Swathes of suburban Prague were under water on Tuesday after floods which have killed 11 people swept across central Europe, and the deluge moved towards Germany where more than 10,000 people have been forced from their homes. Areas to the south and north of the Czech capital were submerged, including the city's zoo and horse

France must step up reforms to liberalise its economy and lower labour costs to get back to growth and improve its competitiveness, the International Monetary Fund said on Tuesday. The IMF said the euro zone's second-largest economy would start turning around in the second half of the year. On Monday, it halved its 2013 forecast

STARTup LiVE Cyprus was officially announced in a press conference held jointly by the CEO of MTN, Mr Philip van Dalsen, the Rector of the University of Cyprus Constantinos Christofides and the team of organizers. STARTup LiVE Cyprus is powered by MTN and will take place on 14, 15 and 16 of June at the

Turkish assets clawed some of the previous day's heavy losses on Tuesday as investor concern about anti-government protests across the country appeared to ease. Attention was focused on a morning meeting between President Abdullah Gul and Deputy Prime Minister Bulent Arinc, who was subsequently set to hold a news conference expected to focus on the

New Chairman of the Cyprus Airways Board of Directors, Tonis Antoniou, has given assurances to the staff of the company that the Board will make every effort to put the company back on track. In a message to the Cyprus Airways staff, Antoniou expresses the belief that initiatives undertaken by the Board of Directors would

A South African judge on Tuesday postponed until August 19 the murder trial of global athletics star Oscar Pistorius, who has been charged with shooting dead his girlfriend on Valentine's Day. Pistorius, 26, had to make his way through a scrum of photographers and reporters as he made his first formal public appearance since his

Britain's top share index bounced back from a one-month low in early trading on Tuesday, led by financials, on expectations that the U.S. Federal Reserve would continue its stimulus measures for a longer period. At 0709 GMT, the FTSE 100 index was up 45.90 points, or 0.7 percent, at 6,571.02, after falling 0.9 percent in

The solution of the Cyprus problem is not linked to the economic crisis on the island nor with the exploration and exploitation of hydrocarbon reserves in Cyprus’ Exclusive Economic Zone, said Monday Acting Government Spokesman Viktoras Papadopoulos. Papadopoulos was commenting on statements made by US Ambassador in Nicosia, John M. Koenig, who said that a

The Bank of Cyprus should, the soonest possible, come out of the resolution regime, said Monday Acting Government Spokesman Victoras Papadopoulos. He said this is something which the government has been calling for in the past few months. “We have made it known in all directions and in every way that the Bank of Cyprus