Nuclear operator British Energy has agreed to be taken over by French utility EDF for around 12.4 bln pounds ($24.61 bln), a source briefed on the matter said on Friday. The source told Reuters EDF had agreed terms of the offer of about 775 pence per share with British Energy after months of talks, and
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Oil rose on Friday to around $126 a barrel, finding some stability after two weeks of losses, as buyers came back into the market before the weekend. Concern that high prices and the slowing U.S. economy will undermine demand have driven oil down from a record peak of $147.27 on July 11, but technical trading
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World stocks hit a one-week low on Friday while the dollar fell as dismal U.S. housing and jobs data and warnings from German reinsurers fanned concerns about the health of the financial sector and the broader economy. Insurers came under pressure after Germany's Munich Re issued a profit warning, while Hannover Re said it would
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It is important that the Government in Ankara understands that, whatever the internal problems of the governing party and the military, they have a huge obligation to seek with their neighbours and on behalf of the whole of Europe to bring Cyprus back to being one nation, with all its communities living together in peace,
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The Council of Ministers approved, during its last session, the regulations regarding the establishment of a Faculty of Medicine in the University of Cyprus. According to an announcement, issued by the Ministry of Education and Culture, the establishment of a Faculty of Medicine in Cyprus is an important step forward to the efforts being made
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Cyprus President Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat decided today to start full-fledged negotiations on September 3, with the aim to reach a ''mutually accepted solution to the Cyprus problem which will safeguard the fundamental and legitimate rights and interests of Greek Cypriots and Turkish Cypriots''. A joint statement read out by
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Inflation in construction materials prices accelerated in June, as the index for January-June rose by 10.4% year on year, compared with 9.6% in January-May. Compared with the previous month, the price index of construction materials rose by 2.7% in June, having risen by 1.9% in May. By far the fastest increase in the first half
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World stocks hit a one-week low on Friday while the dollar fell as dismal U.S. housing and jobs data fanned fresh concerns about the health of the financial sector and the broader economy. Thursday's data showed U.S. existing home sales fell more sharply than forecast in June and dragged the pace of annual sales to
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Microsoft Corp will announce plans to expand its relationship with online social network Facebook to provide web search and search advertising, a source familiar with the matter said on Thursday. The expanded deal follows Microsoft's decision not pursue a takeover of Yahoo Inc to bolster its online search and advertising business as it tries to
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Couch potatoes love television, but some simply have no interest in watching sports or kids shows. So why should they pay for it? More U.S. TV watchers are asking the same question as cable and satellite TV bills creep higher. The government wants to know why consumers can't just pay for the channels they want
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