A lack of toilets and poor hygiene practices in India cost Asia's third largest economy almost $54 bln every year, the World Bank said on Monday. Premature deaths, treatment for the sick, wasted time and productivity, as well as lost tourism revenues, are the main reasons for the high economic losses, the bank said in
More
Turkish Cypriot leader Dervis Eroglu, involved in complex reunification talks on Cyprus, has undergone successful heart surgery in Ankara, aides said on Monday. Eroglu, 73, was admitted to a private hospital in the Turkish capital on Sunday after heart tests showed a partially blocked artery. "It was a successful operation. He is now awake and
More
Air travel between Cyprus and Britain is disrupted because of arctic weather conditions in the UK. Air travel at Manchester seems to have been restored and a Cyprus Airways plane is scheduled to depart at 1500 (UK time). The plane is expected to bring back to Cyprus passengers, whose flight was cancelled yesterday at Birmingham.
More
The government will continue supporting shipping industry, said Friday Minister of Communication and Works Erato Kozakou – Markoullis. The Minister, who paid Friday a visit to a number of shipping companies established and operating in Limassol, upon an invitation of the Cyprus Shipping Chamber, expressed satisfaction with the infrastructure and the activities of the companies,
More
Cyprus Airways Board has appointed George Mavrocostas as Executive Chairman of the national airline. The appointment follows a government decision to appoint Andreas Chrysafi and Marios Hadzigrabriel as members of the Board.
More
The European Central Bank has expressed "serious concerns" that Ireland's bailout package could affect the institution's liquidity operations in the euro zone. In a position paper published on its website, the ECB also said legal flaws in Ireland's bailout legislation could affect its rights over collateral security. The paper was dated Dec. 17 but it
More
Asian shares fell to their lowest in over a week on Monday, led by a 2 percent slide in Shanghai stocks as thin year-end trading made for exaggerated moves, not helped by mounting tensions on the Korean peninsula. The euro slipped to a two-week low after last week's massive five-notch credit rating downgrade of Ireland
More
British police said on Monday they had arrested 12 men in a large-scale counter-terrorism operation. West Midlands police said they had detained five men from Cardiff in Wales, four from Stoke in central England and three from London. "They've all been held on suspicion of the commission, preparation, or instigation of an act of terrorism
More
German Chancellor Angela Merkel may be adamantly opposed to it, but the idea of issuing bonds on behalf of the whole euro zone simply will not go away. At a European Union summit dinner on Thursday, EU leaders debated ways of resolving the debt crisis that has haunted the 16-country euro area for most of
More
Ratings agency Moody's gave a resounding thumbs-down on Friday to Europe's efforts to resolve a rolling debt crisis, slashing Ireland's credit rating by five notches despite this month's EU/IMF bailout. The rare steep downgrade came during a European Union summit intended to restore market confidence by creating a permanent financial safety net for the euro
More