Israel tests new Arrow missile interceptor

Israel carried out a successful test of its upgraded, ballistic Arrow missile interceptor on Monday, the Israeli Defence Ministry said in a statement. The U.S.-backed Arrow missile is designed to shoot down

CYPRUS: It will get worse before getting better

The European Commission confirmed its economic outlook for cash-starved Cyprus, doubling its contraction estimate from its previous autumn forecast from 1.7% to 3.5% for the whole of 2013. "Risks remain important and