An Italian beach bar owner who climbed onto the dome of Saint Peter's Basilica in Rome to protest against plans to open up the country's seafront business sector to more competition came down on Wednesday after a 24-hour protest. Marcello Di Finizio, sometime owner of a business that rents out umbrellas and lounge chairs to
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Sony Corp CEO Kazuo Hirai has spent $1.8 billion in the past three months snapping up an assortment of businesses such as medical equipment and cloud gaming, leaving investors to worry he is blowing his firm's waning finances on a muddled plan to revive the fading giant. Hirai, a Sony veteran of nearly three decades,
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The grandfather of a 6-year-old girl killed in July's movie theater massacre in Colorado implored thieves who stole a camera with the last photographs taken of her to return it to the grieving family. Robert Sullivan said the theft of the camera with the pictures of Veronica Moser-Sullivan, the youngest victim of the July 20
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European Union and Russia have reconfirmed their willingness to work together in order to abolish visa regulations for short-term trips for Russian and EU citizens, during the sixteenth meeting of the EU –Russia Permanent Partnership Council on Freedom, Security and Justice which was held on Wednesday in Nicosia. The European Union delegation was led by
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The Informal EU Education Ministers Council that will take place in Cyprus 4- 5 October will focus on the central role of education in implementing the Europe 2020 strategy for jobs and growth. Cypriot Professor Christopher Pissarides, the 2010 Nobel Prize winner for Economic Sciences, will address the Ministers on the link between education and
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The first tranche of the financial assistance to be agreed between Cyprus and the Troika of the European Commission, the European Central Bank and the International Monetary Fund will be disbursed by the end of the December, Cyprus Minister of Finance Vassos Sharly has said. Sharly, who briefed on Wednesday the President of the House
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The European Banking Authority’s final assessment of the capital exercise covering 71 banks showed that the shortfall for the two Cypriot banks, Bank of Cyprus and Cyprus Popular Bank reached €1.885 million. The shortfall for Bank of Cyprus stands at €730 million, whereas the corresponding figure for Cyprus Popular Bank reached €1.125 million. The shortfall
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After several difficult weeks, Republican Mitt Romney found his footing on Wednesday night in a strong debate performance against Democratic President Barack Obama. The question is whether it is too late to make a difference. Romney could see a burst of fundraising, new interest from undecided voters and a wave of support from his fellow
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* EU bank watchdog sticks to capital target * The European Union's banking watchdog is sticking to a capital target for banks to help shield them from the euro zone debt crisis, saying lenders that fall short won't be able to pay dividends or big bonuses. Dousing banks' hopes that the European Banking Authority (EBA) would
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Greece's hopes of striking a deal with its lenders before euro zone finance ministers meet next week dimmed on Wednesday, when officials admitted the two sides disagree on how much the economy will contract in 2013 – a key figure in their calculations. After weeks of talks, Athens is still struggling to clinch an agreement
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