Cyprus has protested to the UN new violations of its national airspace by Turkey. An official press release issued on Wednesday said that Cyprus’ Permanent Representative to the UN, Ambassador Minas Hadzimichael, in a letter dated 6th February 2009 to the UN Secretary General, protested over new violations of international air traffic regulations and Cyprus’
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Greek Cypriot and Turkish Cypriot political parties, which meet regularly in the UN-controlled buffer zone under the auspices of the Slovak embassy in here, have exchanged views on their vision for a solution to the Cyprus problem. Ambassador of Slovakia Anna Tourenikova, reading out the joint communique issued at the end of the meeting, said
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World share prices struggled to make headway on Wednesday as worries over a deepening recession undermined confidence, pulling investors toward less risky assets including government debt and gold. In currencies, the euro recovered slightly after hitting 2-1/2 month lows against the dollar in a technically-based rebound, but banking sector and economic concerns capped its progress.
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Greek police defused an explosive device found in the trunk of a car parked outside Citibank's headquarters in a northern Athens suburb early on Wednesday. The incident follows a number of gun attacks on police by left-wing guerrillas in recent weeks, in a climate of tension and street protests sparked by the police shooting of
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Bank of England policymakers voted unanimously this month to seek government consent for quantitative easing through buying gilts and other securities, minutes to their Feb. 4-5 meeting showed on Wednesday. Sterling fell and gilts rose after the release of the minutes, which analysts said suggested the central bank could start buying assets to boost money
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General Motors Corp and Chrysler LLC requested nearly $22 billion in additional U.S. government loans and said they had reached tentative deals with the United Auto Workers union to reduce labor costs. The two automakers, which have so far received $17.4 billion in loans from the U.S. Treasury, also detailed plans to cut jobs and
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McDonald's Corp, the world's largest fast-food chain, is optimistic about business prospects in China and plans to open about 500 stores in the country in three years, a senior executive said on Wednesday. McDonald's China operations have not been affected by the fallout from the global financial crisis which has hit consumer spending as it
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Anthony Dod Mantle remembers racing through the slums of Mumbai, desperately trying to keep up with the 7-year-olds who ran ahead of him. There they were, "armed with life's energy and a world of hope and wonder; and me, overladen with 14 kilos of state-of-the-art equipment and a normal dose of middle age! What more
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Key mobile phone industry players have agreed to fit phones with the same power socket by 2012, industry group GSMA said on Tuesday. It said handsets would have a micro USB interface, already used to transfer pictures from digital cameras to a computer. The initial group of companies that have signed for the change include
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Global chipmakers, battling slower technology demand, are betting size matters as they pin their hopes for future growth on small and easy to carry mobile devices such as netbooks and smartphones. Global shipments of personal computer processors fell more than 11 percent in the fourth quarter but netbook sales are expected to more than double
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