Chiu Hei-chun spent 50 years washing dishes at a roadside stall in Hong Kong only to lose his life savings when Lehman Brothers went belly up. "I saved it (HK$520,000) bit by
Greece's Olympic Airlines workers blocked Athens airport's runways on Tuesday, causing flight diversions and short delays, in a protest against the state carrier's planned privatisation, unionists said. Olympic Airlines unions oppose the
The European Commission is re-launching the works tender for the replacement of 83 kms water pipes and 3800 domestic water meters in the northern part of Nicosia. This is the first work
Iceland's blue chip stocks plunged 77 percent when trading reopened on Tuesday after a near week-long suspension and an official delegation from the island sought Russian help in saving the economy from
Turkish Airlines (THY) said on Tuesday it plans to order up to 105 planes from manufacturers Boeing Co and Airbus, as one of Europe's fastest growing carriers seeks to strengthen its position
Cyprus President Demetris Christofias said here today that negotiations aiming at settling the Cyprus question will be difficult, adding that as the Greek Cypriot side’s interlocutor he will defend the fundamental principles
An earthquake of 5.1 magnitude struck in the Aegean Sea north of the Greek island of Evia on Tuesday, but there were no immediate reports of casualties. The Athens Geodynamic Institute said
Minister of Finance Charilaos Stavrakis briefed the House of Representatives Finance Committee on the international financial crisis, noting that Cyprus' banking system was the most stable in Europe, giving it a significant
Germany, France and Britain announced massive financial rescues on Monday as governments across Europe stepped in to shield banks and restore confidence in the face of the worst financial crisis in nearly
U.S. economist Paul Krugman, a fierce critic of the Bush administration for policies that he argues led to the current financial crisis, won the 2008 Nobel prize for economics on Monday. The
