Strikes at Frankfurt airport will continue until Friday, the GdF union said, resulting in more flight cancellations and delays at Germany's largest airport. Just under 200 apron control workers, such as those who guide aircraft to parking places, are striking over a pay dispute with Fraport, which runs the airport. German flagship airline Lufthansa has
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Greece said on Tuesday it would pass legislation that would allow it to enforce losses on bondholders who will not take part in a voluntary bond swap plan, also known as PSI, that forms part of its bailout plan. "The Greek government will shortly submit to the Greek parliament a draft bill which, if passed,
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Euro zone finance ministers approved a second financing package for Greece early on Tuesday, which aims at reducing Greek debt to 120.5 percent of gross domestic product by 2020 from 160 percent now. Approval of the new, 130-billion-euro ($170 bln) financing package, which will come on top of a 110-billion-euro bailout granted in May 2010,
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The message that Greece and Cyprus support each other and with the contribution of overseas Greeks, they will be able to face the dangers in both countries, Greece and Cyprus, Speaker of the House Yiannakis Omirou and Greek New Democracy leader Antonis Samaras. Speaking during a meeting this afternoon, the New Democracy leader repeated the
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Cyprus Workers’ Confederation (SEK) signed on Monday an agreement with Bulgarian trade unions CITUB and PODKREPA, with an aim to assist Bulgarians working in Cyprus. SEK Secretary-General Nikos Moiseos said that that the agreement comes at a time of economic development in Europe, owing to the coexistence and labor of millions of immigrants of various
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Revellers in Brazil's two biggest carnival capitals kicked off the annual celebrations restoring a festive atmosphere to cities where police strikes in recent weeks raised fears that crime and violence would spoil the party. In Salvador, the northeastern city where police protests unleashed a wave of bloodshed and chaos early this month, celebrants raced to buy tickets
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The euro jumped and U.S. Treasuries dipped on Tuesday after euro zone policymakers agreed to a second bailout package for Greece in talks that went deep into the night in Brussels, but concerns that the deal is only a short-term fix kept stocks subdued. The single currency initially jumped more than half a cent after
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Euro zone finance ministers sealed a 130-billion-euro ($172 billion) bailout for Greece on Tuesday to avert a chaotic default in March after persuading private bondholders to take greater losses and Athens to commit to deep cuts. After 13 hours of talks, ministers finalised measures to cut Greece's debt to 120.5% of gross domestic product by
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The gap between shop rents in Britain's swankiest and humblest locations is wider than ever, as wealthy international shoppers turn a national north-south divide into a chasm between the choicest parts of central London and everywhere else. While rents on London's priciest shopping area Bond Street have soared on the back of demand for luxury
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Japan is close to agreement with Washington on the size of cuts refiners must make in imports of Iranian crude oil to win waivers from U.S. sanctions, two ministers said on Tuesday after a media report the two sides would settle on an 11% cut. The Yomiuri newspaper, citing unidentified sources, said Japan and the
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