Greece's largest police union has threatened to issue arrest warrants for officials from the country's European Union and International Monetary Fund lenders for demanding deeply unpopular austerity measures. In a letter obtained by Reuters on Friday, the Federation of Greek Police accused the officials of "…blackmail, covertly abolishing or eroding democracy and national sovereignty" and
More
The Cyprus Tourist Organisation (CTO) said on Friday it expected tourist arrivals from Russia to be over 400,000, announcing at the same time the launching of flights from sever more airports of the Russian Federation. In 2012 flights will be conducted to Cyprus from 16 towns of the Russian Federation, namely Moscow, St. Petersburg, Yekaterinburg,
More
The gross investment volume between Cyprus and Russia reached one hundred billion dollars over the last 20 years, while the value of economic and financial ties between the two countries reached 1.3 billion dollars in 2011, Ambassador of the Russian Federation to Cyprus Vyacheslav Shumskiy has said. In his address at the Russia-Cyprus Business and
More
The economic future of Cyprus – from tax and tourism to energy and immigration – is the subject a day-long conference on Friday at the London School of Economics and Political Science. Politicians, academics and business leaders will consider how to sustain the country through the current European financial crisis and build a prosperous future.
More
Eastman Kodak Co, the inventor of the digital camera, plans to get out of that business in the first half of the year as the bankrupt company looks to cut costs. The decision to stop selling digital cameras along with pocket video cameras and digital picture frames marks the end of an era for the
More
Greek workers went on strike against austerity measures on Friday, docking ships and halting public transport, hours after euro zone finance ministers said Athens needed to make more cuts to convince them to release a financial bailout. The euro and shares fell on Friday, reflecting concern over a possible failure in the debt restructuring after
More
President of the Republic of Cyprus Demetris Christofias has assured that ''we will continue to encourage and support the activities of international companies in Cyprus, while at the same time promoting new measures to ensure that the attractiveness of the investment environment is constantly upgraded.'' Addressing the Russian-Cyprus Business and Investment Forum in Limassol, President
More
The biggest professional football players in America may be more likely than their fellow players to die of heart disease, even though they appear to generally enjoy a longer-than-average lifespan, according to a U.S. study. The report in the American Journal of Cardiology followed more than 3,400 National Football League (NFL) players who were active
More
A Tennessee couple who "defriended" a woman on Facebook were murdered in their home by the jilted woman's father and another man, police said on Thursday. "It's the worst thing I've ever seen," said Johnson County Sheriff Mike Reece, who has worked in local law enforcement for 27 years. "We've had murders, but nothing like
More
The euro and shares pulled back on Friday as investors remained concerned about Greece's commitment to debt restructuring, even after it struck a long-awaited deal on fiscal reforms to secure crucial funding. Greek political leaders clinched a deal on austerity measures and reforms needed for a second international bailout in two years, and a debt
More