In Monday's Europe papers

20 April 2009 05:30  [Source: ICIS news]

FINANCIAL TIMES

Front page

Darling to admit £60bn bail-out bill
Alistair Darling has decided to concede for the first time that the government will not recoup the full costs of its banking interventions and that the bill could be as high as £60bn.

Men bear the brunt of US jobs lost
The US recession has opened up the biggest gap between male and female unemployment rates since records began in 1948, as men bear the brunt of the economy’s contraction.

Companies and markets

US to put conditions on Tarp repayment
Strong banks will be allowed to repay bail-out funds they received from the US government but only if such a move passes a test to determine whether it is in the national economic interest, a senior administration official has told the Financial Times.

Worst of recession over, says CBI
The bulk of the recession has already past, according to CBI forecasts, but a recovery is not expected to begin until the spring of 2010.

INTERNATIONAL HERALD TRIBUNE

Front page

Memo says prisoner was water boarded
CIA interrogators used the technique 183 times on Khalid Shaikh Mohammed, the admitted planner of the 11 September terrorist attacks, according to a Justice Department memorandum.

A blast, an ambush and a sprint out of a Taliban kill zone
Pinned down by Taliban fighters, American soldiers fought their way out of a riverbed, and then grieved the loss of one of their own.

Marketplace

Porsche chooses China for its entry into sedans
The Porsche Panamera, unveiled in Shanghai, was the latest confirmation of the importance of the Chinese auto market.

Slump tilts priorities of industry in China
A pre-Olympics push on the environment has slipped as Chinese officials concentrate on growth.

THE MOSCOW TIMES

Front page

Aliyev proposes selling gas to Europe
Azeri President Ilham Aliyev said on Saturday that he wanted Russia to serve as a transit route for his country to begin selling gas to Europe, a proposal that could please Western policymakers who have been looking to diversify their energy supplies.

Rescuing tourism with spas and cheap fares
At least 10% fewer foreign tourists are expected to visit Russia this year, and the government is hoping to convince Russians to spend their vacations at home to make up for the shortfall, Federal Tourism Agency head Anatoly Yarochkin said.

Business

Four luxury car brands buck the trend
Plunging automotive sales have brought domestic auto giants to their knees, and even foreign majors are feeling the pinch.

Kerimov will boost Polyus stake to 37%
Billionaire Suleiman Kerimov has agreed to raise his stake in Polyus Gold to 37% in a deal that ends an asset split between yet another two Russian billionaires, two sources close to the deal said on Friday.

DER SPIEGEL

No new updates

HURRIYET DAILY NEWS

Front page

Peace talks near a Caucasus crest
As Turkey and Armenia cautiously proceed on a path toward reconciliation, their neighbour Azerbaijan is fuming.

Public talks ’put consensus at risk’
A former Armenian foreign minister criticises the Armenian president for the country’s reconciliation talks with Turkey.

Business and finance

Unemployed figures predicted to worsen in Turkey
Number of unemployed in Turkey will be somewhere between 4.6m and 5m by the end of 2011, according to a report released by the Bahçeşehir University Centre for Economic and Social Research, or BETAM.

Turkish developers offer new incentives
Turkey benefits from not being in the euro zone. There are plenty of excellent deals currently on offer for overseas investors, but those in the sector have reasons to wonder how long this can last.

WARSAW BUSINESS JOURNAL

No new updates

By: Staff Reporter
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