Suicide bombers killed 12 people and wounded 110 in attacks on a police post on the outskirts of the capital of Russia's Dagestan region, local investigators and law enforcement sources said on Friday. The attacks outside Makhachkala late on Thursday were the deadliest in months, undermining efforts by Russian security forces to contain an Islamist
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British aero enginemaker Rolls-Royce said it was on course to deliver strong growth in 2012 profit as it continues to benefit from airlines' need for more fuel-efficient planes. Rolls, the world's second-largest maker of aircraft engines behind U.S. group General Electric, said on Friday it had made a good start to the year and reiterated
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Struggling British entertainment retailer HMV forecast a worse than expected loss for the 2011/12 year, blaming a weak new release schedule in CDs and DVDs in its final quarter. But the 91-year-old retailer also said on Friday it was confident of returning to profit in the 2012/13 year, reflecting disruption to rival computer games retailer
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State-backed Royal Bank of Scotland said it was on the path to recovery as it reported a better-than-expected first-quarter operating profit and a big reduction in its balance sheet. RBS, which is 82% owned by the UK government after being rescued during the 2008 financial crisis, on Friday reported a first quarter operating profit of
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. BY SHAVASB BOHDJALIAN Its election time in Europe and one after the other, incumbent governments are falling, giving their place to populist candidates who are urging Europe to shift direction from austerity to pro-growth policies. Italian Premier Mario Monti and Francois Hollande who is tipped to succeed Nicholas Sarkozy in France are promising to
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. BY GEORGE MOUSKIDES Unfortunately in Cyprus we all, from the political leadership down to the last citizen, act as if on a self-destruction crusade. Examples of this unacceptable behaviour and line of policy by our leaders are ample. Law violations, embezzlement and unwise spending of public finances are an everyday phenomenon. The Accountant General
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Claims to have biggest, juiciest, value-for-money burgers in Cyprus Judging from the “macho” image of the recently launched GrillMan burgers, you would expect Nicholas Poupas to be a gun-toting cowboy ready to shoot his way into the market. But after a brief discussion you realise that this is a soft-spoken, composed man, heading a family
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. By Andrestinos N. Papadopoulos, Ambassador a.h. For us Cypriots, China is not only a friendly country with a rich cultural heritage, but also a strong supporter in the political and economic fields. It suffices to mention the support we get at the UN Security Council, support which is based on principles, and the forthcoming
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Kuwaiti lawmakers endorsed a legal amendment on Thursday which could make insulting God and the Prophet Mohammad by Muslims punishable by death, in a second reading that brings the proposal a step closer to passing. The plan still needs approval by Kuwait's ruler before it becomes law and follows a high-profile case of suspected blasphemy
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European Central Bank President Mario Draghi, reflecting growing anxiety among Europeans about their economic plight, said on Thursday growth should be at the heart of euro zone policy but it needed to go hand in hand with fiscal austerity. At a news conference in Spain, one of the countries worst hit by the bloc's debt
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