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GLOBAL ECONOMY-Even without U.S. ‘cliff,’ world economy teeters

The global economy is on edge – and that's without the U.S. "fiscal cliff." Among rich nations, the U.S. outlook remains the least troublesome. But given a recession in the euro zone

3rd December 2012
Business

Russia says will fill higher Turkey winter gas demand

Russia is willing to increase gas supplies to Turkey this winter if Ankara requests, Russian Energy Minister Alexander Novak said on Sunday, ahead of an expected surge in gas demand from the

3rd December 2012
Business

In US ‘fiscal cliff’ maneuvers it’s all about the holiday – ANALYSIS

Watching the events of the past few weeks, you could have gotten the idea that the United States is not only going to slip from the "fiscal cliff" but jump lemming-like off

3rd December 2012
Business

WEC: Energy systems are still far from being sustainable

The World Energy Council’s (WEC) annual Energy Sustainability Index reveals that most of the over 90 countries assessed are still far from achieving fully sustainable energy systems. Released at COP-18 in Doha,

3rd December 2012
Business

German lawmakers approve Greek bailout despite qualms

German lawmakers approved the latest bailout for Greece on Friday by a large majority despite growing unease about the cost to taxpayers less than a year before federal elections. The outcome of

30th November 2012
Business

Strauss-Kahn in preliminary civil case deal with maid

-DSK has reached settlement deal with hotel maid – sources  -France's Le Monde says DSK to pay $6 mln settlement  -Agreement to be signed next week, sources say (Adds Le Monde report

30th November 2012
Business

ANONYMOUS will shut down Syrian government websites

Global hacking network Anonymous said it will shut down Syrian government websites around the world in response to a countrywide Internet blackout believe aimed at silencing the opposition to President Bashar al-Assad.

30th November 2012
Business

Hellenic Bank first to show profit in Cyprus, albeit a small one

Hellenic Bank, the island’s third biggest lender controlled by the Church of Cyprus, is the first of the local banks to show a profit for the first nine months of the year,

30th November 2012
Cyprus

CYPRUS: Second highest unemployment rise in a year, at 12.9%

Cyprus recorded in October the second highest increase of unemployment in a year, reaching 12.9%. According to Eurostat, compared with a year ago the highest increases were registered in Greece (18.4% to

30th November 2012
Cyprus

CYPRUS: Moody’s says outlook for banking system remains negative

The outlook for Cyprus`s banking system remains negative, says Moody`s Investors Service in a new Banking System Outlook published Thursday evening entitled "Banking System Outlook: Cyprus." At the same time Moody`s expects

30th November 2012
Cyprus
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