's president Tuesday, calling on the larger rival to open a new page in their long-strained relationship while rejecting any move to seek unification with the mainland.

Anti-immigrant violence rages on in South Africa
The man certainly looked dead, lying motionless in the dust of the squatter camp. His body seemed almost like a bottle that had been turned on its side, spilling blood. His pants were red with the moisture.

Buffett lands in Europe on shopping trip
Warren Buffett may be one of the few Americans who can still afford to come to Europe for a shopping spree. Undaunted by the decline of the dollar against the euro, Buffett, the billionaire investor, arrived here Monday to begin a four-country tour of Europe, with a view to buying family owned companies.

Economy falters, and the repo man gains
So many people have so many things they can no longer afford. This is an excellent time to be a repo man. When a boater defaults on his loan, the bank hires Jeff Henderson to go seize, or repossess, its property.

Front page

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The silence of Bogalay
Two Burmese women sit on their haunches at the edge of the gravel road that leads to Bogalay in Burma's Irrawaddy Delta, the region of the country hardest-hit by Cyclone Nargis. They've been waiting here in the pouring rain for hours, next to a rice field a few kilometers outside the city.

Village team earns place in Germany's top soccer league
Football has its fair share of fairy tales but ones like this don't come around that often. The German village of Hoffenheim has been promoted to the country's top soccer division, the Bundesliga, in a meteoric ascent fuelled by millions of euros from billionaire patron Dietmar Hopp, who used to play for the club

Bit of tenderising to tendering rules
Proposed changes in the rules of public procurement, spearheaded by Prime Minister Recep Tayyip Erdogan, create controversy, as many fear the changes might be a recipe for endemic corruption.

Iraqi Kurdish prime minister visits US
Kicking off a visit to the US, the prime minister of the Kurdish regional government (KRG) in northern Iraq, said the Kurds were committed to a federal and democratic Iraq at peace with itself and its neighbors.

Three ministers warn Turkey over Ilısu Dam
Amid growing criticism over the expected flooding of Batman province's Hasankeyf town due to the Ilısu Dam project, three European governments involved in the project issued a warning to Turkey, reported the Anatolia News Agency yesterday.

Price increases in steel result in snowball effect
Alternative investment demand that emerged after the US dollar lost value has caused a surge in raw material prices, resulting in extreme increases in the costs of giant steel companies.

Front page

Kruk begins to use every trick to fight takeover
Wojciech Kruk, the main shareholder in jewelry company W Kruk who holds a slightly over 28% stake in the firm, told daily Parkiet that he is considering the establishment of a competitive jewelry firm. "As shown by history, for instance at the example of Mr Grycan, this move has a huge chance of success," said Wojciech Kruk.

Banking services expand, but banks still remain unpopular
According to the latest research from Pentor, the opinion pollster, only 54% of the public use a personal bank account, a figure up 3% over the last year. Of the 46% who do not have a bank account only 8% intend to eventually open one.

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