RAF Akrotiri has announced that an investigation will be carried out into the circumstances that led to yesterday’s air crash of a Harrier aircraft, to determine the cause of the crash. A press release, issued today by RAF Akrotiri, said that during a training flight yesterday, Monday 9th February, a Harrier aircraft from 20 Squadron
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The Iranian president said on Tuesday that Iran would welcome a fundamental change in approach from the United States and was ready for dialogue provided talks were based on mutual respect. U.S. President Barack Obama said in his first White House news conference on Monday that he saw the possibility of diplomatic openings with Iran
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UBS said it would axe 2,000 more jobs as part of a tough restructuring after posting the biggest ever annual loss for a Swiss firm, although it said client withdrawals had stopped in January. UBS reported a 8.1 bln Swiss franc ($7 bln) net loss in the fourth quarter, missing a Reuters poll forecast for
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Says pent-up demand for residential starting to grow Grainger Plc, Britain's biggest housing landlord, said it had started to see a gentle pick-up in demand for residential property but bargain-hunting buyers continued to put pressure on prices. Grainger said on Tuesday it had seen an increase in the number of viewings for vacant properties last
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The Obama administration's financial rescue plan will now include a new form of "bad bank" combining public and private funds, according to CNBC. Earlier, CNBC had reported that Treasury had dropped plans to establish a "bad bank" to buy distressed assets from commercial banks. That report had stirred doubts about the effectiveness of any package
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By Jeff Mason U.S. President Barack Obama arrived at his first White House news conference on Monday with a message to sell: government has the keys to fix the economy. With that declaration, the president defended the most important piece of legislation to emerge from his young administration. Pushing hard for passage of a stimulus
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Russian companies are continuing to service their $400 billion foreign debt as normal and the government is not holding talks to help them restructure payments, a top Kremlin aide said on Tuesday. "There have been no proposals coming to the government about the debt restructuring. The information that such talks are taking place is not
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Asian stocks fell on Tuesday as uncertainty grew about U.S. plans for a bank bailout, while the euro fell on a report that Russian banks were seeking a delay on repayment of loans. European shares were set to fall after Swiss bank UBS posted a huge fourth-quarter loss and as U.S. stock futures fell on
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Turkey’s course towards the EU and the Cyprus question were discussed during a meeting here on Monday between EU Enlargement Commissioner Olli Rehn and Turkish main opposition Republican People's Party (CHP) leader Deniz Baykal. In statements after the meeting, Rehn expressed the full commitment of the European Commission to supporting Turkey’s accession course through the
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The picturesque village of Agros, situated in the Pitsilia region at the Troodos mountain range, was selected by the Cyprus Tourism Organization (CTO) as the best national tourism destination in the framework of the European Commission’s EDEN project (European Destinations of Excellence). The EU project was related to “Tourism and Local Intangible Heritage”. Agros, situated
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