In Monday's Europe papers
31 August 2009 05:30 [Source: ICIS news]
New era for Japan as DPJ triumphs
Japan’s centre-left opposition democratic party won a crushing victory over the long-ruling conservative liberal democrats on Sunday, redrawing the political landscape of the world’s second largest economy.
Fed makes $14bn profit on crisis loans
The Federal Reserve has made a $14bn profit on loan programmes that provided hundreds of billions of dollars in liquidity to the financial system since the start of the crisis two years ago, according to Fed officials.
Companies and markets
Swiss banks expect to avoid witch-hunt
Switzerland’s top private bankers are convinced they can avoid a damaging witch-hunt over their activities by US authorities, in the wake of UBS’s tax row.
Commodity traders signal lift for prices
The world’s largest commodity trading houses have turned upbeat on economic growth, signalling firmer raw materials prices in the second half of the year.
INTERNATIONAL HERALD TRIBUNE
Increasing accounts of fraud cloud Afghan vote
International election observers who have been working for months in Afghanistan said the problem was systemic and institutional corruption.
With bold stand, Japan opposition wins a landslide
The Democratic Party has promised to reverse the economic decline and redefine Tokyo’s relationship with the US.
Still in development: A film culture in Dubai
Persian Gulf cities have proved more able to to build expensive facilities than to actually lure production to the Middle East, as economic efforts run up against their traditional values.
After carmakers adapt, China trade dispute ends
Years after a battle with Beijing about taxes on imported auto parts sprang up, many carmakers have moved production to the country.
THE MOSCOW TIMES
US considers missile defense plansThe Obama administration is actively looking into alternatives to the missile defense plans that roiled US-Russian relations under George W Bush.
Trouble lurks in the aisles of Supermarkets
X5 and Magnit posted high profits last week despite a sector-wide slump, but looming regulation and wary consumers are likely to cause trouble for food retailers down the road.
UN warns on tower ahead of St Pete debate
UNESCO on Friday renewed its warning that St Petersburg was jeopardising its status as a World Heritage site, ahead of final public hearings on Gazprom’s plans to build a 400-meter skyscraper visible from the city centre.
LUKoil’s Q2 profit beats expectations
LUKoil said its net profit for the period fell 44% to $2.32bn due to plummeting oil prices, though a poll of 10 analysts gave an average forecast of $1.8bn.
Merkel's conservatives suffer heavy losses in state elections
Angela Merkel's Christian Democrats suffered major losses in two state elections in Germany on Sunday.
German intelligence working on deal to secure Israeli hostage's release
At the request of the Israeli government, Gemany's foreign intelligence service, the BND, is negotiating with Hamas, Jerusalem and Egypt in order to secure the release of Gilad Shalit, who has been held hostage in Gaza since June 2006.
HURRIYET DAILY NEWS
Summer camp teaches children about human rights
Short movies shot by students attending summer camp in Istanbul might not win awards, but they have taught 90 kids about the importance of human rights.
Poll shows Kurdish initiative in tune with most Turks and Kurds
Business and finance
Job ads on the rise
While opposition parties are lashing criticism at the government’s new Kurdish move, one public opinion poll shows a high level of support for the initiative.
Improvements in the economy are being reflected in the number of job ads being sent to HR companies, which have increased 10% since last March.
KAYI builds biggest mall in Sofia
KAYI Construction is building the largest mall in the capital city of Sofia.
WARSAW BUSINESS JOURNAL
Poland publishes H2 GDP growth of 1.1%
Empik Media & Fashion's situation improves
The Polish Gross Domestic Product grew in second half of 2009 by 1.1% year on year and 1.4% quarter on quarter, according to Central Statistical Office (GUS).
NFI Empik Media & Fashion will soon announce its Q3 financial results, however it was already revealed that despite the economic slowdown, sales increased by 30% and the net profit will most probably be on a similar level to last year's.By: Staff Reporter+44 20 8652 3214
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