In Monday's Europe papers

05 January 2009 05:30  [Source: ICIS news]

FINANCIAL TIMES

Front page

FSA cracks down on disclosure
Leading companies are being probed by the financial watchdog over possible failures to disclose key trading data to the stock market, in a wide-ranging crackdown that threatens fines and criminal prosecutions.

Israel pumps more troops into Gaza
Israel on Sunday poured fresh troops and tanks into the Hamas-controlled Gaza Strip, splitting the territory in half, as it pursued a massive ground offensive that defied mounting European and Arab calls for an immediate ceasefire.

Companies and markets

Austria takes control of Bank Medici
Bernard Madoff’s alleged $50bn fraud on Friday claimed its biggest victim to date as the Austrian government was forced to take control of Bank Medici, which might have lost more than $3bn in the scandal.

New Year begins on positive note for equities
Global equities began the New Year on a positive note as investors endeavoured to put the wreckage of 2008 behind them and focused instead on hopes for better times ahead.

INTERNATIONAL HERALD TRIBUNE

Front page

Amputations, and mostly civilians, at a Gaza hospital
Doctors have been battling to keep Shifa Hospital running under the most adverse circumstances but scant resources are being stretched to a breaking point.

Israeli attack splits Gaza; truce calls are rebuffed
Witnesses said that Israeli forces pushing into Gaza had taken over certain strategic areas as Hamas continued to launch rockets into southern Israel.

Marketplace

Obama plan includes $300bn in tax cuts
Tax cuts for workers and businesses are nods to critics worried that the economic recovery program has been too focused on government spending, advisers said.

South Korea shipyard confident in crisis
This is a sobering season for South Korea, which takes exceptional pride in its shipbuilding industry, but Sungdong Shipbuilding & Marine Engineering hopes to profit as rivals lose ground.

THE MOSCOW TIMES

No new updates

DER SPIEGEL

No new updates

HURRIYET DAILY NEWS

Front page

Parties eyeing rival turf in election war
One of the fierce battles of the March 2009 local elections will be in the capital, where the AKP and CHP will run against each other with powerful candidates. Although the CHP is powerful in Istanbul, it still does not look like it will stand much of a chance against the AKP.

Turkey brainstorms Middle East policy ahead of UN post
With the beginning of its two-year stint at the United Nations Security Council this month, Turkey will try to urge the council to take the necessary steps to bring the situation in Gaza under control.

Business and finance

Crisis hits old habit in Turkey
Teahouses, one of last sanctuaries of the retired and unemployed, are suffering with overall economic slowdown.

Alarm bells sound for music industry
The global crisis, coupled with rising illegal downloads from the Internet, are taking their toll on the music industry.

WARSAW BUSINESS JOURNAL

No new updates

By: Staff Reporter
+44 20 8652 3214

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