* Summer died after battling cancer * Sold more than 130 million records, won 5 Grammys * Hits include "Bad Girls," "Hot Stuff," "I Feel Love" Disco queen Donna Summer, whose sultry voice and pulsing rhythms on hits like "Last Dance" and "Love to Love You Baby" defined the 1970s disco era, died of
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Two hundred and forty seven exhibitors, representing over 1000 local and international companies, will participate in the 37th Cyprus International Fair, which opens its doors Friday and will remain open until the 27th of May. The state fair will be officially inaugurated by President of the Republic of Cyprus Demetris Christofias, in the presence of
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The euro hit a four-month low on Friday, extending declines prompted by fears Greece may leave the euro zone and on contagion jitters after Moody's downgraded 16 Spanish banks. Worries that a possible Greek exit from the euro zone would put pressure on other ailing European economies weighed on the currency, which last fetched $1.2674,
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Fitch Ratings Agency downgraded Greece's credit rating to CCC from B-minus on Thursday, citing the heightened risk that the country might have to leave the euro zone. The failure by Greek politicians to form a government underscores a lack of public and political support for an austerity program, Fitch said in a statement explaining the
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Greek voters are returning to the establishment parties that negotiated its bailout, a poll showed on Thursday, offering potential salvation for European leaders who say a snap Greek election next month will decide whether it must quit the euro. The poll, the first conducted since talks to form a government collapsed and a new election
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The European Union said it will honor its commitments to Greece in an effort to make sure it remains within the euro area but said Athens too must meet its obligations to the EU, the head of the head of the European Commission said on Thursday. "As far as Greece is concerned, I would like
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The International Monetary Fund will not return to Greece to review its loan program before Athens holds fresh elections on June 17, an IMF official said on Thursday. "We take note that elections have been called and we look forward to being in contact with the new government when it has been formed," David Hawley,
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The Cyprus government decided Thursday to fully underwrite a 1.8 bln euro preference rights issue by the Popular Bank, which the island’s second largest lender said will help “recapitalise the bank through private capital”. Details of the state support were not revealed, but the bank said the terms of the issue will be submitted to
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Greek savers may be gripped by a "great fear that could develop into panic" in the words of President Karolos Papoulias, but many Greeks shifted their money to safer havens in Britain, Switzerland, Germany and Nordic countries long ago. Worries about a run on Greek banks has rattled Athens this week, after savers withdrew at
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A Greek exit from the euro zone could expose the European Central Bank and the currency bloc it seeks to protect to hundreds of billions of euros in losses, landing Germany and its partners with a crippling bill. A Greek departure would take Europe into uncharted legal waters. The size of the burden other euro
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