The British government said on Friday it would offer shares in state-owned Royal Mail at between 260 pence and 330 pence each in its London listing, valuing the company at as much as 3.3 billion pounds ($5.28 billion). The government plans to sell between 40.1 percent and 52.2 percent of near 500-year-old Royal Mail, which
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Divers on Thursday found what they believe to be the last two missing bodies from the sea where the Costa Concordia cruise liner sank last year off the Italian island of Giglio. The huge ship was carrying more than 4,000 holidaymakers and crew when it capsized after striking rocks on Jan. 13, 2012, killing 32
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Russia is ready to help Cyprus in its difficult economic situation, Russian Ambassador in Cyprus Stanislav Osanchiy said, pointing out the interest that economic circles and the political leadership of Russia have in Cyprus. “As the Ambassador I will do everything possible to help stabilise this situation and increase interest. However in my effort, I
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Emirates, one of the world’s fastest-growing airlines, is offering lower Business Class return fares for flights from Cyprus to 38 selected destinations for business and leisure passengers in Cyprus. The special promotion runs until Sunday 6th October 2013 for outbound travel between today and 21st October 2013. Customers are being encouraged to plan ahead and
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Centre-right deputies supporting Silvio Berlusconi renewed threats to resign if their leader is expelled from parliament and the left demanded an end to their "blackmail", deepening uncertainty in Italy's fragile ruling coalition. Italy has been close to crisis since Berlusconi, a partner in the coalition government, was sentenced to four years in prison, commuted to
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Four months ago, President Francois Hollande warned Brussels not to tell France how to run its finances. In a few weeks' time, the European Commission will do exactly that as a new era of rigid fiscal surveillance begins in Europe. In one of the most far-reaching responses to the region's debt crisis, the Commission, the
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The relaunch of the negotiations for a Cyprus settlement remains the government’s first priority, President of the Republic Nicos Anastasiades has pledged. Addressing the Cyprus Federation of America’s 2013 Testimonial Dinner, that took place in New York Wednesday evening for the benefit of the needy children of Cyprus, President Anastasiades also said that Cyprus is
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Twitter, which is preparing for its initial public offering, said on Wednesday it will help users receive special alerts from government agencies and aid agencies during emergencies. Users who sign up will receive smartphone notifications via the Twitter app as well as SMS text messages – assuming they agree to handover their cell phone numbers
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The question was being asked in hallway whispers and excited chatter in many languages this week at the Clinton Global Initiative conference. It's the question that follows Hillary Clinton everywhere – will she run for U.S. president in 2016? A version of the question came up during a panel discussion on investing in the future
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Barclays Plc will stop offering wealth management services in about 130 countries by 2016 and cut jobs in the unit as part of an effort to rein in costs and boost profit, the Financial Times reported on Wednesday, citing the British bank. Barclays announced plans in April to restructure its wealth business so it works
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