EU aims to close loopholes in savings tax law

European Union regulators announced proposals on Thursday that aim to close off loopholes in the EU's strict tax rules and crack down on tax evasion linked to cross-border investments. The idea is

Cyprus talks seen extending into 2009

Negotiations to reunify Cyprus are expected to continue into 2009, a U.N. envoy said on Thursday, saying that time was needed to resolve the decades-old conflict hampering Turkey's bid to join the