The European Union will pledge 3.5 billion euros ($4.6 billion) over the next seven years to help combat malnutrition in the developing world, the largest such EU donation to deal with nutrition. The EU has been increasingly combining its humanitarian and development aid efforts to help countries become better prepared for sudden shocks, for example
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Prime Minister Tayyip Erdogan flew back to a Turkey rocked by days of anti-government unrest on Friday and declared before a sea of flag-waving supporters at Istanbul airport: "These protests must end immediately." "No power but Allah can stop Turkey's rise," he told thousands who gathered in the early hours to greet him in the
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The dollar was under pressure on Friday and shares were on track for a third straight week of losses as markets experienced an uneasy run-up to U.S. jobs data later in the session. The dollar hovered near a 3-1/2 month low against a basket of currencies and was fragile against the yen at 96.37 yen
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The Holmes Report honored Action Global Communications with two key awards at this year’s EMEA SABRE Awards ceremony that took place in Barcelona last Thursday, May 30. Agency founder Tony Christodoulou received the SABRE Award for Outstanding Individual Achievement, in recognition of his lifetime of commitment to PR and pioneering approach to the Public Relations
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Minister of Finance Harris Georgiades spoke on Friday about a game of transferring responsibilities on a European level regarding the imposition of restrictive measures on Cyprus` banking system. In statements to CNA and commenting on remarks by European Central Bank President Mario Draghi that capital restrictions fell within the responsibility of the European Commission, Georgiades
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Federal Reserve Chairman Ben Bernanke is widely expected to step down when his second term at the helm of the U.S. central bank expires on Jan. 31, 2014. If history is any guide, President Barack Obama will pick a candidate to succeed the one-time Princeton University professor sometime during the summer, allowing ample time for
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Britain's Prince Philip was taken to a London hospital on Thursday for a planned operation on his abdomen, Buckingham Palace said, in the latest round of medical treatment for Queen Elizabeth's 91-year-old husband. The British monarch's consort of more than 65 years, who turns 92 on Monday, is expected to spend two weeks at the
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President Vladimir Putin and his wife, Lyudmila, told Russians on Thursday that their 30-year marriage was over, confirming longstanding speculation that they had separated. In a rare appearance together on state television, Putin was asked about rumours that they no longer lived together and answered: "That is true." The announcement removes a big question mark
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Energy Minister Giorgos Lakkotrypis unveiled Thursday a road map for the exploitation of Cyprus’ natural gas reserves. Speaking during a press conference, in Nicosia, the Minister said the road map starts with the appraisal well in Cyprus’ exclusive economic zone block 12 and ends with natural gas exports, by the end of 2019. In 2008,
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The IMF expects growth to resume in 2015 in Cyprus, however there are macroeconomic uncertainties and risks, which remain significant, the Fund’s spokesman Gerry Rice said on Thursday, during a press briefing, in Washington. He also said that the first review mission in Cyprus is scheduled for late July and the mission chief, Delia Velculescu,
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