In Wednesday's Europe papers

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


Front page

Swine flu spread points to global pandemic
Barack Obama sought an extra $1.5bn from Congress on Tuesday as the US sharply stepped up its response to the growing spread of swine flu from Mexico around the world.

Boost for Obama as Specter defects
President Barack Obama was presented with a timely 99th-day political windfall on Tuesday when Republican lawmaker Arlen Specter switched parties, giving the administration the prospect of a filibuster-proof 60-seat majority in the US Senate.

Companies and markets

EDF and RWE team lead UK nuclear race
The British government stands to make more than £400m ($584m) in the hotly-contested auction of land to build nuclear power stations, as skyrocketing prices on Tuesday forced out one of the three main bidders.

Citigroup scrambles to raise capital
Citigroup has told US regulators it could fill the capital shortfall identified in the government’s "stress test" by selling large businesses, asking more investors to convert their preferred shares into common stock and reducing its balance sheet.


Front page

US sets fight in the poppies to stop Taliban
Commanders are planning to cut off the Taliban’s main source of money, the country’s multimillion-dollar opium crop, by doubling the number of troops in three provinces.

Shadows cling to an Indian politician
Narendra Modi, Chief Minister of Gujarat State, is the country’s most incendiary politician.


Humbled by meltdown, city of London ponders its identity
An economist predicts that Britain will soon have the highest budget deficit in the developed world, as the financial services industry wanes.

Tentative deal set on Chrysler debt to avert bankruptcy
Chrysler’s secured creditors have reached a preliminary deal with the Treasury Department, two people briefed on the matter said.


Front page

Swine flu 'may hit Russia in a week'
A senior virologist warned on Tuesday that the swine flu outbreak could reach Russia in a week and said the risk of a global pandemic was "very high."

Moscow police chief fired after bloodshed
Medvedev sacks Vladimir Pronin in the wake of a policeman's shooting spree.


Uralkali posts 2008 profit rise of 172%
Uralkali said on Tuesday that 2008 profit rose 172% year on year to 21.9bn rubles ($653m), despite waning demand for its potash fertilizer in the fourth quarter.

Mosenergo says prices are unfair

Mosenergo, Gazprom's main electricity asset, will earn 1bn rubles ($30m) less than it planned this year because of "unfair" capacity pricing by state-controlled Market Council, making it difficult for the generator to build new stations, Denis Fyodorov, head of Gazprom's power assets, said on Tuesday.


Front page

Passengers fought pirates with tables and deck chairs
When pirates attacked the cruise ship MSC Melody on Saturda, the captain was making small talk at the bar.

Why is Germany so calm?
The French are kidnapping managers and taking to the streets in protest against the global downturn.


Front page

IMF recalls 'old hands' for Turkey
Seeking to sign a standby accord with Turkey, the International Monetary Fund turns to its former Turkey desk chiefs Lorenzo Giorgianni, Carlo Cottarelli and Juha Kahkonen for assistance.

Turkey and Russia sign accord on fruit exports
Turkey and Russia have reached an agreement on fresh fruit and vegetable shipments after problems with some of Turkey's exports.

Business and finance

Trade gap to narrow due to weak demand
Turkey’s trade deficit probably narrowed in March from a year earlier, the seventh consecutive contraction, as weaker demand reduced the import bill.

GM could become government-owned company
If Washington accepts a plan crafted by General Motors, the auto giant may well be a government-owned company. GM also plans to slash 10,000 jobs, close scores of plants and eliminate the Pontiac brand.


Front page

Warsaw's blue chip WIG20 down 1.56% after gains
The blue chip WIG20 lost 1.56% on Monday trade mainly on fears about the global financial repercussions of the pig flu outbreak in Mexico.

International leaders in Poland
The British and Italian prime ministers visited Poland on Tuesday.

By: Staff Reporter
+44 20 8652 3214

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