Turkey has sent extra aid workers trained to identify and decontaminate chemical weapons victims to its border with Syria after an apparent poison gas attack in Damascus a week ago which may lead to Western military action. "We have increased our measures significantly since last week, to be prepared particularly in case of a chemical
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The Indian rupee slumped to a record low near 69 to the dollar on Wednesday on growing worries that foreign investors will continue to sell out of a country facing stiff economic challenges and volatile global markets. The pummelling in markets sent the rupee reeling 3.7 percent to an all-time low of 68.85 with the
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The former First Lady of Cyprus is one of the latest victims of her husband’s failed economic policy. Elsi Christofia has applied to the state for redundancy pay, joining some 12,000 unemployed people waiting for the cash they were due, according to reports in the daily Cyprus Mail and Politis newspapers. Mrs Christofias, who as
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The U.N. Security Council should wait for inspectors to present their report on an alleged chemical weapons attack in Syria before considering a response, Interfax news agency quoted a senior Russian diplomat as saying on Wednesday. The remark by Deputy Foreign Minister Vladimir Titov signalled Russian opposition to a plan by Britain to put a
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. Ever since the Arab Spring, where mass public revolts have been replacing dictators with extremists in northern Africa and the Middle East, the European Union has remained a silent bystander, occasionally stepping in with a mild-worded statement calling for an end to conflicts. Eurocrats in Brussels and the politicians who pull the strings have
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. Corporate Governance: An absence of principles is no laughing matter By Petros Florides Comedian Groucho Marx famously joked “Those are my principles, and if you don't like them… well, I have others.” A principle could be understood as a fundamental truth or proposition that serves as the foundation for a system of belief, or
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The Cyprus Stock Exchange (CSE) is going ahead with plans to introduce a market for derivatives by the end of the year or early-2014, that will boost its revenue-earning capabilities and diversify the tools and services offered to investors based in Cyprus or elsewhere. Already, the CSE has implemented the tools of the Market Maker,
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Ryanair says to appeal decision Britain's competition watchdog on Wednesday ordered Ryanair to cut its stake in smaller Irish rival Aer Lingus to 5 percent from 30 percent, saying the current arrangement had the potential to substantially reduce competition. Ryanair said would appeal against what it described as a "bizarre and manifestly wrong" decision in
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Indian rupee, Turkish lira hit record lows Jitters over a possible U.S.-led military strike against the Syrian government knocked Asian equities to a seven-week low on Wednesday and pushed oil prices and safe-haven gold to multi-month highs. An acute 'risk-off' mode also boosted the appeal of the Japanese yen, which held near a one-week high
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Lawrence Summers may be a poster-child for the lucrative revolving door between Wall Street and Washington. But Federal Reserve Vice Chair Janet Yellen, his chief opponent in the tight race to replace Ben Bernanke at the helm of the U.S. central bank, is not exactly struggling financially. Yellen, a former university professor who until recently
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