In Friday's Europe papers

28 August 2009 05:30  [Source: ICIS news]

FINANCIAL TIMES

Front page

'Swollen' financials jump on Turner
Bankers, industrialists and London’s mayor have fiercely rejected Lord Turner’s argument that Britain’s "swollen" banking industry was destabilising the economy and needed to be cut down to size.

UK business spending weakest in 43 years
Businesses slashed investment spending at the fastest pace since records began in 1966 in the year to the end of the second quarter, data showed on Thursday.

Companies and markets

Dell predicts return to growth
Executives at Dell, the world’s second-biggest PC maker, on Thursday predicted a return to growth in the second half of this year, with a solid rebound in corporate spending that underpins much of the tech industry looking increasingly likely for 2010.

Toyota to halt production in California plant
Toyota said on Thursday that it would halt production next March at a California assembly plant that it has operated in partnership with General Motors for the past 25 years.

INTERNATIONAL HERALD TRIBUNE

Front page

Russia and Ukraine in intensifying standoff

Relations between the two countries are more troubled than at any time since the Soviet collapse, as both sides engage in provocations and recriminations.

Abuse issue puts the Justice Dept and CIA at odds
With the appointment of a prosecutor to investigate detainee abuses, conflicts between the two agencies burst into view, threatening relations between two players on President Obama’s national security team.

Marketplace

Despite slump, Hong Kong real estate remains strong
The world’s fourth-tallest building, the ICC, is not complete yet. But despite the global economic crisis, it is already nearly fully rented.

Profit falls but stock surges as Dell beats forecasts
The better-than-expected performance caused Dell’s stock price to surge nearly 7% during the final minutes of trading.

THE MOSCOW TIMES

Front page

Lukashenko plays coy with Kremlin

Despite Belarus' dire financial situation, the presidents apparently did not make any progress on loans or energy, the two issues that analysts have identified as lying at the core of the difficulties between Moscow and Minsk.

Putin finds an extra $4.6bn for budget

Prime Minister Vladimir Putin said on Thursday that government would modify legislation to free up much-needed funds for the 2010 budget.

Business

IKEA upbeat after 10 years of problems
The company's experience has served as a cautionary tale to others thinking of investing in Russia, although IKEA said it was heartened by improvements in recent years.

Fashion designers cut out the shop

A group of young designers are using new marketing methods, made possible by online social networks, to sell their creations directly and avoid the costs of traditional distribution chains.

DER SPIEGEL

Front page

Abkhazia's attempt to invent itself
Russia may have officially recognised Abkhazia, but the separatist Georgian province is still illegitimate in the eyes of the rest of the world.

With the death of Ted Kennedy, camelot has collapsed

The United States had no need for royalty when it had the Kennedys - a legendary dynasty whose highs and lows gripped the nation.

HURRIYET DAILY NEWS

Front page

Top commander gives unity messages
Turkey’s top military commander delivered messages of unity and brotherhood to the public on Thursday, while warning against any attempts to subvert that aim.

Government dissapoints unions on wage increase

Labour unions find the government’s 4% salary increase offer for next year far from meeting their requirements.

Business and finance

Regulator ends price ceiling on gas

Turkey’s energy market regulator lifted a price ceiling on gasoline and diesel.

Agency that insures bank deposits may need help
As the rising number of failing banks has started to squeeze the Federal Deposit Insurance Corp, the agency decided to make it a little easier for private equity funds to buy out distressed companies.

WARSAW BUSINESS JOURNAL

Financial Times to replace Wall Street Journal in Poland?
The prestigious Wall Street Journal supplement previously available with daily Dziennik is being axed by the paper after its merges with daily Gazeta Prawna.

Faltering support for proposed drug law changes
A month ago Justice Minister Andrzej Czuma announced plans to introduce a new bill to battle drug addiction.


By: Staff Reporter
+44 20 8652 3214



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