In Thursday's Europe papers

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

FINANCIAL TIMES

Front page

Darling gambles on growth
Alistair Darling on Wednesday gambled on a rapid economic recovery and severe spending cuts to regain control of public finances ravaged by the world’s worst financial crisis since the second world war.

iPhone sales help Apple buck trend
Apple on Wednesday set itself apart from most of the struggling consumer electronics sector as it reported an unexpectedly strong 9% increase in revenues in the first three months of 2009, despite the depth of the recession and a lack of hot new products to draw consumers to its stores.

Companies and markets

Japan’s Kirin offers to buy out Lion Nathan
Kirin, the Japanese beer group, is stepping up its efforts to expand in international markets after making an indicative bid for Lion Nathan, Australia’s second largest brewing group that has a stock market value of A$4.4bn.

Overview: Fears over financials spark late sell-off
Global equity markets diverged on Wednesday, as Wall Street succumbed to a bout of late selling with worries over the health of the financial sector outweighing better earnings news from the broader market.

INTERNATIONAL HERALD TRIBUNE

Front page

Taliban seize vital Pakistan area closer to the capital
Pushing deeper into Pakistan, Taliban militants have established effective control of a strategically important district just 70 miles from the capital, Islamabad, officials and residents said on Wednesday.

Some immigrants who lose freedom face loss of custody
When immigration agents raided a poultry processing plant near here two years ago, they had no idea a little American boy named Carlos would be swept up in the operation.

Marketplace

Japan pays foreign workers to go home
Rita Yamaoka, a mother of three who immigrated from Brazil, recently lost her factory job here. Now, Japan has made her an offer she may not be able to refuse.

Oil prices resist the world’s recession trend
In recent months, oil prices plunged as consumers curtailed fuel use around the world, with some analysts predicting that the dire economic situation would cause oil to fall to $20 a barrel or less.

THE MOSCOW TIMES

Front page

Putin to end rule on cash registers
The government will ease life for small businesses by simplifying their taxes and ditching a requirement that they must all use cash registers, Prime Minister Vladimir Putin said on Wednesday.

TNK-BP bids for minority Sibir stake
TNK-BP began a blitz bid on Wednesday to buy a minority stake in smaller rival Sibir Energy, offering an impressive £4.30 per share, 2 1/2 times more than its last closing price.

Business

Gazprom Neft buys Italy assets
Gazprom Neft extended a Russian push into European refining and marketing on Wednesday by buying Italian oil operations from US oil major Chevron.

Survey: People doubt Medvedev is the boss
As Dmitry Medvedev ends his first year in the Kremlin, many Russians are doubtful about how much political clout he wields as president, according to a survey released on Wednesday.

DER SPIEGEL

Front page

Is demonising Monsanto blocking real progress?
Germans are celebrating the fact that the government has banned genetically modified corn. But the country’s almost blanket opposition to genetic modification ignores the fact that it might just help scientists find a solution for feeding a swelling global population.

Iceland’s women reach for power
Iceland’s women are blaming men for the financial crisis that has brought the country to its knees. They are now looking for a female solution to clean up the mess.

HURRIYET DAILY

Front page

Children without a real childhood
Despite some success improving conditions for its children, Turkey still has a long way to go to incorporate many thousands of kids who still spend their time in industrial sites or on farms.

AKP report: 8-point drop result of mistakes
The eight-point decrease in votes for the ruling party was the result of series of mistakes, including the financial crisis, the party’s mayoral candidates and its government policies, according to a new report from the ruling Justice and Development Party, or AKP.

Business

Erdemir employees agree to wage cuts
Ereğli Demir & Çelik Fabrikaları, or Erdemir, Turkey’s biggest steelmaker, has received labour union consent to cut wages by 35% in order to avoid layoffs amid the global crisis.

Businessman lashes out against the IMF
The majority of countries that have signed loan deals with the International Monetary Fund, or IMF, and obeyed their programmes have not been able to get back on their feet again, according to Bülent Parlamış, chairman of Parlamış Holding.

WARSAW BUSINESS JOURNAL

Front page

PO seeks to create Constitutional Commission
Civic Platform (PO) politicians have proposed the establishment of a Constitutional Commission in order to amend the Constitution before the Presidential elections.

Pol Aqua signs zł.800m Northern Bridge contract
The contract for the construction of the first phase of the Northern Bridge in Warsaw was signed yesterday between the city authorities and the representatives of Pol-Aqua.

By: Staff Reporter
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