Cyprus leaders launch talks on September 3 to reunite the divided island in what diplomats say is the best chance in decades to end a conflict threatening Turkey's European Union aspirations. Mediators are pinning hopes on two moderates — newly elected Greek Cypriot Demetris Christofias and Turkish Cypriot Mehmet Ali Talat — for a realistic
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European shares rose early on Tuesday as a sharp fall in the oil price took the edge off inflation concerns and lifted airlines and travel stocks, while autos gained from a weakening euro. At 0845 GMT, the FTSEurofirst 300 index of top European shares was 0.7 percent higher at 1,198.16, recovering from a low of
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British Prime Minister Gordon Brown cut an unpopular tax on home purchases on Tuesday as part of a package to boost the country's slumping housing market and lift his flagging political fortunes. Brown's government said properties worth less than 175,000 pounds ($316,000) would be exempt from the tax, known as stamp duty, for one year,
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Greek Cypriot and Turkish Cypriot organisations have organized a peace march on the occasion of the World Peace Day. Greek Cypriot and Turkish Cypriot political parties participated in the event (left wing AKEL, right – wing DISY, Social Democrats Movement EDEK, Ecologists and Environmentalists Movement, United Democrats, Turkish Cypriot parties TDP, BKP and YKP) as
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Bank of Cyprus announced that it has been notified by Morgan Stanley that on Wednesday 27 August 2008 Morgan Stanley & Co International Ltd and Morgan Stanley & Co Incorporated New York increased their participation in Bank of Cyprus shares by 0.09%. Following the above mentioned increase, Morgan Stanley & Co International Ltd and Morgan
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Google Inc is adding YouTube-like video communications features to its business application suite, looking to make video-sharing among office workers as easy as trading e-mails or instant messages. Unlike YouTube, which is aimed at consumers, Google Video for business is designed to be shared among designated users within an organization's own Web domain, protecting executive
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The manufacturing sector in US islikely stalled for a second straight month in August as the persistent housing slump and tight credit conditions crimped the overall business climate. However, strong overseas demand thanks largely to a weak dollar has been a bright spot for exporters, analysts said. The Institute for Supply Management's widely followed index
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Mobile phone maker Nokia said on Tuesday it would launch its "Comes with Music" package with an offering in Britain, signing a deal with Carphone Warehouse to sell the first model. A source familiar with the deal told Reuters the phone would go on sale next month. The free music package is a cornerstone of
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Sony Corp's game unit said on Tuesday it would launch the latest model of its PlayStation Portable (PSP) handheld machine on October 16 in Japan to better compete with Nintendo Co Ltd's market-leading DS. The new PSP will sell for 19,800 yen ($182), the same price as the current PSP model, which compares with 16,800
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Several major U.S. refiners said early checks on Monday showed their facilities were unharmed by Hurricane Gustav, but at least two others were said to be considering dipping into the U.S. Strategic Petroleum Reserve to keep operations going after the storm shut down key waterways. Gustav weakened to Category 2 before roaring ashore near Port
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