British Minister for Europe Jim Murphy will visit Cyprus in the near future, a Foreign Office spokesman told CNA. Murphy had stated during a gathering on Cyprus organized on the sidelines of the Labour Party conference in Manchester on Sunday that he intends to visit Cyprus. In his speech, Murphy had stressed the significance of
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President of the Republic of Cyprus Demetris Christofias has praised relations with Greece, stressing the close cooperation and support it offers in efforts for a Cyprus settlement. He was speaking after meeting Greek Foreign Minister Dora Bakoyannis on Tuesday on the sidelines of the UN General Assembly. The Greek Minister said the Cyprus issue is
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President of the Republic of Cyprus Demetris Christofias received Tuesday in New York, on the sidelines of the UN General Assembly, Foreign Minister of the Russian Federation Sergey Lavrov, with whom he discussed the latest developments in the Cyprus issue. In statements after the meeting, President Christofias said that Russia’s position regarding Cyprus remains firm
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The President of Greece Karolos Papoulias has described as “unacceptable” the continuing occupation of part of Cyprus by Turkey, adding that it is equally deplorable to see the capital of Cyprus, Nicosia, divided. Addressing the President of the Republic of Italy Giorgio Napolitano, during an official dinner hosted to honor him at the Greek Presidential
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World stocks steadied on Wednesday and safe-haven government bonds rose after Warren Buffett's investment in Goldman Sachs failed to calm anxiety over the prospects for Washington's $700 billion bank bailout. Billionaire investor Buffett's Berkshire Hathaway Inc will invest $5 billion in Goldman, a major boost for the Wall Street bank whose shares fell 50 percent
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Yahoo Inc's new board on Tuesday approved a new round of discussions with Time Warner Inc over the future of its AOL unit, the Financial Times said, citing a person familiar with Yahoo's thinking. The green light for the talks came as Yahoo's directors met for the first time since activist investor Carl Icahn was
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Sumitomo Mitsui Financial Group, Japan's No. 3 bank, plans to invest in Goldman Sachs Group Inc, Japanese media said, in what would be the third big Japanese investment this week on Wall Street. SMFG said the bank had no deal in place at the moment but media said it wanted to join the list of
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Danuta Hübner, Commissioner for regional policy, is today presenting the results of the urban audit – a health check on 321 European cities, produced in association with EUROSTAT. The audit is based on 420 000 pieces of statistical information focussed on the issues of greatest importance today, such as population ageing, immigration, housing and the
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The U.S. Federal Reserve on Wednesday moved for the second time within 24 hours to keep the wheels of the financial world turning, this time acting in concert with Australia and Scandinavia to supply money markets with $30 billion in funds. The European Central Bank, the Bank of England, the Bank of Japan and Australia's
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French utility EDF launched a 12.5 bln pound ($23.14 bln) agreed takeover bid on power producer British Energy, helping to secure Britain's nuclear future. EDF, the world's biggest maker of nuclear energy, said on Wednesday it offered to pay 774 pence per British Energy share. As an alternative, EDF is also proposing to pay 700
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