The recapitalisation of the Cyprus banking sector may require up to about 6 bln to 8.9 bln euros, according to global bond manager Pimco, commissioned by the Central Bank of Cyprus to
In Havana last March, when Pope Benedict sat down with Fidel Castro, the revolutionary leader jocularly asked his fellow octogenarian: "What does a pope do?" Benedict proceeded to tell Castro, who had
The frontrunner in the election runoff for a new president this weekend said on Thursday he has been in touch with governments and unspecified funds for a bridge loan to ensure the
Authorities are checking if a wreck found on a beach of the island of Curacao could be that of a plane carrying fashion executive Vittorio Missoni which disappeared last month, Italian news
Cyprus Trade Minister Neoclis Sylikiotis, who leaves office in a week’s time after a second round of presidential elections, had to fight to keep hold of his ministerial limousine on Thursday when
Proceedings continued in Cyprus on Thursday at the District Court in the southern coastal town of Limassol where a man is being tried of allegedly planning terror attacks on Israeli tourists on
The head of the Greek Orthodox Church of Cyprus has thrown his support behind the leading opposition leader who is challenging the outgoing communist administration’s favourite in Sunday’s second round of presidential
About 5,000 flag-waving protesters rallied on Wednesday against Armenian President Serzh Sarksyan's re-election, saying his victory was tainted by fraud. Supporters of Sarksyan's second-placed rival Raffi Hovannisian filled Freedom Square in the
Assumptions by the global bond manager Pimco that real estate prices in Cyprus will fall off by a further 30-40% is grossly exaggerated, according to the Association of Valuers and Property Consultants.
Above the Black Sea city of Sochi, one of Russia's richest men is spending billions of roubles to turn a patch of mountainside into a global showpiece. Metals magnate Vladimir Potanin has
