According to the results of the tenth publication of RICS (Royal Institution of Chartered Surveyors) Cyprus’ Property Price Index, that were published here Thursday, it has been recorded a disappointing behaviour in property prices across Cyprus’ major urban areas, with prices and rents falling across all districts. The Index tracks property and rental prices across
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In the past, money was no object when cancer specialists considered which drugs would provide the best treatment for their patients. But some top oncologists are rethinking that stance, given the soaring costs of new cancer medicines, reduced reimbursement by insurance plans and fresh research that has identified cases where cheaper generic drugs can work
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* Central banks ready to combat Greek market storm * Britain to flood system with cash * Greek leftist says bailout deal will be dead by Monday * Spain promises new measures after yield hits 7 percent Central banks from major economies stand ready to take steps, including coordinated action, to stabilise markets as world
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Greece's rundown state hospitals are cutting off vital drugs, limiting non-urgent operations and rationing even basic medical materials for exhausted doctors as a combination of economic crisis and political stalemate strangle health funding. With Greece now in its fifth year of deep recession, trapped under Europe's biggest public debt burden and dependent on international help
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Chancellor Angela Merkel rebuffed pressure on Thursday for Germany, Europe's most powerful economy, to underwrite debt or guarantee bank deposits in the euro zone as Spain's soaring borrowing costs raised new alarm. Spain's 10-year bond yield hit a euro lifetime high of 7 percent – a staging post above which Greece, Ireland and Portugal were
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An audit of Spain's banks showing how much they need to be recapitalised should be completed by Monday, two sources told Reuters on Thursday, with one saying the figure to clean up a number of banks will be 60-70 billion euros ($75-$88 billion). The audit from consulting firms Oliver Wyman and Roland Berger was due
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Chancellor Angela Merkel rebuffed pressure on Thursday for Germany, Europe's most powerful economy, to underwrite debt or guarantee bank deposits in the euro zone as Spain's soaring borrowing costs raised new alarm. Spain's 10-year bond yield hit a euro lifetime high above 7 percent – a danger level above which Greece, Ireland and Portugal were
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A moderate earthquake with a magnitude of 5.5 shook Sirnak province in southeast Turkey on Thursday, the Kandilli Observatory in Istanbul said. There were no immediate reports of damage or casualties in the quake, whose epicenter was at Silopi, near the Iraqi border. The U.S. Geological Survey said the quake had a magnitude of 5.3.
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Germany and France have signed a declaration of intent to cooperate on armament, and plan to coordinate their purchases in the long-term, the German-French declaration obtained by Reuters showed on Thursday. "We must build a platform that others can join," said German Deputy Defence Minister Stephane Beemelmans. "Germany and France have often done this and
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Technocrat Prime Minister Mario Monti appealed to Italy's politicians on Wednesday to back his tough economic medicine to avoid Rome becoming the next victim of the euro debt crisis, after a bailout for Spain's banks failed to calm markets. Monti, whose approval rating has slumped as new taxes take hold and recession bites, told parliament
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