Euro area annual inflation is expected to be 1.6% in June 2013, up from 1.4% in May3, according to a flash estimate from Eurostat, the statistical office of the European Union, released Monday. According to the main components of euro area inflation, food, alcohol and tobacco is expected to have the highest annual rate in
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Abacus, a leading business advisory firm with a portfolio of elite multinational clients announces the appointment of Marianna Charalambous as Head of Energy. “The recent developments in the oil and gas field in Cyprus and the dramatic changes in the energy industry have resulted in many of our multinational and global clients requiring our assistance
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Nokia shares surged on Monday after it announced plans to buy out partner Siemans AG's share of their valuable network equipment joint venture, betting on the technology to run 4G networks after it stumbled as a maker of smartphones. Loss-making Nokia gains full control of the profitable venture Nokia Siemens Networks (NSN) for $2.2 billion,
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Greece and its international lenders resume talks on Monday to unlock 8.1 billion euros ($10.5 billion) of rescue loans after a two-week break during which the government almost collapsed over redundancies at state broadcaster ERT. Prime Minister Antonis Samaras has said he expects the talks to conclude successfully, despite setbacks to the country's privatisation programme
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To fireworks, cannon-fire and Beethoven's Ode to Joy, Croatia joined the European Union at midnight on Sunday, two decades since fighting itself free of Yugoslavia. Thousands packed Zagreb's Ban Jelacic square to celebrate the accession of the bloc's 28th member, setting aside for a moment the troubles of a country in its fifth year of
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Asian equities edged lower on Monday, hurt by worries that the U.S. Federal Reserve could start scaling back its massive monetary stimulus in September, and signs of an economic slowdown in China. European stocks were seen likely to fall on Monday. Financial spreadbetters expect Germany's DAX to open down 0.44%, and France's CAC 40 to
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Growth in China's vast factory sector slowed to multi-month lows in June on faltering new orders, a pair of surveys showed on Monday, boding ill for the world's second-largest economy still smarting from fears of a credit crunch. Economists said the two purchasing managers' indices (PMI) reinforced their concerns that China's economic cooldown could deepen
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Brazil coach Luiz Felipe Scolari said Sunday's 3-0 Confederations Cup final victory over World and European champions Spain showed his team were taking huge strides along the road towards winning the World Cup at home next year. While Spain coach Vicente Del Bosque accepted his side were beaten by a better team on the night,
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Nineteen firefighters from an elite team in Arizona were killed on Sunday while battling a fast-moving wildfire that destroyed scores of homes and forced the evacuation of two small towns northwest of Phoenix, the state capital, authorities said. The tragedy ranked as the greatest loss of life among firefighters from a single wildland blaze in
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Egypt was locked in a tense standoff on Monday after millions of protesters swarmed into the streets to demand the resignation of Islamist President Mohamed Mursi and militants set the ruling Muslim Brotherhood's headquarters on fire. Young revolutionaries united with liberal and leftist opposition parties in a massive show of defiance on the first anniversary
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