Britain's top share index made little headway on Monday as a warning by ratings agency S&P about potential trouble in the euro zone weighed on banks in particular and took the steam out of the index's recent sharp rally. London's blue chip index nosed up 6.08 points, or 0.1%, to 5,995.84. The index posted its
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World stocks hit a 4-1/2 week high on Monday and oil rose as investors grew confident over the prospects for the global economy after Greece avoided an early default on its sovereign debt and on signs China's economy is unlikely to make a hard landing. Shanghai stocks hit a six-week high after data last week
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China's Foreign Ministry said on Monday that it had complained to Japan about Japanese fishing boats operating in waters around a disputed and uninhabited group of islands in the East China Sea. "China has lodged solemn representations with the Japanese side, and demands Japan immediately withdraws fishing boats from the relevant seas," ministry spokesman Hong
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The European Commission said on Monday it will give 10 mln euros ($14.54 mln) of food aid to North Korea to help tackle famine in the reclusive state which has left over half a million people at risk of dying. "The purpose of this aid package is to save the lives of at least 650,000
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* Budget talks, election may stir trouble * Polish Prime Minister Donald Tusk promised "energetic engagement" as he took over the rotating presidency of the European Union on Friday and said the 27-country bloc was facing one of its most difficult moments. Poland, Europe's sixth most populous country and a powerhouse of the central and
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Swedish car shipper Wallenius Lines said on Friday it had deployed guards with rifles on its vessels to ward off Somali pirates, the first Swedish-flagged shipper to state publicly it had armed personnel on board. Somali pirates are making millions of dollars in ransoms from seizing ships in the Indian Ocean and Gulf of Aden,
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* Rejects independent review of Fresh & Easy Tesco , the world's No. 3 retailer, has won over shareholders with a simpler and long-term focused executive pay scheme following years of disputes over how it rewards management. Some 97.2% of voting shareholders backed the new pay plan at the British supermarket group's annual general meeting
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* Credibility of accuser called into question * Dramatic turnaround could alter French politics * The sexual assault case against former IMF chief Dominique Strauss-Kahn was close to collapse on Friday, sources close to the case said, in a dramatic turnabout that could upend French politics again. Strauss-Kahn, 62, was a steward of the world
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The government of Cyprus plans to cut the number of staff in its broad public sector by 5,000 over the next five years, spokesman Stefanos Stefanou said on Friday, a day after the teachers rejected a proposal for voluntary contributions to help reduce the island’s huge public deficit. However, the core government workers will not
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A business forum will be held in Kiev on Monday, July 4, during an official visit to the Ukraine by President Demetris Christofias. The forum is being organised by the Cyprus Chamber of Commerce and Industry (KEVE) and the Ministry of Commerce, Industry and Tourism, in cooperation with the Cyprus-Ukraine Business Association and the Ukrainian
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