Russian Premier Vladimir Putin threatened on Wednesday to slap heavy fines on some of the country's top tycoons for not investing enough in the power sector, while praising Western investors. In one
The European Union's executive recommended on Wednesday launching accession talks with Iceland, the start of a process that Reykjavik hopes will lead to EU membership by 2012. The European Commission said Iceland
European shares fell on Wednesday for a third consecutive session as investors awaited congressional testimony by U.S. Federal Reserve Chairman Ben Bernanke, with banking stocks bearing the brunt of the falls. By
Google Inc has scrapped the China leg of a regional event to show software developers its first smartphone, the Nexus One, in Beijing, its second such move following its threatened pull-out from
Democratic Party (DIKO) Central Committee members voted last night by an overwhelming majority to stay in the government coalition. From last night’s ballot, 124 members of the central committee voted to stay
Aegean Airlines and recently privatised Olympic Air on Monday announced their merger, referring to a "national airline champion" in a press release. Both carriers said their main shareholders reached an agreement on
European stocks eked out small gains on Wednesday against a background of investor caution globally following a dip in U.S. consumer sentiment. The dollar was flat as were euro zone government bonds,
State Department spokesman Philip Crowley has said that “a very constructive dialogue is going on between Turkey and Greece, between the Turkish Cypriot community and the Greek Cypriot community, aided by the
Investors sold shares across the globe on Tuesday, unnerved by falling U.S. consumer confidence and house prices that suggested the economy was still fragile, while German business confidence fell unexpectedly for the
U.S. stock index futures held losses on Tuesday after data showed home prices unexpectedly slid in December but the annual rate of decline slowed. S&P 500 futures fell 4.1 points, Dow Jones
