Turkish Cypriots pessimistic on unification talks

 The newly-elected right-wing government of northern Cyprus said on Friday it was pessimistic that peace talks to unify the island would succeed. Turkish Cypriots recently elected a government backing a two-state arrangement,

Oil up above $61 as China’s demand rebounds

Oil firmed above $61 on Friday as fundamental support came from consumer nations such as China, the United States and Africa's top producer Nigeria after weeks of equity-led rallies. U.S. crude futures

Euro zone sees downturn easing; UK warned

Euro zone economies showed signs on Thursday that the worst recession in six decades was easing, but prospects for a British recovery were clouded by a warning over government debt and political