Divers have recovered the body of the Philippines' interior minister from the wreckage of a light aircraft that crashed into the sea near the central island of Masbate three days ago, a senior official said on Tuesday. The body of Interior Secretary Jesse Robredo was pulled out from the six-seat Piper Seneca plane that had
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These days, a stroll on the streets of southern Seoul is just as likely to bring the fragrance of fresh-brewed coffee as that of kimchi or more traditional Korean foods. Nearly one in every two buildings boasts a coffee shop, from Starbucks to local brands such as Caffe Bene and Angel-in-us Coffee. Despite the existence
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Cyprus Paralympic athletes depart for the UK on Friday, August 24, to take part in the London Paralympic Games 2012 and aim to repeat their successful course in the Beijing Paralympic Games of 2008. The athletes forming the Cypriot delegation are swimmer Karolina Penedritou, track and field athlete Antonis Aresti and shooter Evripides Georgiou. The
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Coca-Cola Hellenic (CCH), the world's second-largest bottler of Coca-Cola Co. soft drinks, shed 25% of profit in the first half as expected, hurt by austerity in debt-laden Italy, Ireland and Greece and higher commodity costs. The Athens-based company, with operations in 27 countries including Cyprus, Russia and Nigeria, said comparable net income was 109 million
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Shares rose on Tuesday as investors held on to hopes the European Central Bank can trim borrowing costs and help restore confidence in the euro bloc, even as officials denied a report about the shape of its planned bond buying strategy. But most other assets – from the euro to oil and gold – drifted
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No date has yet been confirmed for the next Troika mission to Cyprus, according to the European Commission. In statements to CNA, Vandna Kalia, Press Officer of European Commission`s Vice President Commissioner for Economic and Monetary Affairs Olli Rehn, said that the date of the next Troika mission (Commission, ECB, IMF) to Cyprus has not
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Greece hopes to obtain its lenders' approval for a new wave of austerity measures worth about 11.5 billion euros ($14.1 billion) by the middle of next month, a Greek finance ministry source said on Monday. Winning approval for the savings due in 2013-14 is key to a positive review from the "troika" of the European
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Britain's Financial Services Authority (FSA) secured its biggest proceeds-of-crime haul on Monday when it was granted permission to confiscate 1.5 million pounds ($2.35 million) from a former Dresdner Kleinwort banker and his wife. In October 2010 Christian Littlewood, his wife Angie and a family friend, Helmy Omar Sa'aid, pleaded guilty to eight counts of insider
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Dutch defender Alexander Buttner's transfer from Vitesse Arnhem to Manchester United moved a step closer on Monday when he flew to England for a medical with the Premier League club. Buttner, 23, would become United's second recent Dutch acquisition following Robin van Persie's move from Arsenal to Old Trafford last week. The player, who had
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Bank of Cyprus is looking into swapping part of its loan book with a Greek bank operating on the island as part of moves to strengthen its capital base, it said in a stock exchange filing on Monday. Cypriot banks operating in Greece have been battered by the country's debt crisis and deep recession which
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