EUROPEAN HEADLINES

FT – Fed holds rates as global worries trump strengthening US growth. Bank maintains 0 to 0.25% target rate. Policymakers want more time before tightening.

WSJE – Fed keeps rates near zero. Officials cite concern over global outlook in deciding to hang back; most still see 2015 hike.

INYT – Upheaval in Burkina Faso. A coup led by military officers on Thursday removed the transitional government of Burkina Faso and plunged the capital of Ouagadougou, into chaos, weeks before scheduled elections. The officers who led the coup are thought to be allies of the country’s longtime leader, who was deposed in October.

FRANCE

Le Monde – Telecoms: Patrick Drahi continues his conquest on credit. SFR owner announced on Thursday the purchase of American cable operator Cablevision for more than €15 billion.

Les Echos – The gamble which made Drahi a telecom giant. The businessman plans to buy the American cable operator Cablevision. He spent €52 billion in acquisitions since 2014. In the United States, he now enjoys a very strong reputation.

GERMANY

Frankfurter Allgemeine (FAZ) – BAMF Head resigns “because of personal reasons.” Due to sluggish treatment of asylum applications, the President of the Federal Office for Migration and Refugees (BAMF), Manfred Schmidt, came under fire and resigned.

Sueddeutsche Zeitung – German Government plans tougher asylum law. Drastic cuts in allocation are to force refugees to return to the EU countries they first entered.

ITALY

La Repubblica – Renzi: an agreement on the reform of the Senate is reachable. Positive vote for the Senate reform; only the President of the Senate, Pietro Grasso, remains against it.

Il Sole 24 Ore – US leave interest rates unchanged at 0.25%. The US federal reserve has decided not to decrease interest rates but instead to hold them steady at their historic low of 0.25%. The US central bank made it clear that concerns about the strength of the global economy had influenced its decision.

POLAND

Gazeta Wyborcza – Children in food revolution. As of 1 September 2015, pre-schoolers are no longer treated to sweet cornflakes for breakfast or salty hot meals. School canteens serve barley, wholemeal noodles and honey. Not all are happy with the food revolution however.

SPAIN

El Pais – The Generalitat asks for the support of embassies for the secession. “Catalonia was absorbed by Spain against its will,” says one of the 20 messages sent in a year.

Expansion – Fed has decided to wait. The Fed holds rates steady due to global concerns.

UK

The Times – 3,000 terror suspects plotting to attack UK. Homegrown extremists turned within weeks.

The Guardian – SNP threatens new vote on independence. Sturgeon tells Cameron: change your policies or face a second referendum.

©europeanunion2015