Greece and its international lenders resume talks on Monday to unlock 8.1 billion euros ($10.5 billion) of rescue loans after a two-week break during which the government almost collapsed over redundancies at state broadcaster ERT. Prime Minister Antonis Samaras has said he expects the talks to conclude successfully, despite setbacks to the country's privatisation programme
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To fireworks, cannon-fire and Beethoven's Ode to Joy, Croatia joined the European Union at midnight on Sunday, two decades since fighting itself free of Yugoslavia. Thousands packed Zagreb's Ban Jelacic square to celebrate the accession of the bloc's 28th member, setting aside for a moment the troubles of a country in its fifth year of
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Asian equities edged lower on Monday, hurt by worries that the U.S. Federal Reserve could start scaling back its massive monetary stimulus in September, and signs of an economic slowdown in China. European stocks were seen likely to fall on Monday. Financial spreadbetters expect Germany's DAX to open down 0.44%, and France's CAC 40 to
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Growth in China's vast factory sector slowed to multi-month lows in June on faltering new orders, a pair of surveys showed on Monday, boding ill for the world's second-largest economy still smarting from fears of a credit crunch. Economists said the two purchasing managers' indices (PMI) reinforced their concerns that China's economic cooldown could deepen
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Brazil coach Luiz Felipe Scolari said Sunday's 3-0 Confederations Cup final victory over World and European champions Spain showed his team were taking huge strides along the road towards winning the World Cup at home next year. While Spain coach Vicente Del Bosque accepted his side were beaten by a better team on the night,
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Nineteen firefighters from an elite team in Arizona were killed on Sunday while battling a fast-moving wildfire that destroyed scores of homes and forced the evacuation of two small towns northwest of Phoenix, the state capital, authorities said. The tragedy ranked as the greatest loss of life among firefighters from a single wildland blaze in
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Egypt was locked in a tense standoff on Monday after millions of protesters swarmed into the streets to demand the resignation of Islamist President Mohamed Mursi and militants set the ruling Muslim Brotherhood's headquarters on fire. Young revolutionaries united with liberal and leftist opposition parties in a massive show of defiance on the first anniversary
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The Italian-Korean joint venture ENI/Kogas, operator of the natural gas exploration license for three blocks within the Cyprus offshore gasfields, have shown interest to invest in a supply train at the Vasiliko liquefaction plant. This follows a similar decision by French Total, license operator of Blocks 10 and 11, to invest some 3 bln dollars
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* Gov’t task force needed now to create jobs; Vasiliko LNG plant to keep hiring until 2027 * With the appraisal well underway in Block 12 to confirm natural gas deposits and the exploration partners keen to develop a land-based liquefaction plant for exports, the Cyprus labour market will be gradually shifting to more construction
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Chancellor Angela Merkel forcefully condemned on Friday the conduct of Irish bankers who were caught on tape joking about a bailout deal and mocking Germany, saying their actions were an insult to working people and damaged democracy. Transcripts of telephone conversations from 2008 between bankers at Anglo Irish Bank have caused outrage in Ireland and
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