From New York City's Staten Island to the popular beach towns of the Jersey Shore, rescuers and officials on Friday faced growing evidence of widespread destruction wrought by superstorm Sandy, mounting anger over delayed relief and a rising death toll. The total killed in one of the biggest storms to hit the United States jumped
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The Government is now expecting from Troika (IMF, EC, ECB), to determine the exact date of their arrival to Cyprus, Government Spokesman Stephanos Stephanou has said. Speaking after the meeting Cyprus President Demetris Christofias held on Thursday with the leaders of the political parties, Stephanou said that the Government has sent today all the clarifications
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Archbishop Chrysostomos II, representing one of the biggest shareholders in two of the island’s leading banks, wants the Troika of lenders to “go easy” on the banking sector and not impose harsh recapitalisation plans that would push the financial institutions, their shareholders and the economy in general into an even greater abyss. He has also
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A journalist on trial for publishing the names of more than 2,000 wealthy Greeks with Swiss bank accounts described the case on Thursday as vengeful and politically motivated. Costas Vaxevanis faces up to two years in jail if convicted of breaking data privacy laws. The case has touched a nerve in near-bankrupt Greece, where rampant
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Britain could face a crisis which pushes it out of the European Union, Deputy Prime Minister Nick Clegg said on Thursday. "You will never achieve (anything) by stamping your foot and saying 'well we want to be part of this club, we want to unilaterally rewrite the rules of the games and we want to
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Greece revealed on Wednesday that it will overshoot its deficit and debt targets again next year because of a deeper than forecast recession as euro zone finance ministers debated how to keep the near-bankrupt state afloat. Athens needs to push through spending cuts and tax measures worth 13.5 billion euros ($17.5 billion) as well as
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British Prime Minister David Cameron came under pressure to act tough on the European Union budget and France threatened to use its veto, signalling a divisive start to bargaining over the 1 trillion euro ($1.3 trillion) long-term spending plan. Wednesday's warning from Paris echoed a similar threat from Denmark last week, while in London Cameron
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As historic storm Sandy pummeled the U.S. Northeast, knocking out power and crippling transportation in New York City and beyond, the enterprising American spirit was running high – mostly for good, though sometimes leading to accusations of gouging. Giovanni Hernandez, a tree surgeon working in affluent Millburn, New Jersey, said demand for his services had
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Sony Corp is likely to say it returned to an operating profit for July-September after it sold a chemicals business, but investors still aren't sure a consumer electronics revamp will deliver the profit growth the group seeks. Sony shares, valued at less than $12 billion, have dropped 19 percent since end-June and its 5-year credit
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Asian shares fell on Thursday but losses were curbed as the region's factory activity surveys mostly improved, with China's official and private sector manufacturing PMIs confirming a recovery in the growth trend even if it lacked punch. European shares were seen rising modestly. Financial spreadbetters expect London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX to
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