Oil fell to a 16-month low below $98 per barrel on Friday as weak U.S. jobs data, poor manufacturing data from China and a spiralling euro zone debt crisis deepened worries over the prospects for global economic growth. Brent crude oil futures tumbled to their lowest since February 2011, down $4.17 to an intra-day low
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The decision by trade insurers this week to stop covering exporters shipping to Greece could have "alarming" consequences, exacerbating shortages and pushing up prices for consumers, the country's retail federation said on Friday. "Insurance companies contribute significantly to the creation of a climate of security and trust in the market," the ESEE retail lobby said.
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England have warned players to be careful when using Twitter at Euro 2102 while Spain and Denmark have banned their squad from using the social networking site during the tournament. Teams fear that off the cuff remarks on Twitter could cause problems during this month's finals in Ukraine and Poland and other sides could follow
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Patriarch Kirill Gundyaev of Moscow and all the Russians will pay an official four day visit to Cyprus at the invitation primate Archbishop Chrysostomos II of Nea Justiniana and All Cyprus. The patriarch will arrive on a special flight at Larnaca International Airport on June 8 and will be accompanied by clerics and officials of
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A new Greek opinion poll published on Friday showed the anti-bailout leftist SYRIZA party with a six-point lead over their conservative pro-bailout rivals, ahead of a key election on June 17 that may decide whether the country will stay in the euro zone or not. If elections took place today, SYRIZA would get 31.5 percent of
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* Queen Elizabeth popularity surging for jubilee * Prestige restored after "annus horribilis" * Questions remain over future of monarchy When Britons sing "God Save the Queen" over four days of celebrations to mark Elizabeth II's 60 years on the throne, monarchists may have cause to roar the line "long to reign over us" more
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Asian shares and the euro extended losses on Friday, with Japan's Nikkei poised to log its longest weekly losing streak in two decades, as weak Chinese factory data highlighted concerns that the euro zone debt crisis will further undermine global growth. The data came amid escalating worries about Spain's banking system and the fate of
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. The naïve and arrogant way the Biblical and Archaeology Society of America has chosen to organise a “tour in the footsteps of St Paul” has once again exposed the weaknesses and vulnerability of movement across the Green Line, a bizarre status quo that none of our EU and American “friends” want resolved. The BAS
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. BY DR ANDRESTINOS N. PAPADOPOULOS Ambassador a.h. The recent discoveries of natural gas and oil in the Exclusive Economic Zone (EEZ) of Cyprus and the wider area of the eastern Mediterranean have changed the energy map and brought forward two issues. First, the downgrading of the role of Turkey as a transit hub for
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. BY SHAVASB BOHDJALIAN Cyprus should seek support from the EU to strengthen the capital of the island’s banks with a comprehensive plan on how it can achieve a budget surplus to repay its debts, rather than copying Greece which announces half measures, sets unrealistic targets and after missing revenue targets proceeds with more cuts.
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