British luxury brand Burberry on Tuesday warned that full-year profit would be at the lower end of market forecasts after store sales slowed in recent weeks. "As we stated in July, the external environment is becoming more challenging," Chief Executive Angela Ahrendts said in a statement. "In this context, second quarter retail sales growth has
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Industry Minister of Lebanon Vrej Sabounjian on Monday put forward a proposal for cooperation with Cyprus in the business and investment fields during a meeting he had with Cyprus Minister of Commerce, Industry and Tourism Neoklis Sylikiotis. Sabounjian who is paying a visit to Cyprus, said that he will invite the Cypriot Minister to Lebanon
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The head of the Russian Orthodox Church used a Sunday prayer service and a state TV interview to argue that the church he presides over is under attack from foes he said fear its post-Soviet revival and want to destroy its places of worship. Patriarch Kirill did not name punk music group Pussy Riot but
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Nokia will start selling its new smartphone, potentially its last chance to break into the most profitable part of the mobile phone market and secure its future, in November, sources at European telecoms operators said on Friday. The Lumia 920, which uses Microsoft's Windows software, is Nokia's bid to catch up with Apple's iPhone
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Russian President Vladimir Putin on Sunday dismissed any talk of a trade war with Europe over a European Commission competition investigation into state-controlled gas monopoly Gazprom. "We have very warm, constructive relations. It is not a trade war," Putin told reporters after an Asia-Pacific Economic Cooperation (APEC) summit in the Russian port city of Vladivostok.
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Russia's second-largest lender VTB may carry out an extra share issue in 2013 to prop up its capital after prospects for such an issue this year had evaporated, Chief Executive Andrey Kostin said. Banks across the globe are facing pressure on their capitals, which is a liquidity cushion essential to absorb shock such as the
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Prime Minister Benjamin Netanyahu's cancellation of a security cabinet session on Iran following a media leak last week laid bare a conundrum long troubling Israeli strategists: could they count on any element of surprise in a war on their arch-foe? Possibly not. Years of public speculation, much of it stoked by official statements in
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Cyprus’ request for a state loan from Russia is being processed in technical consultations taking place between the Finance Ministries of both countries and the matter will take time to conclude, Russian Finance Ministry official representative Alexander Lukashevich said. Lukashevich, while speaking to the Press, confirmed that the Republic of Cyprus officially approached at the
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Turkey cannot control the European institutions and its audacity and arrogance are certainly not accepted by EU institutions Defence Minister Demetris Eliades said Sunday during a speech at a Memorial Service for those killed at Neo Chorio Kythreas during the Turkish invasion of Cyprus during the summer of 1974. The Defence Minister added that by
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Cyprus and France can further cooperate in areas such as the economy and natural gas, French Minister of Foreign Affairs Laurent Fabius has said. In statements he made to the press on the sidelines of the official opening of the Franco-Cypriot school on Saturday in Nicosia, Fabius said that the school’s establishment constitutes an excellent
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