The Arab Spring has seen levels of corruption rise dramatically, even though anger with corrupt officials was a major reason for the uprisings, according to a survey released on Tuesday. The poll by Transparency International, a global non-governmental body which studies bribery around the world, appears to dash hopes that the Arab Spring would produce
More
Eurogroup President Jeroen Dijsselbloem said that the body will seek a political decision on the disbursement of the second tranche of the Memorandum of Cyprus on 13 September in Vilnius, Lithuania. Dijsselbloem said the Eurogroup welcomed the voluntary debt swap application of Cypriot government bond total nominal value of EUR 1 billion and maturing in
More
British retailer Marks & Spencer on Tuesday posted an eighth consecutive quarterly fall in underlying sales of general merchandise, though the outcome did represent a slowing in the rate of decline. The performance will ratchet up the pressure on management to deliver a swift turnaround when new season ranges start hitting the shops later this
More
Turkey reopened an Istanbul park at the heart of last month's demonstrations against Prime Minister Tayyip Erdogan and protest leaders called a rally there for Monday evening in defiance of the city governor. Istanbul Governor Huseyin Avni Mutlu announced the reopening three weeks after riot police expelled protesters from Gezi Park following a fortnight of
More
If the natural gas of Asian countries is important for Europe, then the natural gas deposits of a member of the EU, which are closer, are twice as important, President of the Committee on Foreign and European Affairs of Cyprus` House of Representatives Averof Neophytou has said. Speaking in the context of the meeting of
More
Thousands of Greek municipal workers and state school teachers took to the streets of Athens on Monday to protest against the public sector layoffs that the government has promised its international lenders in exchange for bailout funds. Euro zone finance ministers were due to decide on Monday how to keep Greece afloat and had threatened
More
The dollar climbed to a three-year high on Monday and gold was hovering near a three-year low after last week's strong U.S. jobs data fed expectations that the country's central bank could soon wind back stimulus. The dollar index, which measures the greenback against a basket of major currencies, rose to 84.588, its highest since
More
The euro zone must decide on Monday how to keep Greece on a lifeline but is divided over whether to delay aid payments to Athens to force through unpopular reforms ranging from sacking public workers to selling state assets. A split in Greece's governing coalition over how to shrink the country's public sector has cast
More
Egypt's crumbling public finances may be in even worse shape than previously estimated. While stock and bond markets have cheered the ouster of unpopular President Mohamed Mursi by the army and Egypt's debt insurance costs have tumbled, data shows that financial risks are about to escalate. The central bank's net hard currency reserves, which a
More
Advances in design thanks to technology from Belgian company Materialise supported by EU funding Dutch designer Iris van Herpen yesterday [Monday, July 1] unveiled a new piece at the Paris Fashion Week for Haute Couture created using 3D printing technology from Belgian company Materialise. The design was made using a cutting-edge application of the technology,
More