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FOOTBALL PREVIEW: After Messi, a reason for Barca to forget 1972

The year 1972 has been in the headlines for Barcelona after Lionel Messi overhauled Gerd Mueller's 40-year-old scoring record but it holds a different significance for Wednesday's King's Cup opponents Cordoba. Barca's

10th December 2012
Cyprus

Fiat to invest $1.6 bln in new Maserati models

Italian carmaker Fiat is investing 1.2 billion euros ($1.6 billion) in luxury brand Maserati, hoping technology and dealerships from its tie-up with Chrysler will help it to take on German rivals BMW

10th December 2012
Business

Opel sees no alternative to closing Bochum

Opel said efforts to try to rescue its Bochum car plant in Germany had been to no avail and it still intended to stop vehicle production there in 2016. "The main reasons

10th December 2012
Business

WALL ST: McDonald’s lifts markets; Italian assets fall

U.S. stocks rose on Monday, helped by gains in McDonald's and technology stocks, but Italian shares and bond prices sank after Prime Minister Mario Monti's decision to resign stoked concern about who

10th December 2012
Business

FTSE rises to near 9 month high, despite Italy fears

Britain's benchmark share index rose to its highest closing level in nearly 9 months on Monday, with many traders betting that worries over Italy would fail to halt a traditional year-end equities

10th December 2012
Business

Russian PM talks Father Christmas, aliens and “jerks”

Father Christmas, aliens, President Vladimir Putin's lateness and "jerks" – Russia's prime minister gave the nation his views on more than he intended on Friday. Dmitry Medvedev let his guard down after

10th December 2012
Cyprus

EGYPT: President suspends proposed tax increases

President Mohamed Mursi suspended planned tax increases on Monday, hours after they were formally announced, in a policy swivel that might complicate Egypt's efforts to secure a $4.8 billion loan from the

10th December 2012
Business

Turkey wants ‘stolen’ artifacts back from British Museum

Ankara has turned to the European Court of Human Rights in its attempt to reclaim British Museum sculptures that were once part of Turkey's Mausoleum of Halicarnassus, one of the Seven Wonders

10th December 2012
Cyprus

Space militarization: Coming to a galaxy near you

The United States is moving toward the militarization of space and this will change the face of war in the near future, an academician with the Russian Academy of Engineering Sciences has

10th December 2012
Business

Australia’s Gillard in spoof: Mayans were right, world is ending

According to Australian Prime Minister Julia Gillard, the Mayans were right and the apocalypse is near. In a spoof 50-second video appearance promoting a local radio station's breakfast show, Gillard provided hair-raising

10th December 2012
Cyprus
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WTI bounces up on Mideast tensions, fails to tap $72

The pullback in crude prices witnessed on Monday found support

US-China deal offers relief, not resolution

Markets are set to rally on the announcement of a

WTI climbs to $67 on rising MidEast tensions

West Texas Intermediate (WTI) is trading around $67.00 during the

Silver retreats from multi-week peak, slides below $36

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