Greece held a new round of talks with foreign lenders to bridge differences over 2 billion euros of disputed austerity cuts on Tuesday, with time running short to clinch a deal before a key meeting of euro zone ministers next week. Athens has been haggling for weeks over 12 billion euros of cutbacks that its
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France's public prosecution service said on Tuesday it was shelving an investigation into allegations that disgraced former IMF chief Dominique Strauss-Kahn, a man once tipped to become president of France, had engaged in group rape. The prosecution service said in a statement it had taken the decision after a young woman retracted an allegation against
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Iran already has enough low-enriched uranium for several atomic bombs if refined to a high degree but it may still be a few years away from being able to build a nuclear-armed missile if it decided to go down that path. Israel's warning last week that Iran will be on the brink of developing a
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European shares and the euro dipped on Tuesday as investors worried about Spain's economic troubles and a gloomy outlook for global growth, cashing in recent gains. The FTSEurofirst index of top European shares opened 0.4 percent lower as trading resumed, having finished up 1.42 percent at 1104.71 points on Monday. London's FTSE 100, Paris's CAC-40
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The package of economic measures which the government is proposing to the parties, social partners and Troika will be completed in a new meeting of the Cabinet on Wednesday evening. The measures will then be presented to the political parties during a meeting on Friday afternoon, Government Spokesman Stephanos Stephanou announced Monday. On June 25,
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President of the Republic of Cyprus Demetris Christofias will be holding meetings in Athens on Tuesday. According to the programme for his visit, he will be holding separate meetings with Greek Prime Minister Antonis Samaras and President of the Hellenic Republic Carolos Papoulias. He will also inaugurate an art exhibition by Georgios Georgiou titled "Cyprus
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At least 36 people died and dozens were injured when a ferry carrying more than 120 revelers on a company outing collided with another ferry and sank near an island south of Hong Kong on Monday night, in one of the city's worst maritime accidents. The ferry belonging to the Hongkong Electric Company, controlled
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A U.S. court removed a temporary sales ban against Samsung Electronics Co Ltd's Galaxy Tab 10.1 won by Apple Inc in a patent dispute, allowing the South Korean company to sell the product in the United States. While the Galaxy 10.1 is an older model, the lifting of the ban could still
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Asian shares and the euro rose on Tuesday after a surprising expansion in U.S. factory activity helped investors override concerns about weak overall global growth, and some market players said riskier assets should continue to find support. U.S. stock futures inched up 0.1%, suggesting a firm start on Wall Street, but financial spreadbetters expected London's
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Greece unveiled on Monday an austerity budget which aims to unlock international aid by cutting public spending even harder, even though its economy is shrinking fast. Painful cuts will be brought forward as the country faces what is expected to be a sixth year of recession. The 2013 budget emerged as Finance Minister Yannis Stournaras
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