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Drifting Shell oil rig runs aground off Alaska

An oil drilling rig owned by Royal Dutch Shell Plc ran aground in Alaska after drifting in stormy weather, highlighting the serious risks of working in an offshore region where some in

2nd January 2013
Cyprus

Turkey accuses EU of bigotry, says its reforms are ignored

Turkey accused the European Union of bias and bigoted attitudes towards the EU candidate country on Monday and blamed it for undermining the Turkish public's trust in the bloc. Turkey criticised the

31st December 2012
Cyprus

In Indian student’s gang rape, murder, two worlds collide

One of hundreds of attacks reported in New Delhi each year, the brutal gang rape and murder of a young medical student in a private bus this month caught authorities and political

31st December 2012
Cyprus

China shares end 2012 at 6-month high, post annual gain

Mainland Chinese shares closed at their highest levels in six months on Monday, as strength in insurers and brokerages helped benchmark indexes post their first annual gain in three years. China plans

31st December 2012
Business

Merkel says euro zone crisis far from over

The euro zone sovereign debt crisis is far from over even though reform measures designed to address the roots of the problem are beginning to bear fruit, German Chancellor Angela Merkel has

31st December 2012
Business

Comet ISON could outshine moon… if it survives

A comet blazing toward Earth could outshine the full moon when it passes by at the end of next year – if it survives its close encounter with the sun. The recently

28th December 2012
Cyprus

“AMANAT”: India gang-rape victim dies in Singapore hospital

The Indian gang-rape victim whose assault in New Delhi triggered nationwide protests died in hospital on Saturday of injuries suffered in the attack, a Singapore hospital treating her said. "We are very

28th December 2012
Cyprus

U.S. Senate leaders aim to craft ‘fiscal cliff’ bill by Sunday

U.S. Senate leaders are working to craft legislation by Sunday that averts the year-end "fiscal cliff" of tax hikes and spending cuts, but many details needed to be worked out after a

28th December 2012
Business

U.S. judge approves Toyota’s $1.1 bln acceleration settlement

A U.S. judge granted preliminary approval on Friday to Toyota Motor Corp's $1.1 billion settlement of a class-action lawsuit brought by consumers who lost value on their cars due to sudden, unintended

28th December 2012
Business

Mystery virus affects 194 passengers on Queen Mary 2

An unknown illness, suspected of being a norovirus, has sickened 194 passengers and 11 crew members aboard the luxury ship Queen Mary 2 cruising in the Caribbean, causing vomiting and diarrhea, federal

28th December 2012
Cyprus
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WTI drifts higher to $73 on rising Israel-Iran tension

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The GBPUSD recovered some ground on Wednesday as traders await

WTI bounces up on Mideast tensions, fails to tap $72

The pullback in crude prices witnessed on Monday found support

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