In Wednesday's Europe papers

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

FINANCIAL TIMES

Front page

FSA chief fears turf war with Bank
The City regulator has warned Mervyn King, governor of the Bank of England, that his proposals for the Bank to take charge of financial supervision could damage stability and lead to pointless turf wars.

Police chiefs plan cybercrime squads
Police forces plan to set up regional "cybercrime" squads similar to those that deal with anti-terror operations, as senior officers seek to counter criticism they are not doing enough to combat the 3m annual cases of online crime.

Companies and markets

Boeing delays maiden Dreamliner flight
Boeing has been forced to postpone the first flight of its troubled 787 Dreamliner, its flagship new aircraft development programme, after discovering a weakness in the flagship structure of the jet.

Overview: Investors stay on cautious tack
Financial markets maintained an uncertain tone on Tuesday as investors seeking further signs of improvement in global economic conditions were disappointed.

INTERNATIONAL HERALD TRIBUNE

Front page

Obama assails iron fist in Iran against protesters
President Obama hardened his tone toward Iran on Tuesday, condemning the government for its crackdown against election protesters and accusing Iran’s leaders of fabricating charges against the United States.

Hoping to generate a bit more buzz
The Beekeepers Ball, held on Monday night at the Water Taxi Beach in the South Street Seaport, was, among other things, a lesson in coalition politics.

Business

Now hiring specially skilled workers
Just as the recession began, Chris McGrary, a manager at the Cianbro Corporation, set out to hire 80 "experienced" welders. Only now, 18 months later, is he completing the roster.

Citigroup has a plan to fatten salaries
After all those losses and bailouts, rank-and-file employees of Citigroup are getting some good news: their salaries are going up.

THE MOSCOW TIMES

Front page

European watchdog castigates courts
Russia’s court system came under a withering attack by Europe’s top human rights watchdog on Tuesday for "politically motivated abuses" that it said have especially victimised two companies, Yukos and the Hermitage Fund.

Urals region prevents a repeat of Pikalyovo
About 150 workers thought that they would borrow a page from Pikalyovo and block the main highway to Yekaterinburg when their Urals porcelain factory was shut down on Tuesday over unpaid bills.

Business

Oil exploration law may need revisions
A senior natural resources official says oil firms with foreign capital may be deterred from exploring.

Svyazinvest aiming to challenge ‘Big 3’
Svyazinvest expects its planned reorganisation to make it a leading player on the mobile communications market, currently dominated by three private firms, Communications and Press Minister Igor Shchyogolev said on Tuesday.

DER SPIEGEL

Front page

Merkel faces difficult talks in Washington
German Chancellor Angela Merkel is travelling to Washington this week to discuss the financial crisis and climate change with US President Barack Obama – two issues where Germany and the US are deeply divided.

Three German soldiers killed in Afghanistan
Three German soldiers died on Tuesday amid heavy fighting in northern Afghanistan. The casualties are just the latest indication that security in the north, the region in which Germany leads the peacekeeping effort, is deteriorating.

HURRIYET DAILY NEWS

Front page

Turkey charges military officers for allegedly leaking PKK document
Two members of the Turkish army were charged over allegations of leaking classified information on the fight against the terror organisation PKK, according to a report on Tuesday.

Iran rules out scrapping presidential vote as world alarm mounts
Iran’s top election body on Tuesday ruled out cancelling the disputed presidential vote as the world voiced increasing alarm at the violent crackdown on opposition demonstrators posing the most serious challenge to the Islamic regime in 30 years.Business and finance

No new updates

WARSAW BUSINESS JOURNAL

Front page

Nearly 50% of businesses expect better results in H2
Some 54% of enterprises saw a drop in sales of products and services in the first four months of the year, but despite this, as many as 44% of companies polled by the employers’ association PKPP Lewiatan at the beginning of June believe their financial condition, including sales, should improve in H2.

Poland’s road death toll is second worst in Europe
Poland ranked second worst in Europe in terms of fatal car accidents last year, with 5,437 persons killed on the domestic roads, according to a report by the European Transport Safety Council (ETSC).

By: Staff Reporter
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