Fire rages in Istanbul tower block

A large fire broke out in a 42-storey tower block in central Istanbul on Tuesday, sending thick smoke billowing into the air, though there were no immediate reports on casualties. Live images

Greece’s Piraeus interested in ATEbank deal

Greece's fourth-largest lender Piraeus Bank said it was interested in cash-strapped rival ATEbank, as the country's battered banking sector moves to consolidate to weather a debilitating debt crisis. Piraeus is the first

Cyprus inflation drops to 2.9% in June

Cyprus’ annual inflation recorded a significant decrease in June 2012, while Euro area annual inflation remained unchanged and EU inflation increased slightly, according to Eurostat data. The lowest inflation rate in the