Tesco, Britain's biggest retailer, denied an accusation by the opposition Labour party that it turns away British workers to exploit cheaper migrant labour. In remarks that could drag British retailers into a politically-charged immigration debate ahead of a 2015 election, senior Labour lawmaker Chris Bryant was due to say in a speech on Monday that
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A 98-year-old Hungarian man has died awaiting trial on charges of torturing Jews and helping send them to Auschwitz in World War Two, his lawyer said on Monday. Laszlo Csatary, who always denied the accusations, died of pneumonia in a Budapest hospital on Saturday, lawyer Gabor Horvath told Reuters. The Nazi-hunting Simon Wiesenthal Center named
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Britain's benchmark equity index edged higher for the third session running on Monday, with mining stocks lifted by reassuring data from China, the world's top metals consumer. The blue-chip FTSE 100 index rose by 0.2% to 6,596.72 points in early session trade. Miners Fresnillo and Antofagasta headed the FTSE's leaderboard, boosted by data after Friday's
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Most Asian shares rose on Monday and Chinese stocks surged to a one-month high as investors took heart from last week's upbeat data from the world's second-biggest economy, but Japan's Nikkei fell to a six-week low after softer second-quarter GDP. European shares were expected to open firmer, with Britain's FTSE 100 seen up as much
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German opposition parties accused Chancellor Angela Merkel on Sunday of lying before elections next month about the risks of a new bailout for Greece, after a magazine reported the Bundesbank expects it will need more European aid in early 2014. Der Spiegel quoted an internal document prepared by the German central bank as saying that
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The European Commission has extended the deadline for a decision on Aegean Airlines’ revised bid to take over struggling Olympic and become the largest carrier in Greece. Aegean has reportedly offered new concessions to gain EU antitrust approval for its second attempt to take over rival Olympic Air from Andreas Vgenopoulos’ Marfin Investment Group (MIG),
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Britain's InterContinental Hotels Group will give online travel agents Expedia.com and Priceline.Com Inc's Booking.com more leeway to cut room rates in a bid to assuage watchdog charges it was limiting competition. The Office of Fair Trade last month accused IHG, whose portfolio includes Holiday Inn and Crowne Plaza, of concluding agreements that effectively set a
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Government efforts focus on a continuously growing and prosperous Cyprus shipping and a maritime industry unparalleled by others, Communications and Works Minister Tasos Mitsopoulos said on Thursday, noting that the government upholds shipping as one of its “best kept secrets”, a secret that supports the local economy quietly, efficiently, effectively and sustainably. In his address
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The Cyprus issue was among issues discussed on Thursday between US President Barack Obama and Greek Prime Minister Antonis Samaras, during an hour-long meeting at the White House. Speaking after the meeting Obama said Greece is situated in a region with challenges and difficulties, and can play a significant stabilising role and give solutions to
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The Bank of Cyprus Group, the island’s biggest lender that exited solvency after being forced to merge with the failed Laiki Popular Bank earlier this year, will hold the first annual general meeting of its new shareholders on Tuesday, September 10, having recapitalised the bank by 8 bln euros using money from unsecured depositors. The
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