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Libya will bring diplomats’ killers to justice-parliament head

Libyan authorities will bring the killers of the U.S. ambassador and three other personnel to justice, the head of the national assembly, Mohammed Magarief, said on Wednesday "We confirm that no one

12th September 2012
Cyprus

Official presentation of banking union proposals at informal ECOFIN in Nicosia

The official presentation of the Commission’s proposals for a Single Supervisory Mechanism (SSM) for European credit institutions will take place during the Informal ECOFIN Council, which will convene in Nicosia. According to

12th September 2012
Cyprus

EU Commission announces proposals for a Single Supervisory Mechanism

The European Commission announced today a set of proposals for a Single Supervisory Mechanism (SSM), conferring to the European Central Bank, (ECB) the responsibility over tasks such as authorizing credit institutions, compliance

12th September 2012
Business

U.S. ambassador to Libya killed in Benghazi attack

The U.S. ambassador to Libya and three other embassy staff were killed in a rocket attack on their car, a Libyan official said, as they were rushed from a consular building stormed

12th September 2012
Cyprus

Europe unveils banking union plan to tackle crisis

Europe moved a step closer to a banking union on Wednesday with a plan for the European Central Bank to police banks, a cornerstone of the closer fiscal integration designed to end

12th September 2012
Business

Euro bailout fund approval boosts global stocks, euro

European shares and the euro rose on Wednesday while Italian and Spanish bonds were little changed after Germany's top court gave its backing to the euro zone's new 700 billion euro European

12th September 2012
Business

Cyprus prepares for new round of negotiations with Troika

Government is preparing intensively for the negotiation with Troika (representatives of EU Commission, European Central Bank and IMF), and is processing its own proposals for addressing the challenges raised before the Cypriot

12th September 2012
Cyprus

Cyprus Presidency ready to work on realistic, balanced EU budget for 2013

The Council is ready to work with both the European Parliament and the Commission during the next few weeks and months in order to secure agreement on a realistic and balanced EU

12th September 2012
Cyprus

Apple’s iPhone needs to dazzle as market gets crowded

The new iPhone 5 has to be more than just another smartphone as it carries the weight of Apple Inc's future on its slim frame. Five years after the first iPhone upended

12th September 2012
Business

Zuckerberg says Facebook would not build its own smartphone

Facebook Inc CEO Mark Zuckerberg soothed investors in his first major public appearance since the No. 1 social network's rocky May IPO, breathing life into its struggling shares after hinting at new

12th September 2012
Business
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