Patsalides: Rotating EU Presidency a great challenge for Cyprus

Minister of Health, Christos Patsalides addressed today the opening ceremony of a workshop on “The experiences of the Ministry of Health of the Republic of Slovenia” during the Slovenian p...

Medvedev awards Cyprus President Christofias with “Friendship Medal”

Russian President Dmitry Medvedev has announced today his decision to grant the “Friendship Medal” to Cyprus President Demetris Christofias. President Christofias was awarded this meda...

Cyprus consumer Price Index increased in August

Increases were recorded in the prices of certain fresh vegetables, fresh fruit, bread and electricity during August 2010, according to an official press release. Specifically the Consumer Price In...

Russia warns speculators after food prices rise

President Dmitry Medvedev ordered law enforcement agencies on Thursday to prevent speculators driving up food prices after the worst harvest in years and pledged help to ensure affordable food staples...

French government vows to face down pension strike

France's government will not be pushed into watering down a major overhaul of its loss-making pension system despite the prospect of strong support for a nationwide strike next week, a minister s...

Scotland sets minimum price for alcohol, to affect whisky

Scotland's government announced on Thursday that its planned minimum price for alcohol would be set at 45 pence per unit, meaning a bottle of wine would cost at least 4.23 pounds and a bottle of ...

Wall St opens flat after jobless data

U.S. stocks opened little changed on Thursday as consumer shares rose and data showed first-time claims for jobless benefits declined slightly last week. The market could face pressure from profit-t...

European shares edge lower, focus on U.S. data

European equities edged lower on Thursday after the previous session's jump, though auto shares were buoyed by sales data in a market mostly holding its fire ahead of more U.S. economic data due ...

RBS to cut 3,500 jobs in UK

Royal Bank of Scotland announced thousands of new job cuts on Thursday as the part-nationalised bank continues with its drive to trim costs and improve its profitability. RBS, which is 83% owned by ...

Bernanke says govt must follow through on new law

Tough government follow-through on a freshly minted U.S. financial law will be crucial to ensure no bank or firm grows so large that its collapse could jeopardize the entire economy, Federal Reserve C...

Rotating EU Presidency a great challenge for Cyprus

 Minister of Health, Christos Patsalides addressed today the opening ceremony of a workshop on “The experiences of the Ministry of Health of the Republic of Slovenia” during the Slove...

Bonds extend losses after jobless claims data

U.S. Treasury debt prices extended losses on Thursday after data showed new claims for unemployment benefits fell for a second consecutive week last week. Benchmark 10-year notes were trading 12/3...

ECB holds rates, tipped to extend liquidity lifeline

The European Central Bank held interest rates at a record low on Thursday and is expected to keep its liquidity safety-net for banks in place as well amid a lopsided recovery and worries about vulnera...

HK, Shanghai stocks rise; Ping An, auto stocks lead

Shares in Shanghai and Hong Kong rose on Thursday, joining other Asian markets in cheering upbeat economic data from the United States and China, with auto shares among the top gainers. China's...

European shares slip ahead of ECB decision

European shares slipped on Thursday, after making their biggest daily surge since late May in the previous session, on caution ahead of the European Central Bank interest rate decision and U.S. pendin...