In Tuesday's Europe papers

10 November 2009 05:30  [Source: ICIS news]


Front page

Brown looks at £1bn helicopter order
Gordon Brown is examining plans to fast-track a big order of Chinook transport helicopters for Afghanistan, abandoning the government’s longer term procurement strategy.

Cadbury rounds on hostile Kraft bid
Kraft on Monday left open the door to increasing its hostile £9.8bn offer for Cadbury, refusing to rule out a higher bid to win over shareholders of the British confectionery group.

Companies and markets

Bush officials lead Iraq business push
Senior Bush administration figures including Zalmay Khalilzad, former US ambassador to Baghdad, and Jay Garner, the retired general who led reconstruction efforts immediately after the war, are leading a new business push into Iraq.

Overview: Dow Jones nears 13-month high
One of the main US stock market benchmarks closed at the highest level since October 2008, as investors began the week in risk-seeking mode but the greenback fell as a result.


Front page

Future of Palestinian authority is in question
Those close to Mahmoud Abbas said that he intended to resign and that other Palestinian officials would follow.

Navies of two Koreas exchange fire
North and South Korean patrol boats exchanged fire in disputed waters on Tuesday, leaving a North Korean vessel heavily damaged.


Power for US from Russia’s old nuclear weapons
Fuel from dismantled nuclear bombs, including Russian ones, generates about 10% of America’s electricity.

Burberry looks online for ways to gain customers
Burberry’s new social networking site reflects a broader move by luxury goods companies to embrace the internet, hoping to attract a new generation of shoppers.


Front page

Shuvalov vows no AvtoVAZ layoffs
The specter of thousands of people being fired from the nearly bankrupt AvtoVAZ by year-end has rattled workers as well as the government, which is eager to avoid potential unrest amid the economic crisis.

Moscow sends mixed signals on Berlin Wall
The Kremlin is being overtly positive about the demise of the Iron Curtain, which led to the Soviet breakup, while at the same time harbouring resentment about its current position in Europe.


Gazprom’s first half profit falls 48%
Profit fell 48% to 296.2bn roubles ($10.22bn), from 573.7bn roubles during the same period in 2008, the gas export monopoly said in a statement.

Hearing on Okhta Centre pushed back
The St Petersburg governor says the final decision on the Okhta Centre, which is to serve as the headquarters for Gazprom Neft, had not yet been made and that the project itself had to go through “serious government assessment”.


Front page

Clinton takes aim at 'Walls of the 21st Century' in Berlin
Berlin is in a partying mood, and a number of heavy-hitting politicians are on hand to assist in the Berlin Wall anniversary celebrations.

9 November marks highs and lows in German history
9 November is a key date in Germany's chequered 20th century history.


Front page

EU info centres to be replaced with new ones
The recent closure of European Union Information Centres in Istanbul and Ankara has caused rumours about whether EU-Turkey relations are on the decline.

Swedish model to fight child sex trade
Sweden, the current holder of the European Union’s term presidency, is opening an all-out war against the trafficking of children for sexual purposes.

Business and finance

Expert warns of Turkish dependency on foreign energy resources
Oguz Turkyilmaz, a member of the board at the World Energy Council National Committee of Turkey, said Turkey’s foreign dependency in energy is increasing.

Islamic leaders pledge economic cooperation
Gathering in Istanbul on Monday, the heads of states of the Organisation of the Islamic Conference, or OIC, discussed economic cooperation.


Front page

Only Deutsche Boerse submits bid for majority stake in WSE
Deutsche Boerse is the only entity interested in taking over a majority stake in the Warsaw Stock Exchange, the State Treasury revealed on Monday.

Zloty to remain stable until end of year says central banker
The zloty is likely to hover around zl4.20 to the euro until the end of this year according to Witold Kozinski, vice president of the National Bank of Poland.

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