A bomb exploded on the third floor of a Syrian state television and radio building in Damascus on Monday, state media said. The television station, which continued broadcasting, carried an interview with Information Minister Omran al-Zoabi who said some employees were slightly wounded in the blast. There were no deaths. "There is a lot of
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Israeli Defence Minister Ehud Barak said on Monday he hoped a deadly cross-border assault in the Sinai would serve as a "wake-up call" to Egypt, long accused by Israel of losing its grip in the desert peninsula. Barak said between 13 and 15 Egyptian soldiers had been killed by militants from an unknown global jihadist
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Asian shares rallied to a three-month high on Monday and the euro touched a one-month peak against the dollar, as stronger-than-expected U.S. jobs data and emerging optimism for European action on the debt crisis sharpened investor appetite for risk. European stocks were likely to extend gains after surging to four-month highs on Friday, while U.S.
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The European Central Bank (ECB) has saved Greece from bankruptcy for the time being by securing it interim financing in the form of additional emergency loans from the Bank of Greece, German newspaper Die Welt said on Saturday. The ECB's Governing Council agreed at its meeting on Thursday to increase the upper limit for the
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Greece has made progress in finding budget cuts needed to continue its bailout programme but not all work is done and international inspectors will return in September for a final verdict, officials said on Sunday. Inspectors from the International Monetary Fund, the European Commission and the European Central Bank – known as the troika –
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Cypriot sailor Pavlos Kontides remains focused on his target for an Olympic medal, ranking on Friday second after the 7th and 8th race of Men’s One Person Dinghy (Laser) event in the London 2012 Olympic Sailing Competition. The 22 year old sailor completed the race with 28 penalty points and lags 5 points behind Australia’s
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* Record-breaking Phelps seeks medal number 21 * A packed Olympic Stadium took centre stage on Friday with the opening day of the athletics when home favourite heptathlete Jessica Ennis thrilled the raucous crowd with a world best time in the 100 metres hurdles event. Business was not quite done in the pool, where American
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. A lot has been said about the “evil” Troika inspectors and the conspiracy by “Troika-supporters” to demolish all that has been achieved in the labour market of the past few decades. At the same time, wise economists have repeated what members of the troika, particularly the IMF, has been telling us all this time
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. By Shavasb Bohdjalian Certified Investment Advisor and CEO of Eurivex Ltd. Global share prices and the euro rallied sharply, boosted by expectations that the U.S. Federal Reserve and European Central Bank will provide stimulus to support their struggling economies. Risk appetite remerged after ECB President Mario Draghi said the central bank would do whatever
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. By Dr. Jim Leontiades Cyprus International Institute of Management Paul Krugman, the Noble Prize winner has written a new book which questions the wisdom of the economic austerity policies frequently prescribed by the troika.* The main theme of the book is very simple. The current financial crisis in both Europe and the USA is
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