Asian shares and commodities fell on Thursday on growing worries that Europe's intractable debt problems will plunge the world into a second global financial crisis. Copper fell 3%, gold slipped towards $1,600 an ounce to stand more than $300 below its record high earlier this month, and commodities-related stocks such as global miner Rio Tinto
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Women who drink four cups of coffee a day are 20 percent less likely to become depressed than women who rarely drink coffee, U.S. researchers said on Monday. Caffeine is the most frequently used central nervous system stimulant in the world, and coffee consumption accounts for about 80 percent of caffeine use. Drinking coffee offers
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Apple Inc looks set next week to unveil its much-awaited new iPhone, which analysts say will have a bigger screen and work better with remote computing services. Apple on Tuesday invited media to a "special event" called "Let's talk iPhone" on October 4 at its Cupertino, California headquarters, an unusual location for a company that
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Greece's lenders are sending a team to Athens to inspect a government austerity plan they want implemented in exchange for aid, while Germany suggested a new bailout may have to be renegotiated. Facing a wave of strikes and protests, Greece's Socialist government is accelerating its debt strategy to meet the terms of an International Monetary
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‘Big Four’ audit firms to face massive shake up Top 10 companies under EU scrutiny Changes to define audit and non-audit The ten biggest companies in Cyprus will no longer stick to the same auditors for more than nine years, while firms will also have to separate their audit from non-audit services, such
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Twenty-one tourist destinations from across Europe were awarded today the title of ‘2011 European Destination of Excellence (EDEN) in Tourism and Regeneration of Physical Sites’, among them Kalopanagiotis, a Cypriot hill village in the Troodos mountains. According to a European Commission press release, Kalopanagiotis, located by thermal springs visited in late Antiquity by King Solomon
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. By Shavasb Bohdjalian Gold prices have fallen nearly 20 percent over the past two weeks and according to some analysts prices could fall further amid the global uncertainties and forcing many investors to question whether gold is still a safe haven. The decline is blamed on widespread anxiety about prospects for a global recession
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Brent crude fell below $107 on Wednesday, after sharp gains a day earlier, weighed down by a stronger dollar as investors sought refuge in the greenback amid lingering concerns over a debt crisis in the euro zone. Brent futures lost 98 cents to $106.16 a barrel in Singapore trading by 0456 GMT, after falling more
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Participation in a debt swap plan aimed at cutting Greek debt has reached a 90% target and could even exceed it, the financial daily Naftemporiki said on Wednesday, citing an unidentified finance ministry official. Athens has been struggling for weeks to gather enough interest in the bond swap plan, which is a key part of
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* Parliament OKs controversial property tax * Greece faced a new test in its attempt to avoid bankruptcy on Wednesday as international auditors headed for Athens, while Germany suggested a new bailout may be renegotiated as argument rages over whether private creditors should take bigger losses. The "troika" audit team from the European Union, European
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