Italian centre-right leader Silvio Berlusconi said on Thursday his People of Freedom party would continue to back Enrico Letta's broad coalition government despite growing party calls to withdraw its support. Berlusconi's apparently dovish stance gives some respite to Letta, who is grappling with a chronically bickering coalition, economic recession and signs of growing market nervousness.
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Powerful earthquakes thousands of miles (km) away can trigger swarms of minor quakes near wastewater-injection wells like those used in oil and gas recovery, scientists reported on Thursday, sometimes followed months later by quakes big enough to destroy buildings. The discovery, published in the journal Science by one of the world's leading seismology labs, threatens
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Insurer Swiss Re said on Friday it was in preliminary talks about merging its Admin Re business unit with Britain's Phoenix Group Holdings, confirming a media report. "There is no certainty that these discussions will lead to any transaction. Further statements will be made if and when appropriate," the Swiss group said in a statement.
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The first exploratory drilling by the ENI – KOGAS consortium will take place within 2014, in block 9, Minister of Energy, Commerce, Industry and Tourism Yiorgos Lakkotrypis and ENI CEO Paolo Scaroni have said. An ENI delegation had a series of meetings here today, including a meeting with the President of the Republic Nicos Anastasiades.
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IMF Managing Director Christine Lagarde has reassured President of the Republic Nicos Anastasiades of IMF support for his government’s efforts to implement a multi billion aid programme Nicosia has agreed with its international lenders. Her assurances are in response to a letter sent by President Anastasiades last month to the heads of the IMF, ECB
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Wearing an orange prison jumpsuit, with his arm in a cast, accused Boston Marathon bomber Dzhokhar Tsarnaev pleaded "not guilty" to committing the worst mass-casualty attack on U.S. soil since 9/11, a crime that could bring him the death penalty. Appearing in court for the first time, the 19-year-old ethnic Chechen – a naturalized U.S.
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Despo Sergiou and Maria Christoforidou are the two big winners of PrimeTel’s PrimeTime magazine prize draw. The magazine, in collaboration with the Serenity Spa Hotel at St. Raphael Resort, has given away two Rasul treatments worth €100 to two of the magazine’s lucky readers. The winners can enjoy a soothing, relaxing time at the newly
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Think Spanish sport and images that spring to mind include the nation's all-conquering soccer team, Rafa Nadal hoisting aloft the French Open trophy or Fernando Alonso burning up a Formula One track in his Ferrari. While these are some of the highest-profile and wealthiest athletes on the planet, and a source of immense national pride,
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An Asiana Airlines flight scheduled to leave Shanghai for Seoul on Thursday afternoon was delayed after the Airbus A330 aircraft was found to be leaking oil as it was taxiing toward the runway for take-off, local media reported. A customer service agent at Pudong International airport, the city's main international gateway, said the flight which
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Turkey's central bank faced calls on Thursday to raise interest rates to steady the embattled lira despite political pressure from Prime Minister Tayyip Erdogan to keep rates low – a dilemma which could put the bank's credibility at stake. The lira has tumbled some 9 percent against the dollar since the beginning of May, $3.55
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