In Tuesday's Europe papers

16 June 2009 05:30  [Source: ICIS news]

FINANCIAL TIMES

Front page

Shooting raises tensions in Tehran
Violence broke out and shots were fired in Tehran on Monday night after hundreds of thousands of opposition protesters defied an official ban to stage the biggest demonstration since the Islamic revolution of 1979.

Brown set to hire PR man who aided Palace
Gordon Brown is poised to hire the public relations man who helped revive the Queen’s image after the death of Diana, Princess of Wales, to try to restore his own battered reputation.

Companies and markets

Glaxo in generic drug alliance
GlaxoSmithKline on Monday stepped up its expansion into emerging markets, striking an alliance to sell more than 100 drugs of Dr Reddy’s, the Indian generic pharmaceuticals maker, in Africa, the Middle East, the Asia Pacific and Latin America.

Fears for financial system cut risk appetite
Risk appetite suffered a sharp deterioration on Monday as fresh uncertainty about the global economy and the financial system prompted investors to shift away from equities, commodities and emerging market assets into the perceived safety of government bonds and the dollar.

INTERNATIONAL HERALD TRIBUNE

Front page

Social networks spread Iranian defiance online
As the embattled government of President Mahmoud Ahmadinejad appears to be trying to limit Internet access and communications in Iran, new kinds of social media are challenging those traditional levers of state media control and allowing Iranians to find novel ways around the restrictions.

Making honesty a policy in Indonesia cafes
A country not known for its transparent practices in business, politics and many other areas, Indonesia is pressing ahead in its long-running anti-corruption drive by opening up cashier-free "honesty cafes" across the archipelago.

Business

Europeans rely on a mix of concessions to save jobs
Rising European unemployment has business and government looking to offset the pain, and some of the solutions belie the region’s reputation for inflexibility.

Work-sharing may help companies avoid layoffs
As companies struggle to make it from recession to recovery, many are turning to a novel but unheralded programme that cuts their costs while sparing their workers’ jobs.

THE MOSCOW TIMES

Front page

Malev buys 30 superjets for $1bn
Malev Hungarian Airlines said on Monday that it would purchase 30 Superjets worth $1bn, providing a welcome boost to the aircraft as it made its international debut at the Paris Air Show.

Crisis and security top SCO summit agenda
President Dmitry Medvedev led closed-door talks on the financial crisis and regional security with the leaders of China and Central Asia at the start of a two-day summit on Monday that underlined Russia’s drive for more clout in global affairs.

Business

BRIC to focus on raising IMF clout
President Dmitry Medvedev will meet the leaders of China, India and Brazil on Tuesday for talks that will focus on how the four countries should seek to increase their clout in international financial institutions, particularly the IMF.

Rosatom buys 17% of Canadian miner
Rosatom on Monday agreed to buy 17% of Canadian rival Uranium One in exchange for half of a Kazakh mine, giving the Russian state corporation another foothold in North America as it pursues an aggressive programme of global expansion.

DER SPIEGEL

Front page

The inexorable march of H1N1
Within just a few weeks, the highly infectuous H1N1 virus has spread across the globe. For now, symptoms tend to be relatively mild. But healthcare experts are worried that could change and are preparing for the worst.

Iran’s growing societal chasm
Thousands of Iranians took to the streets in Tehran to protest the results of Friday’s presidential election. The opposition may abhor re-elected President Mahmoud Ahmadinejad, but Supreme Leader Ayatollah Khamenei is also a target – the result of a growing split in Iranian society.

HURRIYET DAILY NEWS

Front page

‘Finish off AKP’ debate unfinished
After conducting an investigation, the Turkish military declares that the alleged plan to dismantle the AKP as part of an effort to fight fundamentalism and stop religious movements is a fabrication.

Iran division widens as rally ban ignored
Thousands of protesters defied an Iranian government ban on a rally in Tehran on Monday to protest hard-line President Mahmoud Ahmadinejad’s re-election, as the country’s supreme leader said allegations of vote rigging should be investigated.

Business and finance

Government eases borrowing limits
Economy Minister Ali Babacan announces that the government is easing restrictions on Turkish companies to borrow from the international market.

Oligarch’s loyalty tested amid crisis
Russian billionaire Oleg Deripaska’s loyalty to Moscow is tested after the crisis-hit oligarch was humiliated publicly by Prime Minister Vladimir Putin earlier this month. Deripaska’s plans to lay off more workers may be curbed.

WARSAW BUSINESS JOURNAL

Front page

The poor list?
Never before has the list of 100 richest Poles, published by the Wprost weekly, seen such a drop in value.

Weaker złoty helps cushion shrinking exports
The weaker złoty is helping companies survive the difficult period of falling orders.

ICIS Copyright © Reed Business Information 2009

Author: Staff Reporter
+44 20 8652 3214

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