Greece and private bondholders will begin thrashing out a deal on Thursday to halve its public debt, a key pillar of a bailout plan to save the country from bankruptcy and ejection
** Second gas round could be before year-end, says Minister ** Cyprus can benefit from the relative decline of other gas producers in the region, but will have to work quickly to
A senior member of German Chancellor Angela Merkel's conservative bloc called on Britain on Tuesday to be less self-centered in its relationship with Europe despite not being a member of the single
British luxury goods group Burberry is to stick with ambitious expansion plans, saying demand in top cities like Hong Kong, London and New York would prove resilient in any downturn. Chief executive
Asian shares fell on Tuesday, as a rise in euro zone bond yields reflected lingering doubts about the ability of politicians in Italy and Greece to push through painful reforms to resolve
Prime Minister-designate Mario Monti meets the leaders of Italy's biggest two parties on Tuesday to discuss the "many sacrifices" needed to reverse a collapse in market confidence that is driving an ever
Greece's conservatives vowed on Monday to reject any new austerity measures in return for the aid that is keeping Athens from bankruptcy, signalling a new coalition government may not enjoy the kind
German Chancellor Angela Merkel said on Monday that Europe could be living through its toughest hour since World War Two as new leaders in Italy and Greece rushed to form governments and
The euro zone has to tread a narrow path sown with landmines in the next few weeks to survive perhaps the most dangerous phase of its sovereign debt crisis, policymakers and bankers
Chairman of Cyprus Tourism Organization (CTO) Alekos Orountiotis described 2012 as a difficult year for arrivals and revenue, hoping that “we will be able to maintain the figures we had in 2011”.
