Former Cyprus Finance Minister Michalis Sarris was released from custody in the Turkish-occupied north of the island late on Thursday, where he was held for a week in a mysterious case of
The Greek parliament approved a painful set of austerity measures on Thursday, defying violent protests in central Athens and a general strike which shut down much of the country. The struggling government
The euro on Friday clung to gains eked out in volatile overnight trade but looked increasingly vulnerable as European leaders remained deeply divided ahead of a weekend summit on the region's debt
Commerzbank Chief Executive Martin Blessing called for Greece to declare insolvency and restructure its debt, according to German daily Bild. "It is not enough to just take writedowns on bank balance sheets,"
Greek lawmakers gave on Thursday final approval for an austerity law cutting wages and hiking taxes, crucial for the country to receive a next batch of bailout funds and avoid bankruptcy. All
Asian shares inched up while the euro clung to overnight gains on Friday, but markets largely stayed within range, as investors awaited a weekend meeting of European leaders for signs of progress
Deep divisions between France and Germany mean they will make scant progress on strengthening the euro zone bailout fund at a summit on Sunday, in a sign that Europe's leaders are still
EU member states have agreed that around 100 billion euros is needed to recapitalise the European banking system, but splits remain before a high-profile summit on Sunday over how to strengthen the
Samsung Electronics said that it would launch a new smartphone running Google's latest version of the Android operating system globally starting in Europe in November, as it is locked in a battle
Extensive construction work has begun at Vasilikos power plant, on the southern coast, which was severely damaged as a result of an explosion in a nearby naval base, in early July. In
