In Monday's Europe papers

17 November 2008 06:04  [Source: ICIS news]

FINANCIAL TIMES

Front page

World leaders unite to restore growth
World leaders pledged to shore up global growth, avoid protectionism and move quickly on regulatory reform at the conclusion in Washington in the weekend of the Group of 20 summit to address the economic crisis.

China hints at aircraft carrier project
The world should not be surprised if China builds an aircraft carrier but Beijing would use such a vessel only for offshore defence, a senior official of the Chinese Ministry of National Defence has told the Financial Times.

Companies and markets

Top seven at Goldman forgo bonuses
Top executives at Goldman Sachs will receive no bonus for 2008 after the Wall Street group’s seven most senior bankers waived their right to a payout.

Overview: Investors take cover as volatility levels leap
Global equity markets fell again this week amid deteriorating economic data, poor corporate results and renewed fears over the outlook for the financial sector.

INTERNATIONAL HERALD TRIBUNE

Front page

Iraq pact sets time for US pullout
Iraq's cabinet overwhelmingly approved a security agreement that calls for a full withdrawal of American troops from the country by the end of 2011.

More Americans slipping into bankruptcy
With their credit cards drained, the latest bankruptcy filers are deeper in debt than those in previous downturns.

Marketplace

Japanese economy enters recession
The Japanese government said Monday that downside risks to the world's second largest economy were growing amidst the global financial crisis.

Once greeted warmly, Google wears out welcome
Google is beginning to bump up against a web of European laws whose strictures threaten its growth and the image it has sought to cultivate as a company dedicated to doing good.

THE MOSCOW TIMES

Front page

Medvedev signs tariff pledge in US
President Dmitry Medvedev joined the other leaders of G20 nations Saturday in pledging not to introduce new trade barriers over the next 12 months, a commitment that might complicate the government plans to insulate the national economy from the global crisis.

Uralkali stock stares into a chasm
In a week when all investors in Russia were holding their breath, the bluest faces had to belong to Uralkali shareholders.

Business

'Gas Troika' plans draft charter
The Energy Ministry said Friday that the Forum of Gas Exporting Countries will hold its Moscow summit on 23 December and will agree on a draft charter on 26 November.

RusHydro to cut 17% of staff
RusHydro said Friday that it would cut 17 % of its staff and hold on to its stakes in other power companies, which have fallen up to 75% in value.

DER SPIEGEL

Front page

The Cold War's missing atom bombs
In a 1968 plane crash, the US military lost an atom bomb in Greenland's Arctic ice. But this was no isolated case.

Barack who?
So what if the United States elected a new president? From samurai sword attacks to ducky court cases in Poland, there were plenty of other news in the last two weeks.

HURRIYET DAILY NEWS

Front page

In search of a Kurd and Alevi strategy
Hindered by its faltering image in the eyes of liberals and parts of the Kurdish and Alevi communities, the AKP is headed toward a major meeting where it will discuss a new strategy toward both groups, as well as a requested cabinet reshuffle.

Erdoğan warns Obama possible plights ahead
Prime Minister Recep Tayyip Erdoğan's overview of the Turkish foreign policy at the Brookings Institute on Friday included important criticisms on US handling of the "war on terror" and the European Union.

Business and finance

Turkish exports to fall
As all 30 members of Organisation for Economic Cooperation and Development are declared to be in recession, Turkey’s exporters reveal they are quite worried about what the future may hold for them.

Investing in Turkish property made easy
The government is taking steps to make it easier for the citizens of Gulf states and Turkish republics to buy real estate in Turkey by taking into consideration whether or not Turkish citizens are allowed to invest in real estate in those countries

WARSAW BUSINESS JOURNAL

Front page

Poland will be ready for Euro 2012
Poland will be 100% ready to co-host the Euro 2012 championship with Ukraine, according to the PZPN President Lato.

Labour of love
Current European labour market restrictions might be abolished by the European Union next week.

ICIS Copyright © Reed Business Information 2009

Author: Staff Reporter
+44 20 8652 3214

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