Signing on for a "Guitar Hero" game was a "no brainer," according to Metallica drummer Lars Ulrich. "When 'Guitar Hero' came to us in April of last year, we said yes very quickly," Ulrich told Billboard.com on Friday during the quartet's drop-in appearance at the South By Southwest music conference to promote "Guitar Hero: Metallica,"
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Some of American International Group Inc's biggest rivals have urged U.S. Federal Reserve Chairman Ben Bernanke to prevent the insurance giant from using the government rescue to win an advantage, particularly by cutting prices, The Wall Street Journal reported. In an article posted on its website, the Journal said AIG's competitors had complained directly to
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Following are some key quotes from President Barack Obama's interview on CBS's "60 Minutes "on Sunday: FINANCIAL CRISIS "I think that systemic risks are still out there." "If we did nothing you could still have some big problems. There are certain institutions that are so big that if they fail, they bring a lot of
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Asian stocks rose on Monday, with Japan's Nikkei at a one-month high, and oil prices climbed toward $53 a barrel on investor hopes a U.S. plan to rid banks of $1 trillion of toxic assets was closer to being implemented. Global equities have been rallying for nearly two weeks on confidence the financial system was
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United States on Monday offered generous financing for private investors to help cleanse banks of up to $1 trillion in toxic assets that are blocking lending and worsening a deep U.S. recession. After disappointing markets last month with a bare outline of proposed public-private partnerships, the stakes are high for Treasury Secretary Timothy Geithner as
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Cyprus and Russia agreed to set up a working group on tourism, in a bid to boost tourist flows between the two countries amid the global financial crisis. The proposal for the establishment of a working group on tourism was tabled by Russian Minister of Tourism during a meeting with Cypriot Minister of Commerce, Industry and
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By 2025, 1.8 billion people will live in countries or regions with absolute water scarcity. This is stated in a UN press release on the occasion of the World Water Day which is celebrated today. Under the theme ''Shared Waters–Shared Opportunities,'' this year's commemoration highlights the need for cooperation between countries and regions to ensure
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2009 will be a tough year, since Cyprus’ economy depends largely on tourism, foreign investments and provision of services, Minister of Commerce, Industry and Tourism, Antonis Paschalides, stressed here today addressing the annual summit of Cyprus Institute of Marketing, held in Nicosia. “Taking into consideration the system of mixed economy and the international financial crisis,
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Maratheftiko, newcomers leave their mark The fourth annual Cyprus Wine Competition was concluded last Saturday and the awards were presented at a Gala Dinner at the Grand Resort, Limassol. 32 wineries submitted 136 wines and 40 medals were awarded: two “Grand Gold”, 11 Gold and 27 Silver. The awards list mixes the various categories, so
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Foreign Minister Markos Kyprianou told the General Affairs and External Relations Council in Brussels on Monday that Cyprus disagrees with the energy aspect of the EU stimulus plan and that the 150 mln euro reduction in funds for rural development will hurt Cyprus because of the prolonged drought on the island. In the framework of
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