FT.com - Europe homepagehttp://www.ft.com/home/europehttp://www.ft.com/rss/home/europeFT.com - Europe homepageen© Copyright The Financial Times Ltd 2008. "FT" and "Financial Times" are trademarks of the Financial Times.support@ft.comFri, 9 May 2008 17:07 BSTFri, 09 May 2008 18:19:28 BSTNewspapers15http://news.ft.com/cms/d1f3ce1a-6bbe-11da-bb53-0000779e2340.gifFT.com - Europe homepagehttp://www.ft.com/home/europe(PICS-1.1 "http://www.classify.org/safesurf/" L gen true for "http://www.ft.com/" r (SS~~000 1))Oil price breaks through $126 a barrelhttp://www.ft.com/cms/s/0/c26d3436-1d96-11dd-983a-000077b07658.htmlhttp://www.ft.com/cms/s/0/c26d3436-1d96-11dd-983a-000077b07658.htmlCrude surged to a new record high as concerns about supplies to the US mounted after Opec blamed a weak dollar for the recent spike in prices rather than a lack of productionFri, 9 May 2008 14:46 BSTCitigroup considers $400bn asset saleshttp://www.ft.com/cms/s/0/068c27a0-1d40-11dd-82ae-000077b07658.htmlhttp://www.ft.com/cms/s/0/068c27a0-1d40-11dd-82ae-000077b07658.htmlCitigroup confirmed that at least $400bn in non-core assets could be sold as part of plans to reduce costs and restore profit growth to double-digit ratesFri, 9 May 2008 14:51 BSTKazakhmys spurns £7.05bn ENRC proposalhttp://www.ft.com/cms/s/0/b637a1da-1ddf-11dd-983a-000077b07658.htmlhttp://www.ft.com/cms/s/0/b637a1da-1ddf-11dd-983a-000077b07658.htmlThe London-listed, Kazakhstan-based copper miner rejected an indicative offer from compatriot ENRC that was pitched below Kazakhmys' current share priceFri, 9 May 2008 17:07 BSTHizbollah seizes large parts of Beiruthttp://www.ft.com/cms/s/0/804d3d28-1d26-11dd-82ae-000077b07658.htmlhttp://www.ft.com/cms/s/0/804d3d28-1d26-11dd-82ae-000077b07658.htmlGunmen loyal to the Shia militant group Hizbollah seized control of several Beirut neighbourhoods and shut down a pro-government newspaper and television station Fri, 9 May 2008 09:16 BSTBurma closes doors to foreign aid workershttp://www.ft.com/cms/s/0/3953d01c-1d9e-11dd-983a-000077b07658.htmlhttp://www.ft.com/cms/s/0/3953d01c-1d9e-11dd-983a-000077b07658.htmlAfter a week of ambivalence towards the offer of international aid, Burma has made it clear it wants to handle the cyclone crisis on its ownFri, 9 May 2008 09:05 BSTDresdner loss drags on Allianzhttp://www.ft.com/cms/s/0/6ca82e42-1d9c-11dd-983a-000077b07658.htmlhttp://www.ft.com/cms/s/0/6ca82e42-1d9c-11dd-983a-000077b07658.htmlDresdner Bank stayed in the red in the first quarter after writing down €845m on structured finance investments, keeping it in the spotlight as parent Allianz works to split it in twoFri, 9 May 2008 15:18 BSTIMF warns on global inflation http://www.ft.com/cms/s/0/f30215fc-1d3d-11dd-82ae-000077b07658.htmlhttp://www.ft.com/cms/s/0/f30215fc-1d3d-11dd-82ae-000077b07658.htmlGlobal inflation has re-emerged as a major threat to the world economy, the International Monetary Fund said in a stark warning that marked an abrupt change of tone from its emphasis on the risks to growthThu, 8 May 2008 21:44 BSTChina eyes overseas land in food push http://www.ft.com/cms/s/0/cb8a989a-1d2a-11dd-82ae-000077b07658.htmlhttp://www.ft.com/cms/s/0/cb8a989a-1d2a-11dd-82ae-000077b07658.htmlChinese companies will be encouraged to buy farmland abroad, particularly in Africa and South America, to help guarantee food security under a plan being considered by BeijingThu, 8 May 2008 19:26 BSTEDF adds to its UK nuclear optionshttp://www.ft.com/cms/s/0/59363856-1d2c-11dd-82ae-000077b07658.htmlhttp://www.ft.com/cms/s/0/59363856-1d2c-11dd-82ae-000077b07658.htmlEDF, Europe's biggest power company, has been buying land around nuclear sites in England and WalesThu, 8 May 2008 23:39 BSTPolitical crisis hurts Turkey's imagehttp://www.ft.com/cms/s/0/cb9a1478-1d20-11dd-82ae-000077b07658.htmlhttp://www.ft.com/cms/s/0/cb9a1478-1d20-11dd-82ae-000077b07658.htmlThe country's international reputation is suffering because of a domestic debate on secularism that has shaken confidence in the financial markets, its president told the FT in an interviewThu, 8 May 2008 18:26 BSTSovereign Bancorp to raise fresh capitalhttp://www.ft.com/cms/s/0/ab83b228-1d27-11dd-82ae-000077b07658.htmlhttp://www.ft.com/cms/s/0/ab83b228-1d27-11dd-82ae-000077b07658.htmlA deal to raise up to $2bn from a consortium led by Spain's Grupo Santander would make the second-largest US savings and loan the latest in a line of banks seeking to raise capital to offset losses on loansThu, 8 May 2008 19:43 BSTAIG plunges to record losshttp://www.ft.com/cms/s/0/f7bf7ec2-1d56-11dd-82ae-000077b07658.htmlhttp://www.ft.com/cms/s/0/f7bf7ec2-1d56-11dd-82ae-000077b07658.htmlThe crisis at American International Group deepened after $15bn in credit-related writedowns plunged the US insurer into a record quarterly lossFri, 9 May 2008 00:56 BST