The implementation of the European Council’s decisions to improve economic governance and the management of issues concerning the financial sector that have arisen mainly as a result of the global economic crisis, will be among the priorities of the Cypriot EU presidency, Minister of Finance Kikis Kazamias said on Tuesday, speaking at a press briefing
More
At the start of the 20th century, inventors Thomas Alva Edison and Nikola Tesla clashed in the "war of the currents". To highlight the dangers of his rival's system, Edison even electrocuted an elephant. The animal died in vain; it was Tesla's system and not Edison's that took off. But today, helped by technological advances
More
Former Miss Venezuela Eva Ekvall, who appeared bald and without makeup in a recent book about her struggle against breast cancer, died in Houston on Saturday after losing her battle with the disease, according to Venezuelan TV news network Globovision. She was 28. The former beauty queen had worked to promote cancer awareness since being
More
Cyprus' contribution to the International Monetary Fund (IMF) will amount approximately to 460 million euro, if these funds are needed for the IMF to financially support Eurozone member states, according to the decisions of the recent EU Summit, Finance Minister Kikis Kazamias told CNA. In statements to CNA after the Eurozone and other EU member
More
The Central Bank of Cyprus has revised downwards its projections regarding the growth rate of the Cypriot economy, forecasting a marginal growth of GDP by 0.3% in 2011 and zero growth in 2012 due to the negative financial environment. The CBC stresses that Cyprus could reach the target for a 2.8% public deficit only if
More
Real power in North Korea now probably belongs to a coterie of advisers following the death of Kim Jong-il, not his youngest son, an untested man in his 20s who has been anointed the "Great Successor". These advisers will decide whether North Korea launches military action against South Korea to strengthen the succession around Kim
More
European stocks and the euro were under pressure on Tuesday after a euro zone plan to boost crisis funds parked with the IMF failed to reach a hoped-for target, though looming ECB funding for the region's banks lifted sentiment in some bond markets. The euro hovered around $1.3010 on Tuesday, slightly up on the day
More
Issues concerning further cooperation between Cyprus and Greece in health matters were discussed during a meeting here Monday between Health Minister Stavros Malas and his Greek counterpart Andreas Loverdos. Speaking during a joint press conference, Malas said they discussed broadening bilateral cooperation in the field of health and especially as regards training of doctors and
More
Asian stocks and the euro edged up on Tuesday, but sentiment remained fragile on concerns that efforts to contain the euro zone debt crisis were faltering and tougher rules to strengthen banks' capital would further undermine their profits. The mood in Asian markets was already risk-averse, after the death of North Korea leader Kim Jong-il
More
Brent crude futures rose above $104 on Tuesday, buoyed by the risk of supply being disrupted from Central Asian oil producer Kazakhstan, even as sanctions-hit Iran struggles to maintain its production and Libyan output is delayed. Hundreds of oil workers held a third day of protests in the capital of Kazakhstan's western oil-producing region after
More