. Key heavyweight lenders in Spain, Italy and Greece are due a share price revival after being oversold when they were tarred by the same brush as sovereign debt issued by those countries, according to fund managers. Well-funded and internationally focused banks such as Banco Santander and BBVA have been hit hard by a peripheral
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Richard Holbrooke, the veteran U.S. diplomat who negotiated the 1995 accord that ended the Balkans war and was U.S. President Barack Obama's special envoy to Afghanistan and Pakistan, died on Monday at age 69. World leaders, colleagues, friends and analysts remembered Holbrooke as a giant of American foreign policy. Here are some of their statements.
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S.Korean inventor offers men virtual love on iPhone Stressed out South Korean men without time to date can now at least pretend they have a girlfriend, albeit on their smart phone. Launched on November 30 by Nabix, a South Korean developer, the iPhone application "Honey it's me!" is warming lonely hearts with the voice of
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In 2008 the number of Cypriots living at the risk of poverty stood at 128.000 people or 16,2% of the population. At the same time, 64.000 people or 8,2% of the population were severely materially deprived, meaning that they had living conditions constrained by a lack of resources such as not being able to afford
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Greek public transport and media workers launched a week of anti-austerity strikes on Monday expected to ground flights, disrupt services and pile rubbish on the streets in the run-up to Christmas holidays. Parliament on Monday began discussing a bill to cap wages at state-run firms and introduce company-level wage bargaining in the private sector, both
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Cyprus Airways has announced the cancellation of a number of its flights scheduled for Wednesday, December 15, due to a 24-hour strike to take place in Greece. A Cyprus Airways press release says that air traffic controllers of Greece will also participate in the strike, which will affect Greek airports. It also says that Cyprus
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Minister of Commerce, Industry and Tourism Antonis Paschalides has expressed the readiness of the government to give its full support and encouragement to any serious cooperation between Cypriot and Libyan companies, noting that ''our policy is to create a stimulating environment and the necessary conditions for such cooperation to develop into successful business ventures.'' Addressing
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Tourist arrivals increased by 3,3% in November 2010, compared with the same month in 2009, the Statistical Service announced today. For the period January – November 2010 arrivals of tourists totaled 2.111.798 compared with 2.074.992 in the corresponding period of 2009, recording an increase of 1,8%. On the basis of the results of the Passengers
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The Ministry of Commerce, Industry and Tourism announced its invitation to parties to express their interest in the establishment of a joint venture that will develop, finance, construct and operate the Vasilikos Oil Terminal. According to the announcement, the procedure is open to economic operators and consortia of economic operators and the deadline is set
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What the Federal Reserve giveth, Obama taketh away The U.S. central bank's $600 billion stimulus plan was supposed to lower interest rates. But President Barack Obama's tax deal with Republicans, by rekindling fears of budget deficits in the bond market, has pushed them higher. As the Fed meets this coming week, the surprise shot in
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