In Friday's Europe papers

09 January 2009 05:29  [Source: ICIS news]

FINANCIAL TIMES

Front page

UN calls for immediate ceasefire in Gaza
The United Nations security council on Thursday night called for an immediate and durable ceasefire in Gaza leading to a full withdrawal of Israeli forces from the territory.

Madoff ordered $150m transfer
Bernard Madoff ordered his UK company to transfer about $150m to his US firm just weeks before he allegedly confessed to running a $50bn fraud scheme, two former employees of Madoff Securities International said.

Companies and markets

Glimmers of hope but outlook still overcast
The big freeze has dominated newspaper weather coverage of late, but there was talk yesterday of a thaw in the prospects for consumer publishing.

Grim data overshadow Obama’s fiscal efforts
Caution was the watchword in financial markets on Thursday as the upbeat mood seen at the start of the year continued to be eroded by bleak economic and corporate news.

INTERNATIONAL HERALD TRIBUNE

Front page

UN and Red Cross add to outcry on Gaza
As international aid groups lashed out at Israel over aid for civilians, the UN Security Council approved a resolution calling for an "immediate" cease-fire.

Senate allies fault Obama on stimulus
The president-elect's economic recovery plan ran into cross-fire from his own party, suggesting that it could take more time to pass than Democrats once hoped.

Marketplace

Korean automaker files for receivership
Ssangyong Motor said a failure to reach a deal with creditors forced it to file for court receivership.

Deal reached to end gas cut-off in Europe
The European Union said that gas supplies to the continent should resume shortly, after a deal was struck late Thursday with Ukraine and Russia.

THE MOSCOW TIMES

No updates

DER SPIEGEL

Front page

Global downturn brings Russia's oligarchs to their knees
The global financial crisis is wiping out the wealth and political influence of Russia's once-mighty oligarchs. Yesterday's kingmakers are now having to beg the Kremlin for loans.

Egypt gets Israel and Palestinians to negotiating table
Fighting continues in Gaza and the crisis has escalated with rockets from Lebanon now targeting Israel.

HURRIYET DAILY

Front page

Judiciary gears up for close look at Ergenekon
Jurists say the whole Ergenekon case has been conducted by committing several violations of provisions of the Penal Procedure Code. The Constitution’s Article 38 states illegally obtained evidence cannot be used in courts of law.

Top cleric calls to aid Palestine financially 
An aid campaign for Palestinians has been announced by Turkey's top cleric, who said they would be close to Palestinians not only in hearts and prayers, but also economically.

Business and finance

Detector sales rise after gas disaster
Sales of gas detectors boom in Turkey shortly after an accident in the capital that killed seven university students. 

Treasury jumps at the bond sale wagon
Turkish Treasury sold $1bn of dollar bonds maturing in 2017, joining a flurry of debt sales by developing nations this week. Turkey sold the notes to yield 5.01% points above Treasuries.

WARSAW BUSINESS JOURNAL

Front page

Who will renovate Poznań's railway station?
Echo Investment, Neinver Polska, TriGranit Holding and HB Reavis Group are all in the second stage of the competition to win a contract for reconstruction of the PKP Poznań Main Railway station.

High flying telecom director to sex up top fashion firm
Iwona Kossmann, former management board member of telecom companies PTK Centertel and TP SA, became the CEO of clothing company Deni Cler, which is part of the Vistula Group.
By: Staff Reporter
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