A delegation of the France-Cyprus Friendship Group at the French Senate will be visiting Cyprus September 25-30, headed by the Chairman of the Group Andre Rouviere. During their stay in Cyprus the French Senators will be received by Acting President of the Republic, House President, Marios Garoyian. They will also have meetings with the Chairman
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Turkey cannot join the European Union if it does not recognise beforehand the Republic of Cyprus, Acting President of the Republic and House of Representatives Speaker Marios Garoyian and Belgian Senator and Chairman of the Belgium-Cyprus Friendship Group at the Belgian Parliament Philippe Monfils have said. In statements after a meeting on Thursday, Garoyian said
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Republican presidential candidate John McCain said on Thursday "time is short" to achieve a Wall Street rescue plan as he and Democratic rival Barack Obama headed to Washington to help broker a deal. McCain said a deal must be achieved by the time financial markets open on Monday to avoid economic calamity in the United
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Orders for costly U.S. manufactured goods plunged in August and the number of workers filing new claims for jobless benefits shot up, according to government reports on Thursday that showed the economy rapidly weakening. The Commerce Department said new orders for durable goods like new cars and refrigerators slumped by a sharper-than-expected 4.5 percent as
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Market participants scrambled for funds at the Bank of England's regular one-week cash auction on Thursday as banking sector nerves pushed money markets deeper into gridlock. Banks put in bids worth 89.2 billion pounds, far exceeding the 52.8 billion pounds the central bank had to offer. Strains in money markets have reappeared with a vengeance
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Europe's biggest bank HSBC Holdings is not in talks with Swiss rival UBS AG about a deal, a person familiar with the situation said. UBS shares jumped on Thursday as talk reemerged that HSBC was casting an eye on the troubled Swiss bank. There has been frequent talk that HSBC would be interested in UBS,
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United States Democratic presidential candidate Barack Obama and Democratic Senator, candidate for the Vice-Presidency, Joe Biden “believe strongly that Cyprus should remain a single country in which each of the two communities on the island is able to exercise substantial political authority in its own geographical zone – with a just and mutually agreed settlement
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Foreign Minister of the Republic of Cyprus Markos Kyprianou has participated in the ministerial meeting of the EU with US Secretary of State Condoleezza Rice, which reviewed issues concerning the EU and the US relations. Kyprianou will meet his US counterpart on Thursday while Rice will meet earlier in the day Greek Foreign Minister Dora
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Germany blamed the Anglo-Saxon capitalist model on Thursday for spawning the global financial crisis, saying the United States would lose its financial superpower status and have to accept greater market regulation. In unusually stark language, German Finance Minister Peer Steinbrueck told parliament the financial crisis would leave "deep marks" and proposed eight measures to address
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World stocks steadied, the dollar fell across the board and the cost of borrowing dollars in the money market remained high on Thursday as anxiety over a $700 billion bailout for the U.S. financial system persisted. Stocks fell in Asia, while European bourses were mixed with investors on tenterhooks as negotiation on the U.S. government
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