In Monday's Europe papers

22 June 2009 05:30  [Source: ICIS news]

FINANCIAL TIMES

Front page

RBS chief in £9.6m pay deal
Royal Bank of Scotland will this week unveil a £9.6m pay package for chief executive Stephen Hester, after securing support for a long-term incentive plan from shareholders last week.

Rafsanjani ally calls for ‘political bloc’
A political party affiliated with Akbar Hashemi-Rafsanjani, the former president and key member of the Iranian regime, on Sunday called on Mir-Hossein Moussavi, the opposition leader, to form a "political bloc" that would pursue a long-term campaign to undermine the "illegitimate" government.

Companies and markets

Xstrata in talks with Anglo American
Xstrata, the Swiss-based miner, has proposed a "merger of equals" with its rival, Anglo American, in a move that could set off another wave of consolidation in the international mining industry.

Economic Outlook: Fed to confirm progress
Recent cooling in global markets is partly explained by investors’ realisation that they might have jumped the gun in translating recent encouraging economic news into expectations for an early recovery from the global recession.

INTERNATIONAL HERALD TRIBUNE

Front page

Unrest in Iran sharply deepens rift among clerics
A bitter rift among Iran’s ruling clerics deepened on Sunday over the disputed presidential election that has convulsed Tehran in the worst violence in 30 years, with the government attempting to link the defiant loser to terrorists and detaining relatives of his powerful backer, a founder of the Islamic republic.

Fondly, Greenland loosens Danish rule
The thing about being from Greenland, said Susan Gudmundsdottir Johnsen, is that many outsiders seem to have no clue where it actually is.

Business

Small carmakers benefit from Detroit’s woes
In addition to the recession, and the bankruptcies of Chrysler and General Motors, a new threat has appeared in the rearview mirror.

As The Boston Globe struggled, confusion prevailed
Almost exactly a year ago, on 23 June, more than 200 employees at The Boston Globe packed into the newspaper’s ground-floor auditorium to hear what visiting executives from The New York Times Company had to say.

THE MOSCOW TIMES

Front page

Putin signs anti-crisis plan, part 2
The government’s first anti-crisis plan contained a staggering 55 points. Its second, signed by Prime Minister Vladimir Putin on Friday, has just seven.

Court Marshals order sale of Telenor stake
The Federal Court Marshals Service on Friday ordered the state to auction off Telenor’s 26.6% stake in VimpelCom, a move that the Norwegian telecoms company said made the possibility of losing the shares "quite realistic."

Business

Rosneft boosts powers of board of directors
State-controlled Rosneft drastically expanded the powers of its board of directors at its annual shareholders meeting on Friday as it announced plans to increase output and develop a major new field.

State plans to limit bank bailout funds
The government plans to cut off recapitalisation funds to all but its biggest banks, leaving the thousand or so outside the top 60 with no access to state funds under a new bill.

DER SPIEGEL

Front page

Missionary activities prompted abduction, investigators believe
Officials from the Foreign Ministry in Berlin believe that the Germans kidnapped in Yemen were abducted because of their missionary activities.

EU reaches deal on Lisbon Treaty
Friday’s deal in Brussels paving the way forward for a second referendum on the Lisbon Treaty in Ireland is the most important decision taken in Europe this year.

HURRIYET DAILY NEWS

Front page

Ownership battle for ’79 revolution
Protesters and political leaders remain at odds in Iran as the opposition steps up its challenge over the weekend.

A French ‘wake up’ call on EU dream
Long opposed to Turkey’s entrance into the European Union, France has called on Turkey to "see the reality" and ponder a new option it formulates as "the most possible association" with the EU.

Business and finance

23 days of limbo hit famous brands
Compared to last year, sales of imitation products in Turkey have increased 60%, thanks to a 23-day-long legal limbo in January. After a government decree was annuled and a law was approved 23 days later, the Turkish market is flooded with imitation products.

Green new deal: A way out of turmoil?
Environmentally friendly policies wrapped under the concept of ‘Green New Deal’ may be a way out of the global crisis, according to participants of a conference that took place over the weekend at Istanbul’s Bilgi University.

WARSAW BUSINESS JOURNAL

Front page

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By: Staff Reporter
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