In Monday's Europe papers

21 January 2008 06:00  [Source: ICIS news]

LONDON (ICIS news)--These were the top stories at 06:00 GMT in the following European newspapers’ online versions on Monday. ICIS has not verified these stories and does not vouch for their accuracy. To go to the individual websites, click the links below:

FINANCIAL TIMES

Front page

Ping An in $22bn push for overseas targets
Ping An Insurance, China’s second-largest insurer, plans to raise almost $22bn (€15.6bn) to help fund aggressive foreign acquisition plans in the biggest-ever share sale in mainland China.

Reliance riches boost Ambani
Anil Ambani, the controlling shareholder in Reliance Power, is set to leapfrog his brother Mukesh Ambani, as well as steel tycoon Lakshmi Mittal to become the richest Indian on the back of record investor demand for shares in his company.

Companies and markets

NBC chief eyes TV shake-up
Jeff Zucker, chief executive of NBC Universal, is planning to seize on the writers’ strike to eliminate what he sees as extravagances in the way Hollywood makes and promotes television.

Digital delivery breaks out of periphery
In the great hierarchy that rules Hollywood, studio executives working in digital distribution used to be marginal figures, their obsession with new technology keeping them on the periphery of industry decision-making.

INTERNATIONAL HERALD TRIBUNE

Front page

Bomber kills Sunni allies of the US
A teenager holding a box of candy strode into a gathering of Sunni Arab tribal members near Falluja and detonated an explosive belt, killing four people and wounding nine, members of the Issawi tribe said Sunday. It was the second major bomb attack to strike American allies in Anbar Province in two days.

Foreigners buy stakes in US at record pace
Last May, a Saudi Arabian conglomerate bought a Massachusetts plastics maker. In November, a French company set up a new factory in Adrian, Michigan, adding 189 automotive jobs to an area accustomed to layoffs. In December, a British company bought a New Jersey maker of cough syrup.

Marketplace

From MySpace to yourspace
Two years ago, Chris DeWolfe, the co-founder and chief executive of MySpace, was talking about international expansion with Rupert Murdoch, whose News Corporation bought the social networking site in 2005.

Europe plans revamp of carbon trade
EU officials will propose this week a major overhaul of the bloc's sometimes dysfunctional carbon emissions trading system, aiming to reduce corporate influence and make polluting more expensive.

THE MOSCOW TIMES

Front page

South stream signed after night out
A visit to one of the Bulgarian president's favorite bars plays a role in clinching the pipeline deal.

Bush asks burns to leave US embassy
US Ambassador William Burns is leaving Moscow after a three-year stint for a promotion to the No 3 spot in the US State Department, where he will be in charge of the country's strategy on Iran.

Business

Mitvol's resignation rejected
Oleg Mitvol, the state environmental inspector who led aggressive campaigns against foreign energy companies, abruptly resigned Friday to protest the possible appointment of a new head to his agency.

Serbian Prime Minister backs south stream pact
Serbian Prime Minister Vojislav Kostunica on Friday publicly backed a Russian offer of an energy pact that could see Serbia included in the South Stream pipeline in return for Gazprom getting a stake in Serb oil monopoly NIS.

DER SPIEGEL

Front page

Clinton wins Nevada caucus, Obama vows to fight on
Sometimes the boundaries between democracy and anarchy get somewhat blurred--at least in the Tower Ballroom of the Bellagio, the most elegant of Las Vegas' mega-casinos. "Come to Obama!" roars Leroy Manning, a gigantic waiter. "Obama, or else!" He playfully makes a fist for emphasis.

McCain triumphs in South Carolina
Green is John McCain's color tonight. The jacket he's wearing is green, as is the lectern in front of him and the movable wall behind him. Green is the color of hope--and the 71-year-old is beaming like a young hopeful.

TURKISH DAILY

Front page

Disabilities being overcome one by one
Levent Tilkat was only 18-years-old when he met with a wheelchair that would soon become his lifelong friend. But an Internet training program helped him, as it has helped many disabled persons, get an education and achieve his goals.

Geek culture goes global, Wikipedia founder visits Turkey
The co-founder of Wikipedia, the revolutionary citizen-based online interactive encyclopedia, spoke in Istanbul yesterday as part of a new series by Turkish firm Altivi that hosts leaders in e-based commerce.

Business and finance

Central Bank lowers interest rate
Turkey's Central Bank lowered the benchmark interest rate by a quarter of a percentage point to 15.5%, the fourth consecutive reduction, after the economy grew at the slowest pace in six years and inflation expectations fell.

THY to shine in the skies with Vakko
Vakko, which manufactures and retails apparel for men and women, has won a tender to design a collection for the flying staff of Turkish Airlines (THY).

WARSAW BUSINESS JOURNAL

Front page

Bio-fuel producers to blockade Orlen and Lotos
The producers of pure spirits and bio-ethanol believe that domestic oil companies are destroying small farming distilleries by ordering bio-components such as ethanol from foreign suppliers.

12,000 teachers march on Warsaw
Over 12,000 teachers marched through the streets of Warsaw on Friday, the first significant protest since Prime Minister Donald Tusk's government took office.

ICIS Copyright © Reed Business Information 2009

Author: Staff Reporter
+44 20 8652 3214

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