The first Cyprus Presidency of the Council of the European Union comes at very challenging times, President of the European Council Herman Van Rompuy has told the Cyprus News Agency. In statements
Clearly one of the priorities of the programme to be agreed between the Troika and Cyprus will involve measures to restore the health of the banking sector, Director of IMF External Relations
Moody's surprised markets on Friday by downgrading Italy's government bond rating by two notches to Baa2 and warned it could cut it further, piling on pressure just hours before the euro zone
Egypt's new Islamist president and his old military foes have come out swinging in a struggle for political power, but their countrymen need them to find a way to work together to
What looks to be the worst U.S. drought in a quarter of a century has given rise to an old-fashioned commodity rally on world markets, with key grain prices hitting highs which
The discovery of suspicious wires in plastic straws aboard a Madrid-bound Delta Air Lines jetliner on Thursday night forced the plane to return to New York, but authorities said they searched the
The woes confronting Europe's auto industry surfaced dramatically Thursday when France's PSA Peugeot Citroen announced 8,000 job cuts and a plant closure and Germany's Opel got its fourth CEO in less than
David Beckham has suggested he is not the right man to light the Olympic flame to officially open the London Games, saying on Thursday the honour should go to an Olympian who
Spanish Economy Minister Luis de Guindos told a German newspaper in an interview to be published on Friday that his country would take full liability for the European loans to its banking
Bulgaria's fiscal deficit should drop below 1% of GDP this year, beating the official 1.3% target and enabling the country to avoid tapping global debt markets, Finance Minister Simeon Djankov said on
