Inspectors from the international lenders keeping Greece afloat return to Athens on Tuesday to relaunch its stalled economic plan and decide whether to keep the nation hooked up to a 130-billion-euro lifeline or let it go bust. The euro zone member has fallen behind targets agreed as conditions of its bailout deal, mainly due to
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A man dived off London's historic Tower Bridge into the River Thames on Monday during a protest by taxi drivers over their exclusion from part of a special Olympic Games road network in the capital. Police pulled the man from the water under the landmark bridge, from which Olympic rings were suspended to celebrate the
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Asian shares inched higher on Tuesday, helped by improving Chinese manufacturing data, but the euro remained under pressure as surging Spanish borrowing costs stoked fears that the euro zone's fourth-largest economy will be forced to seek a bailout. The HSBC flash China manufacturing purchasing managers index rose to a five-month high in July, driven up
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Banks recapitalised as part of Greece's bailout may be forced to overhaul their management and governance, the European Commission said, in response to questions raised by Reuters about alleged malpractice at Greece's fourth-largest bank. In a statement, the European Union's executive arm said Greek banks would face due-diligence audits and possible management shake-ups in return
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European and IMF inspectors launched new consultations in Cyprus on Monday to pin down the island's financial needs after it applied for a bailout last month. Cyprus sought a funding lifeline from its European Union partners on June 25 to buffer its banking sector from severe losses over its exposure to Greece, becoming the fifth
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Farmers armed with assault rifles, rocket-propelled grenades and mortars forced Lebanese government troops to abandon an operation to destroy their illegal cannabis crop in Lebanon's Bekaa Valley on Monday, a witness said. The farmers' attack halted a morning raid by security forces, who had been flattening the tall spiky marijuana plants with tractors, accompanied by
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The second Troika delegation visit to Cyprus main focus will be on the banking sector, the Ministry of Finance has said. According to a press release issued here on Monday, the Troika delegation (EC, ECB, IMF) visit starts its second round meetings in Cyprus with representatives of the Central Bank, the Ministry of Finance, relevant
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Cyprus’s government debt to GDP ratio stood at 74.6% or 13.228 billion euro in the first quarter of 2012, according to data on the course of debt in EU countries, released on Monday by Eurostat, the statistical office of the European Union. According to the EU data, the highest increases in the ratio in first
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Breast cancer cells can destroy a powerful immune response in the body and allow the disease to spread to the patient's bones, researchers in Australia reported on Monday. They also experimented with two ways to reinstate this immune response to help patients fight breast cancer, but it will take more tests and several more years
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A Ukrainian court on Monday put off until July 31 the hearings in a tax evasion case against former Prime Minister Yulia Tymoshenko due to her inability to attend the trial on health grounds. Tymoshenko, sentenced to seven years in prison last October on a separate charge of abuse of office, is being treated for
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