In Monday's Europe papers

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

FINANCIAL TIMES

Front page

Air alliance runs into turbulence
News of the extent of Brussels’ competition concerns about the planned alliance between American Airlines, British Airways and Spain’s Iberia comes at a critical time for the carriers.

Growth is key as Berlin ring-fences spending
The new German government will not reduce public spending until the country has emerged from the downturn, the next finance minister has warned.

Companies and markets

Disney boss tells Hollywood to rewrite script
Bob Iger, the Walt Disney chief executive, has issued a stark warning to Hollywood, saying the film business is “changing right before our eyes” after a turbulent year in which studios have been forced to re-examine their business models.

Outlook: US recession halted but clouds remain
Relief over the ending of recession in the third quarter will be tempered by concerns over consumer spending because of rising unemployment

INTERNATIONAL HERALD TRIBUNE

Front page

Iraq bombings, deadliest since 2007, raise security issue
Two synchronised bombings killed at least 132 people in Baghdad on Sunday, as insurgents continued to direct their attacks on vital government operations.

Both Iran and West fear a trap on uranium deal
Iran is afraid of falling for a Western ruse to neutralise its “strategic reserve” while the West fears being lured into a plot to buy time for a nuclear bomb programme.

Marketplace

Trying to rein in ‘too big to fail’ institutions
Congress and the White House will take up the issue of how to deal with companies that are so big that the government has no choice but to rescue them when they get in trouble.

South Korea’s economy grows at fastest pace in seven years
The country’s GDP grew 2.9% on strength in manufacturing and capital spending, the central bank said on Monday, as Asian countries lead the global recovery.

THE MOSCOW TIMES

Front page

Putin predicts inflation near 8%
The prime minister’s estimate is dramatically lower than the most optimistic forecasts from his government and the Central Bank.

All eyes on Medvedev’s ‘Go, Russia!’ speech
The president is asking for advice that he can incorporate into his state-of-the-nation address. But how much will he accept?

Business

Alfa, BasEl agree on some restructuring
Alfa Bank expects to sell its share of debt owed by Oleg Deripaska’s Russian Machines unit within one month to another creditor.

State plans major gold sell-off to cut deficit
The sales from the State Precious Metals and Gems Repository, also known as Gokhran, could account for 0.5% to 1.25% of global consumption of the metal, which soared in price to a record of $1,070.40 per ounce on 14 October.

HURRIYET DAILY NEWS

Front page

Ferzan Ozpetek through the eyes of Italian artists
Renowned Turkish director Ferzan Ozpetek is making his latest film in the southern city of Lecce in Italy.

Turkey’s first swine flu death raises alarm
The Health Ministry last week confirmed that swine flu has caused its first death in Turkey.

Business and finance

Turkey needs to revamp health tourism
Turkey has a lot of catching up to do when it comes to the health tourism industry, according to experts.

Bursa auto show off to a good start
As the Bursa automotive show kicks off, it is a chance to take stock of the progress of the Turkish auto industry, which has performed well despite the economic crisis.

By: Staff Reporter
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