In Tuesday's Europe papers

13 October 2009 05:30  [Source: ICIS news]

FINANCIAL TIMES

Front page

UK divorce law in need of shake-up, says Bar chief
UK divorce laws should be remodelled along European lines, where engaged couples visit lawyers to discuss pre-nuptial agreements, an expert in family law will say on Tuesday.

Brown to repay £12,000 of his own expenses
Gordon Brown faced the humiliating prospect of repaying more than £12,000 ($19,000) of cleaning, laundry and gardening expenses deemed excessive by an independent review on Monday.

Companies and markets

Bishop drops out of race for ITV chair
ITV lurched deeper into crisis on Monday after its latest candidate for chairman pulled out of talks to take the post following consultations with major investors including its largest shareholder and business rival, British Sky Broadcasting.

BofA waives attorney-client privilege on Merrill deal
Bank of America has agreed to a request from the office of Andrew Cuomo, attorney-general of New York, to waive the attorney-client privilege that Mr Cuomo claims is preventing him from determining whether charges should be brought against BofA’s top executives.

INTERNATIONAL HERALD TRIBUNE

Front page

Britain’s expense scandal hits Brown’s wallet
Prime Minister Gordon Brown has to write a personal cheque for nearly $20,000 to repay the treasury.

Tax evaders face choice: pay or pray
On 15 October, people with money in overseas banks must confess to the Internal Revenue Service and pay penalties or hope they will not be caught.

Marketplace

Eastern Europe fears new era of Russian sway
With a new pipeline planned to run along the bed of the Baltic Sea, the Russian natural gas giant Gazprom is driving a wedge between Eastern and Western Europe.

As Asia’s emerging economies bound ahead, auction houses shift focus
Asia’s role in the market for super high-end luxury goods is mushrooming, reflecting an underlying shift in consumer spending power.

THE MOSCOW TIMES

Front page

United Russia win raises a dilemma
Mayor Yury Luzhkov and Dagestani President Mukhu Aliyev found themselves in the hot seat on Monday after the opposition and even senior officials claimed massive voting fraud in Moscow.

United Russia declared big winner in elections
Medvedev gave his stamp of approval to the elections and said they gave United Russia the legitimacy needed to run both the legislative and executive branches of government.

Business

AvtoVAZ sees record loss as state plans aid
The dismal results came as the government approved a nine-month extension to increased import duties on cars, which all but closed the Russian market to used foreign autos.

Troika warns on pension plan
Troika's managing director said new legislation contains vague wording that could be interpreted to mean that asset management companies must offer guaranteed profits on stocks.

DER SPIEGEL

Front page

Germany's new government faces reality check
Two weeks after the German election, the new coalition government is struggling with the consequences of the economic crisis.

German ship transporting arms for Iran
US troops boarded a German-owned freighter in early October and found eight containers full of ammunition, allegedly headed to Syria from Iran.

HURRIYET DAILY NEWS

Front page

Turkish music industry vs Myspace, Last.fm
Turkey is experiencing another debate over banned Web sites. This time the issue is not pornography or Ataturk, but sharing music on Myspace or Last.fm.

Award given with nine years of delay
The Golden Orange Film Festival continued on Monday with the traditional parade. Artists greeted people and festival officials distributed masks of unforgettable faces from Turkish cinema.

Business and finance

Yalcindag to step down as the chairwoman of TUSIAD
Turkish Industrialists' And Businessmen's Association, or TUSIAD, will start the New Year without Arzuhan Dogan Yalcindag.

Turkey ‘shelves’ IMF deal
The Turkish government might have “shelved the idea of signing a deal with the International Monetary Fund,” according to a report by Bank of America-Merrill Lynch.

WARSAW BUSINESS JOURNAL

Front page

KNF approves PGE issue prospectus, IPO next step
The Financial Supervision Commission (KNF) approved on Friday an issue prospectus for the energy company PGE, which will be published on Monday.

The operator behind Play will expand, but cautiously
According to Joergen Bang-Jensen, president of P4, the company which operates mobile phone operator Play, the number of outlets offering company's services will increase but will remain below 1,000.

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By: Staff Reporter
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