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GLOBAL MARKETS – Euro off its lows as market awaits clarity on Spain

European shares gained and the euro trimmed some of its losses after Chinese data offered evidence for stronger than expected global growth on Monday, but uncertainty over when Spain might request a

15th October 2012
Business

TECH: Cardboard bicycle can change the world, says Israeli inventor

A bicycle made almost entirely of cardboard has the potential to change transportation habits from the world's most congested cities to the poorest reaches of Africa, its Israeli inventor says. Izhar Gafni,

15th October 2012
Business

TURKEY: Authorities force down, search Armenian plane

Turkey ordered an Armenian plane flying to the Syrian city of Aleppo to land on Monday and authorities were searching its cargo, as Ankara steps up efforts to prevent its air space

15th October 2012
Cyprus

CYPRUS: Hard Rock International opens first Hard Rock Cafe in Nicosia

Hard Rock International is proud to announce the opening of its newest Hard Rock Cafe in Nicosia, the capital city of Cyprus. Hard Rock Cafe Nicosia which is located at 21 Spyrou

15th October 2012
Cyprus

ECB: Euro zone inertia puts focus on China data drop

Impatience at the slow pace of euro zone crisis action is bubbling over, with the European Central Bank's pledge to save the single currency yet to be backed up by action. Any

15th October 2012
Business

RUSSIA: First major elections since Putin returned to Kremlin in May

The ruling United Russia party won elections around the country on Sunday, early results showed, but opponents alleged widespread violations in the voting that will preserve President Vladimir Putin's dominance. The first

15th October 2012
Cyprus

SINGAPORE: New rules, tough talk as country seeks to end tax haven image

Billionaire Australians buying exclusive condominiums. Germans moving money from Swiss accounts. Secretive banking laws. Asia's premier wealth management centre. Low tax rates. As Singapore revels in its reputation as an open economy

15th October 2012
Business

SUPERSONIC: Baumgartner leaps from stratosphere over New Mexico

An Austrian daredevil leapt into the stratosphere from a balloon near the edge of space 38 km above Earth on Sunday and safely landed, setting a record for the highest skydive and

15th October 2012
Cyprus

ANALYSIS – Aid recipients to IMF: What took you so long?

Graduates of IMF emergency loan programmes accepted the Fund's admission that it miscalculated the cost of austerity with a mix of schadenfreude and frustration that the change came too late to spare

15th October 2012
Business

EUROZONE: German finance minister says Greece will not default

German Finance Minister Wolfgang Schaeuble said on Sunday that Greece would not default, but warned that if Athens did exit the eurozone it would be damaging not only for the zone as

15th October 2012
Business
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