The number of refugees fleeing Syria could reach 700,000 by the end of the year, the U.N. refugee agency said on Thursday, almost four times its previous forecast. About 294,000 refugees fleeing 18 months of conflict in Syria have crossed into four neighbouring countries – Jordan, Iraq, Lebanon and Turkey – or await registration there,
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Eurosceptic auto parts magnate Frank Stronach launched his Austrian election campaign on Thursday, presenting himself as an honest man of the people to a public tired of corrupt politicians and hungry for change. Despite a lack of clear policies and confusion over his attitude to the crisis-hit euro, 40 percent of Austrians already want to
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Greece will sell almost all of its stake in gambling monopoly OPAP, the government said on Thursday, increasing the amount that is for sale in an attempt to convince foreign lenders that it is serious about selling off state assets. Athens, which owns 34 percent of one of Europe's biggest gaming companies, has launched a
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Reunification can drive Cyprus out of the economic crisis, Greek Cypriot and Turkish Cypriot political parties say in a joint statement. The parties met at Ledra Palace, in Nicosia and discussed the topic “The way out of recession and forward to a common future of growth, peace, prosperity and further integration in the European Union
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Construction work at VTT Vasiliko oil storage terminal, a subsidiary of the joint venture between Dutch global energy trader Vitol and MISC-Petronas, is going according to plan and should be completed in the first half of 2014, a senior company official said. George Papanastasiou, Managing Director of VTTV, said that the initial investment for the
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Samsung Electronics, which has vaulted the value chain on the strength of its hardware, will go out and buy mobile content providers, a senior executive told Reuters, to compete with Apple, Google and Amazon.com in a global digital music market worth nearly $9 billion. The South Korean electronics giant has muscled its way to global
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A former senior Credit Suisse trader was arrested in London on Wednesday in a fraud case tied to the valuations of subprime mortgage bonds, marking a win for U.S. prosecutors who have been awaiting his return since charging him early this year. London's Metropolitan Police arrested Kareem Serageldin, the former global head of structure credit
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Greece's international official lenders are at loggerheads over how to solve Athens' debt crisis, threatening more trouble for the euro. Officials from Greece and the "troika" of European Union, European Central Bank and International Monetary Fund have told Reuters tensions have risen in recent weeks as negotiators wrangle over further budget cuts, with the IMF
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Spain will announce a series of economic reforms and a tight 2013 budget on Thursday, aiming to avoid the political humiliation of having Brussels impose conditions on a request for an international bailout. Prime Minister Mariano Rajoy will enact further cutbacks as his efforts to bring down one of the euro zone's largest public deficits
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Asian shares rebounded on Thursday, buoyed by a sharp upturn in Chinese shares, but sentiment was vulnerable to uncertainty over a bailout for Spain and signs Europe is struggling to find a unified approach to the Greek debt crisis. U.S. stock futures hinted at a solid Wall Street open with a 0.4 percent gain, and
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