In Thursday's Europe papers

28 August 2008 06:00 [Source: ICIS news]

Front page

Obama nominated as Democrats unite
Barack Obama formally secured the Democratic nomination for president on Wednesday as former President Bill Clinton declared him “ready” to become America’s commander in chief, and his running-mate, Joe Biden, praised his foreign policy judgment.

West tells Russia to keep out of Ukraine
Britain led a chorus of support for Ukraine on Wednesday as western fears rose of possible Russian attempts to build on its victory in Georgia by threatening neighbouring states.

Companies and markets

Fannie Mae shakes up top ranks
Fannie Mae, the US government-sponsored mortgage financier, on Wednesday unveiled a management restructuring that put new executives in charge of its plan to improve capital management and cut credit losses.

Overview: ECB comments bolster euro
The euro bounced off a six-month low against the dollar on Wednesday and European government bonds fell sharply as benign German inflation data were offset by hawkish comments from European Central Bank officials.

INTERNATIONAL HERALD TRIBUNE

Front page

Obama wins historic nomination
Barack Hussein Obama, a freshman senator who defeated the first family of Democratic Party politics with a call for a fundamentally new course in politics, was nominated by his party today to be the 44th president of the United States.

NATO ships cause alarm in Moscow
Russian commanders on Wednesday said they were growing alarmed at the number of NATO warships sailing into the Black Sea, conceding that NATO vessels now outnumbered the ships in their fleet anchored off the western coast of Georgia.

Marketplace

Superstar athletes court Chinese market
At times during the Olympics, athletes like Dwyane Wade and Serena Williams seemed to be working as hard off the court as they were on the court.

On Indian roads, progress takes a deadly toll
The twisted metal of smashed cars lining highways here is a grim testament to India’s road toll, one of the worst in the world with about 100,000 people killed in traffic accidents last year.

THE MOSCOW TIMES

Front page

Theories swirl about war’s beginning
In war, the saying goes, truth is the first casualty. In South Ossetia, it seems, truth has been battered so ruthlessly that it is virtually impossible to determine who fired the first shot.

EU seeks common response to Russia
The European Union is likely to issue a condemnation of Russia’s recognition of independence for South Ossetia and Abkhazia at an extraordinary summit in Brussels on Monday.

Business

Surprise nuclear plant in Kaliningrad
Rosatom head Sergei Kiriyenko has signed a decree for the construction of a nuclear power plant in the Kaliningrad region, the country's atomic energy company announced Wednesday.

LUKoil in probe over pipeline
The Federal Anti-Monopoly Service said Wednesday that it was investigating the country's second-biggest oil producer, LUKoil, on suspicion of barring a smaller rival from using its pipeline in the Komi republic.

DER SPIEGEL

Front page

The chronicle of a caucasian tragedy
Many in the west were surprised by the outbreak of war between Georgia and Russia. But there were plenty of signs that the conflict was approaching. Spiegel reconstructs the road to violence.

‘The cow is a climate bomb’
Whether cattle are reared organically or with conventional farming methods, the end effect is bad for the environment, according to a new German consumer report. The agricultural lobby, however, is preventing politicians from tackling this massive source of greenhouse gas emissions.

TURKISH DAILY

Front page

A precarious bridge between east and west
Turkey’s position as a precarious bridge between east and west is highlighted once more as it is torn between its NATO obligations and its important trade partner Russia.

Latest episode in the battle on building road in METU
As Gökçek reveals its plan to build road in METU campus to ease capital’s traffic, METU rector says the plan was incomprehensible

Business and finance

Russia curbs trade, trucks wait at border
Turkey has protested to Russia over trade restrictions after trucks were held up at customs, hurting exports to Turkey’s biggest trading partner. Russia’s implementation, which is still active despite a statement that it would end on August 16, leaves exports facing the risk of losing the market.

Plaza centers profit doubles
Plaza Centers, the Israeli-controlled developer of malls that’s buying properties in central and eastern Europe, said profit doubled in the first half on the sale of a shopping center.

WARSAW BUSINESS JOURNAL

Front page

Russia slammed for supporting the breakup of Georgia
In a special announcement issued yesterday President Lech Kaczyński declared that he is outraged by the decision of Russia to recognize the independence of two Georgian provinces, namely Abkhazia and Southern Ossetia

PiS plans to mount attack on Tusk’s unfulfilled promises
Law and Justice (PiS), the largest opposition party, wants to evaluate the ruling of PM Donald Tusk and the PO-PSL coalition and reveal all the unrealized promises. “We will show all the promises made by Tusk during his expose as well as during the celebration of 100 days in office. We have counted well over 100 unrealized promises,” declared the head of the PiS parliamentary club Przemysław Gosiewski.

By: Staff Reporter
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